Upland

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 <p class="is-style-lead">The global crypto <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> has suffered a strong bearish momentum since early 2022. However, Bitcoin’s (BTC) surge above $30,000 has triggered a <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>-wide rally for most altcoins.</p>
 <p>According to the data provided by CoinMarketCap (CMC), the global crypto <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> capitalization hiked by 2.05% in the past 24 hours, reaching roughly $1.16 trillion. Per the data aggregator, the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>’s 24-hour trading volume surged 21%, surpassing the $47 billion mark.</p>
 <p>As the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> rallies, Bitcoin’s price witnessed a 2% surge and is trading at $30,730 at the time of writing. BTC’s <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> dominance hiked to 51.5%. This suggests that the flagship cryptocurrency, Bitcoin, could’ve driven the recent rally.</p>
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   <img decoding="async" width="1024" height="543" src="https://cdn.thebittimes.com/images/2023/10/23/e61c9783222cb4764e0822513a2d02e5.webp" alt="Crypto market turns green as investors expect another bull run - 1"> 
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   BTC price on Oct. 23 | Source: Trading View
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 <p>Moreover, the “fear and greed” index has also surpassed the 55-point mark, reaching a three-month high despite the negative impact of the Israel-Hamas war.</p>
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 <p>Crypto <a rel="noopener noreferrer nofollow" title="investor" href="https://thebittimes.com/tag/investor.html">investor</a> and technical analyst Tony said on X (formerly Twitter) that the current bull run might differ from 2019. He claims that Bitcoin has entered a “more advanced bull run.”</p>
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    <p lang="en" dir="ltr">Reminder: This is not 2019#Bitcoin is beginning a more advanced bull run pic.twitter.com/sS9cAsFQZ4</p>— Tony "The Bull" (@tonythebullBTC) October 22, 2023
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 <p>The chief legal officer of Coinbase, Paul Grewal, believes that the U.S. Securities and Exchange Commission (SEC) might give the <a rel="noopener noreferrer nofollow" title="green" href="https://thebittimes.com/tag/green.html">green</a> light to a BTC exchange-traded fund. The optimist comes while the SEC scrutinizes many crypto companies and digital assets, including Ripple (XRP).</p>
 <p>Following the recent surge in the BTC price, MicroStrategy’s Bitcoin holdings are back in profit — the company has purchased 158,245 BTC at an average price of $29,582 per coin.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-market-turns-green-as-investors-expect-another-bull-run-tbt67367.html">https://thebittimes.com/crypto-market-turns-green-as-investors-expect-another-bull-run-tbt67367.html</a></p>

Crypto market turns green as investors expect another bull run

TheBitTimes

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