Greed

Bitcoin

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<ul> 
 <li>Bitcoin and Ether rally to new 2023 highs, signaling a potential end to the crypto bear market.</li> 
 <li>Institutional interest in Ether, exemplified by BlackRock’s ETF plans, boosts market confidence.</li> 
 <li>Record inflows into the <a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/">crypto market</a> over the past <a href="https://cryptonewsland.com/10000-xrp-at-100-per-coin/">10</a> weeks indicate a bullish sentiment.</li> 
</ul> 
The crypto market is witnessing a significant upswing, with Bitcoin and Ether leading the charge to new highs in 2023. On December 3, Bitcoin topped $40k for the first time in 19 months and further surged to $42k on December, marking a 20-month high. This rally is mirrored by Ether and several altcoins, all registering notable gains. 
The increase in crypto prices follows a trend of rising withdrawals from centralized exchanges, with over <a href="https://cryptonewsland.com/chatgpt-forecasts-bitcoins-future/">20</a>,<a href="https://cryptonewsland.com/cathie-wood-remains-confident-bitcoins-potential-to-reach-1000000-by-2030/">000</a> Bitcoin withdrawn since November 15. This reduction in exchange-held Bitcoin balances coincides with the recent price rise, suggesting a decrease in selling pressure as traders take direct custody of their holdings. 
The market’s buoyant mood is further evidenced by the <a href="https://cryptonewsland.com/old-btc-addresses-activity-catastrophic-potential/">Bitcoin Fear</a> and Greed Index, which currently indicates ‘greed’ at a monthly high. This shift in sentiment is a stark contrast to the cautious outlook that prevailed for much of the year. 
A pivotal moment came on November 9, when BlackRock confirmed plans for an Ether ETF, igniting an over 12% surge in Ether’s price and outperforming Bitcoin for the first time in months. This move by BlackRock is seen as a harbinger of growing institutional interest in cryptocurrencies beyond Bitcoin, potentially leading to significant capital influx into the Ether market. 
The last 10 weeks have seen a record $1.76 billion in crypto market inflows, the highest since October 2021. Alongside this, trading volumes and the total value locked (TVL) in DeFi platforms have soared, with the TVL reaching $49.7 billion on December 4, a multi-month high. As a result of these developments, the crypto market seems to be headed in a positive direction. 
With increasing institutional interest and improved trading volumes, there’s growing optimism that the bear market might be coming to an end, paving the way for a brighter future in the crypto industry. 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
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 <li><a href="https://cryptonewsland.com/bear-market-may-end-soon-despite-threats-of-further-sell-off-jpmorgan/">Bear Market May End Soon Despite Threats of Further Sell-Off: JPMorgan</a></li>
 <li><a href="https://cryptonewsland.com/is-this-the-end-of-bear-market/">Is This the End of Bear Market?</a></li>
 <li><a href="https://cryptonewsland.com/where-will-bitcoin-be-at-the-end-of-2022/">Will Bitcoin Hit $50K At The End of&nbsp;2022?</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-macd-signaling-end-of-bear-market/">Bitcoin MACD Signaling End of Bear Market?</a></li>
 <li><a href="https://cryptonewsland.com/solanas-meteoric-rise-25-surge-in-7-days-predicting-40-by-years-end/">Solana’s Meteoric Rise: 25% Surge in 7 Days, Predicting $40 by Year’s End</a></li>
</ul> 
The post <a href="https://cryptonewsland.com/what-rising-trading-volumes-reveal-about-the-end-of-the-crypto-bear-market/">What Rising Trading Volumes Reveal About the End of the Crypto Bear Market</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.

What Rising Trading Volumes Reveal About the End of the Crypto Bear Market

Crypto News Land

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