Crypto Market Bounce Back! Bitcoin and Altcoins See Reversal, How Long Will The Bulls Rule? — Coinpedia — Fintech & Cryptocurreny News Media

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The cryp­tocur­ren­cy mar­ket is see­ing a sig­nif­i­cant recov­ery fol­low­ing a dis­mal per­for­mance yesterday. 

How Are The Altcoins Performing?

The cryp­tocur­ren­cy prices were fluc­tu­at­ing to a great extent.

What Is Driving The Crypto Rebound?

The hawk­ish Fed was priced in by investors, which caused a decline in asset prices. Nev­er­the­less, it seems that investors along with the gen­er­al mar­kets have sta­bi­lized at the moment. S&P 500 rose by 1.8% while NASDAQ 100 rose by 2.1%. 

The val­ue of the cryp­to mar­ket soared through­out the epi­dem­ic, mak­ing it more close­ly cor­re­lat­ed with tra­di­tion­al mar­kets than ever. An asset’s cor­re­la­tion to the over­all mar­ket is gauged by its beta val­ue. The beta of cryp­tocur­ren­cies is 2. In oth­er words, cryp­to assets move twice as much if the over­all mar­ket grows or declines by 1%.

How long will the bulls reign?

Numer­ous fac­tors will deter­mine how long this cryp­tocur­ren­cy boom lasts.

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