Bitcoin is Back and Ada is Taking Off

Perhaps in this post I will respond to my post yesterday, "Correction or Fake Bull Wave"
And I think that Bitcoin answered all of us about this question when everyone started doubting yesterday after the decline that affected Bitcoin and cryptocurrencies in the past two days, bringing the price down to 44,000 and everyone started to wonder as I posted yesterday, but Bitcoin responds to us today:

  • Correction....

Yes, it was a slight price correction at the end of the week, followed by the fall of some cryptocurrencies as well, but today everything is back to normal, even better than it was, as Bitcoin rose to reach the price of 47000, with a daily increase of 5%.

Likewise, Ethereum, after it was around the corner from dropping to the levels of 2000 dollars, but today it returned with all of them to rise by up to 7% and reached 3200 dollars.

This is not the dazzling in everything I mentioned, but the dazzling in the ADA coin, which rose today nearly 20%!

Where the ADA coin dazzled everyone after it successfully occupied the third place after it reached about 2 and a half dollars, a significant increase that made the coin's market cap reach $ 80 billion, surpassing the Binance coin.

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The results

After returning from the correction and the huge rise that occurred today, the marketcap of cryptocurrencies returned to reach $2.04 trillion.

Most of the cryptocurrencies gained a great momentum that made the green color return to the market again, and the state of optimism among traders increased, as the trading rates on the platforms increased since the beginning of this day.

The greed index rose significantly to reach 70%, which is a matter of concern, as this point is the point of manipulation of whales, especially for margin and future traders who lost a lot after returning from the correction.

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Image Credit


And you, what do you think ?

Thank You

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