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Bitcoin Crosses $62000: Crypto Bullish

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MUMBAI: The re-establishment of a bullish sentiment in the global stock markets was reflected in the cryptocurrency market as well and a significant recovery was seen in the rout that was reported at the beginning of the week. In the last twenty-four hours, the main crypto Bitcoin showed a level of 62000 dollars. In the late evening, Bitcoin was quoted at 61060 dollars while Ethereum was quoted at 2661 dollars. Looking at the recovery in crypto martech, bullies are now talking about Bitcoin reaching one hundred thousand dollars by the end of the year. Global stock markets also saw a surge in crypto markets over the weekend after US unemployment figures came in lower than expected and Japan clarified that it will not raise interest rates again. Maybe, the market players are having the opinion. Trump is in favor of cryptocurrencies. The overall market cap of cryptocurrencies also increased to $2.15 trillion.

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