Why is the crypto market going up today? (March 13)
The crypto market rose 2.4% to $2.51 trillion on Friday primarily due to a shift in global risk sentiment following signals of potential de-escalation in the Middle East.
Summary:
#Crypto prices rebounded on Friday after crude oil prices retreated following multi-year highs.
A wave of short liquidations across leveraged markets and back-to-back inflows into major crypto ETFs also supported the recovery.