Digital currency prices saw a significant increase during trading on Thursday, in an attempt to recover from the sharp losses experienced recently with Bitcoin collapsing to its lowest levels in 7 months, when it fell below $90,000.
🔸 Bitcoin BTC
It rose by 2.95% to trade at $91,833.97, but it is still far from the peak of October 6 when it exceeded $125,000.
It still accounts for 58.6% of the total market capitalization of cryptocurrencies.
🔸 Ethereum ETH
It rose by 3.3% to reach $3,014.85.
🔸 Ripple XRP
It recorded an increase of about 1.45% at $2.12.
Improvement in sentiment after NVIDIA's results
This improvement in the market was driven by the recovery of investor sentiment following NVIDIA's announcement of strong quarterly results that exceeded expectations, alleviating fears of a potential "artificial intelligence bubble."
Current market numbers
• Market capitalization of cryptocurrencies: 3.13 trillion dollars
• Trading volume in the last 24 hours: 179 billion dollars
• Fear and Greed Index: 15 points within the extreme fear range (0–20), compared to last week's average of 25 points.
Despite the current rises, the market is still under intense fear pressure... which may mean opportunities or risks, depending on each trader's perspective.
