SUDDEN RISE EXHIBITED BY BITCOIN

After a long time dip in the crypto market as at 3 to 4 days ago when every bit of the market was showing red and this has even caused a lot of worries to many investors. Now just like how cryptocurrency do show surprises, bitcoin has been showing a lot of potentials for some days now and in the last 24 hours, the coin have been able to gain over 12 percent and which have been trading over $24,000 after going below expected before. This sudden rise from bitcoin has been like a suprise to those who are trading because this past week a lot has happened and they expected fall in the market following the fact that there was depegged by a stable coin from US dollars.

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USDC deppeg should have affected the crypto market but yet bitcoin gained some rise. A lot of things have contributed to the sudden rise of bitcoin unexpectedly, this is why it is very hard and difficult to easily predict the future of certain coin or token because it is very volatile and anything can happen at any time which can result to a sudden rise or an unexpected fall.

It takes only the brave in heart to be able to venture into crypto since they do say that it is not meant for the weak. I hope to see bitcoin going further which will definitely affect other altcoins positively and crypto currency at large. This is a time to buy and hold to gain more profit.

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