Bitcoin (BTC) Breaks $17K; Ether (ETH) rises 4% and cryptocurrency market celebrates together

According to Asso Lago, the daily rise in the market does not represent great news, just a mimicry of Wall Street (Image: Pixabay/EivindPedersen)

O Bitcoin (BTC) started this Thursday (8) with little gains, but at the end of the afternoon it was driven by a more intense rise of Nasdaq and rises more than 2%. THE cryptocurrency was struggling to pass the $17,000 mark, and at the time of this publication is already quoted at $17,200.

O Ether (ETH) hitchhikes and values ​​4% today, the token is traded at US$ 1,280. The value of the market as a whole is up 2% and is priced at $857.82.

The market is still awaiting a direction from the Federal Reserve’s economic policy, the central bank of the United States. Some metrics and comments by President Jerome Powell tend to indicate a relief in the increase in interest rates.

According to Tasso Lago, manager of private cryptoactive funds, the daily rise in the market does not represent great news, just a mimicry of Wall Street.

“There is nothing relevant at the moment. The market remains paralyzed after the FTX crash, where the market awaits the possible collateral from this unfolding”, he explains.

Lago says that the crypto market still depends on greater certainty of what will happen after the crisis at the second largest brokerage in the United States that went bankrupt.

“Several funds and banks are already looking at companies that were part of the FTX with a shopping look. This brings greater peace of mind to the crypto market. In general, the market has been directionless and sideways since the brokerage firm went bankrupt”, he concludes.

Source: Moneytimes

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