During Tuesday afternoon trading, Bitcoin (BTC) went over $23,000 and bought and sold at around $23,350.
In just two days, the biggest cryptocurrency by market capitalization has gone up by more than 12 percent, bringing the price to its highest since bitcoin crashed on June 13.
The Crypto Greed & Fear Index, which measures how investors feel about cryptocurrencies, went from “extreme fear” to “fear” and went up 10 points to 30, the highest it has been since April.
Most altcoins went up, with FLOW being the best performer with a 16 percent increase in the last 24 hours.
Ether (ETH) also went up, by 6.9%, to about $1,560. The second-largest cryptocurrency has been doing better than bitcoin for a long time. On Monday, it hit a high of $1,500, which was above its 50-day simple moving average (SMA).
- Bitcoin (BTC): $23,183 +7.8%
- Ether (ETH): $1,550 +6.4%
- S&P 500 daily close: 3,936.69 +2.8%
- Gold: $1,710 per troy ounce +0.0%
- Ten-year Treasury yield daily close: 3.02% +0.06