Cryptoreach

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Bitcoin Average Transaction Fee is at a current level of 38.43, up from 37.22 yesterday and up from 1.168 one year ago. This is a change of 3.25% from yesterday and 3.19K% from one year ago.

Trends in the cryptocurrency market as of December 11, 2023: Market as a Whole: $1.71 trillion in market capitalization (-0.27% during the past day) Overall Market Sentiment: A little pessimistic, with Bitcoin becoming more and altcoins becoming less prevalent. Principal Patterns: Dominance of Bitcoin: With regard to the entire cryptocurrency market, Bitcoin's dominance rate has risen to 52.45%, a 2.5-year high. This implies that investors may be shifting their portfolios to safer, larger assets. Technical indicators: A strengthening of the upward trend is indicated by the fact that the weekly Relative Strength Index (RSI) for Bitcoin has risen over 70. In the near run, this might be encouraging for the price of Bitcoin. Price Action: After momentarily hitting $44,202, its highest level since April 2022, Bitcoin has been circling $44,100. Ethereum is remaining stable at $2,280. for more details

2023 will see continued interest in Bitcoin among fans and investors. In terms of durability and resilience, Bitcoin and Ethereum have outperformed conventional asset classes. This year, Bitcoin has increased in value by 93% over gold. Ethereum has increased in value by 39% in gold terms, though not as quickly as Bitcoin.

Very interesting information shared by you, I would also like to add an interesting fact about crypto is - The First Commercial Bitcoin Transaction was done for Pizza

One Interesting Fact about Crypto (Bitcoin) is A man in Florida paid 10,000 bitcoins for two Papa John’s pizzas on May 22, 2010. This was the first Bitcoin payment for goods, and it was worth around $40 at the time. This is widely acknowledged as the first commercial bitcoin transaction. You’d be a #bitcoin millionaire if you had that many bitcoins in September 2022. 10,000 bitcoins are worth more than $190 million in the market.

Bitcoin surged to an almost eighteen-month high as cryptocurrencies continued to gain in trade with Asia. On Tuesday, October 24, Bitcoin surged over 6% to $35,198, or around Rs 29.2 lakh, the highest level since May 2022. In its strongest session in over a year, it rose 10% on Monday. The cryptocurrency surge is "good news" for MicroStrategy since its bitcoin (BTC) assets have once again become profitable.