$200B From Cash Flow Leads to Crypto Market Recovery
- The Crypto market receives a huge pump in just one day.
- The record shows almost $2 billion in cash flow.
- Analysts on the fence if the market is still bearing or going full bull soon.
The crypto market receives a massive influx of funds all in one day. The total amounts to almost $2 billion. Specifically, it is $198.91 billion. This inflow came in right after the crypto market’s lowest records made this year.
, in particular, seems to be on the road to recovery. On Tuesday, the price of BTC marked the annual record low so far at under $29,000. Following back the price is back up at $33,000 to $34,000.
Accordingly, Coinmarketcap says the global market cap for crypto is up by about 8%. Some traders believe that this is the mark when cryptos will once again begin to go bullish. On the other hand, some traders believe another drop is yet to come.
On the matter of the one-day p…
This article was first published on coinquora.com
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