At present we can see that crypto prices are going up. This uptrend has stated only this week. Bitcoin is around $74k while hive price is also increasing. Hive price once has dropped below $0.6 but now it is $0.068, though it had touched $0.068 level when hive had its last great attempt to rise in 2025. Steem surprised a lot during this week. From $0.049 to $0.07 is a big price surge. Hive increased just around 10% while steem has a massive jump of almost 40%. Even steem has surpassed hive price for the first time in history I think.
Buying of Spot bitcoin ETFs by Institutions and short covering had contributed in price rise of Bitcoin. When Bitcoin goes up, other cryptos also follow it. But, is this a genuine rally? If Federal Reserve do not cut interest rates, then what will happen? Also, it is also important for hive and steem if they can go beyond the psychological price level of $0.1. I think steem and hive has made its bottom. It means its a good time to accumulate. What do you think?
