Hello friends!!
Hive is showing some resilience is now valuing at $0.346. In the last seven days it has surged by 18.89% according to coinmarketcap.
Hive's 7 days graph
Coinmarketcap
Looking at Bitcoin, it has surged by 15.53% in the last seven days according to coinmarketcap.
Coinmarketcap
One thing you may have noticed that the price spike in Bitcoin gives sort of a new energy to the crypto market and you see these different news related to Bitcoin’s price and people across different social media platforms talking about it feeling motivated.
And probably it's because of a reason and the reason is that with Bitcoin’s price surge, most of the other cryptos in the market also show strength and their prices surge.
The interest from financial institutions in Bitcoin is said to have acted as catalyst driving the price of Bitcoin higher in the short term.
Giants from traditional finance industry have reportedly joined hands to launch a crypto exchange platform.
And Bitcoin halving also is less than an year away which is typically believed to that halving events drive price of Bitcoin high and this has emerged as a trend over the past three Bitcoin halving events.
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