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Why is Crypto Going Up
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
The crypto market rose 3.21% to $2.62 trillion in 24 hours, led by Bitcoin and stronger investor confidence around crypto regulation. The rally was supported by $606.29 million in U.S. spot Bitcoin ETF inflows on August 20, while traders also rotated into higher-risk altcoins. Bitcoin’s move helped lift the broader market, with some correlation to gold as macro factors remained supportive. The market is now watching $2.53 trillion as key support. Holding above that level could keep the rally intact, while a break below it may trigger a pullback.
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