Over the weekend, cryptocurrencies transformed from a red garden to a green landscape. At this point, the cryptocurrency market is in a much better place than it was on Friday, with an overall cryptocurrency market cap of $1.13 Trillion.
There are several factors related to the significant increase in crypto price. The most obvious, however, comes from the US government’s decision to positively intervene in the banking sector.
However, the crypto currency that was most affected by the rising market value was of course Bitcoin. It has jumped an impressive 21.30% in the last 36 hours and is currently trading at $26,500. Alternative coins, including Ethereum and Big Eyes Coin, are also in a much better place after the gains of the overall cryptocurrency market.
Why Are Cryptocurrency Prices Rising?
The flood of negative news affecting the usual stock market makes it difficult for crypto newcomers to understand why massive cryptocurrencies seem to be on the rise.
Forbes claims that the price increase can be explained by the withdrawal of capital from the banking sector. However, the biggest factor at this point is the thought that the FED will follow a softer stance on interest rate hikes.
Green Dominates Altcoins
Conflux (CFX) recorded the biggest gain on the 24-hour chart, currently up 33% at a trading price of $0.25. This is followed by a 23.24% Threshold (T) increase and a 17.22% OCD (OCD) increase.
Concurrently, there are significant gains to be made about crypto giant Ethereum (ETH) and rising rookie Big Eyes Coin (BIG). Ethereum is trading with a 6.22% gain in the last 24 hours. BIG, on the other hand, is a pre-sale meme token that is in its 12th phase with a massive $31.54 million fundraising, a 0.70% increase over last Friday’s data.
Big Eyes Coin Keeps Momentum High
Big Eyes Coin (BIG), the new cat-inspired meme coin, stands out with its back-to-back wins! Among the things he’s most proud of is how he raised $31.54 million in pre-sale just a few months before the launch date!
Now shy of three pre-sale phases, BIG still has a lot to offer. Currently offering coin holders the chance to earn extra coins via loot boxes! With the latest limited-time ‘300’ Crate Pin, users simply press “300” to get a 300% ROI alongside the already exciting 5,000% ROI offer for all loot boxes! As if that wasn’t enough, for a minimum of $100, coin holders can get back three Saver Tins!
Protect Your Assets; Invest in Crypto Now!
Don’t let fear stop you from getting the potentially deserved return on investment. Now is the time to invest and diversify your digital assets!
Keep up with everything Big Eyes Coin related via the links below:
Pre-sale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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