💥Markets Reviving
The total cryptocurrency market capitalization stabilized around $2.7 trillion on Wednesday, and Bitcoin's $84,000 support temporarily supported the market against downward narratives coming from outside.
Japanese company Metaplanet issued $10 million worth of zero-interest bonds to finance Bitcoin purchases.
Cautious investors are turning to stablecoins for safety, while Tron price increased by 2%, standing out as the only asset in the top 10 that made a profit in the last 24 hours.
The total cryptocurrency market capitalization stabilized around $2.7 trillion on Wednesday, and Bitcoin's $84,000 support temporarily supported the market against downward narratives coming from outside.
Bitcoin Market Updates:
Bitcoin price remained solid above $84,000 on Wednesday, while altcoins experienced minor sell-offs.
Chart of the Day: BTC surpasses $84,000, NVIDIA stock targeted in US trade war
Nvidia stock price dropped by 5% on Wednesday, experiencing significant sell-offs due to the US government's ban on H20 chip sales to China, resulting in a $5.5 billion liability.
Initial market reactions show that BTC has benefited from relocating capital from investors exiting US technology stocks like NVDA and others.
