On 23rd November 2022, Bitcoin once again regained its value above $16,000. After Coinbase confirmed that it holds 2 Million bitcoin worth $39.9 Billion, the market bounced back from the recent decline.
On Tuesday 22nd November 2022, Bitcoin was low at $15,820.29 BTC/USD, but it rallied to an intraday high of $16,611.59. According to CoinDesk, the current value of Bitcoin on 24th November 2022 is $16,691.83.
In a Bitcoin.com article, they reported that with the surge in the price from the recent floor of $15,600, it seems like the bull is now targeting a ceiling of $16,900.
Similar to BTC, the value of Ethereum (ETC) has also jumped back into the green zone. The cryptocurrency has moved back near the $1,200 mark. After hitting a low of $1,096.66, ETH/USD escalated to $1,175.13 on Wednesday 23rd November 2022.
According to CoinDesk, the current value of ETH on 24th November 2022 is $1,206.55. Therefore, Ethereum was able to move past a key resistance level of $1,170. However, because of these fluctuations, market uncertainty has increased quite a bit.