Bitcoin Price and Ethereum – What Could Drive Today's Uptrend?
On Wednesday, major cryptocurrencies were trading in the green during the Asian session, as the global crypto market value climbed 0.20% over the previous day to $918.72 billion. In contrast, the total crypto market volume fell 8.20% in the last 24 hours to $49.50 billion. The overall volume in DeFi was $3.14 billion, accounting for 6.35% of the total 24-hour volume in the crypto market. The overall volume of all stablecoins was $46.85 billion, accounting for 94.65% of the total crypto market 24-hour volume. Bitcoin has plummeted by more than 5% in the last seven days. The leading cryptocurrency, on the other hand, is now gaining immediate support near $18,870, the triple bottom level. On the other hand, Ethereum, the second most valuable cryptocurrency, is expected to recover above the $1,270 support level. IMF Downgrades Economic Projections The World Economic Forum has received a fresh warning from the International Monetary Fund. According to the IMF,...