Overview

Crypto markets are seeing favorable movements, particularly Bitcoin, which is trading close to $114,200, reflecting a 2.4% increase within 24 hours. Among the tokens, Dogecoin tops the list with a remarkable 5% daily rise.

Key Highlights

• Bitcoin is currently valued around $114,200, marking an increase as major market trends stabilize.
• Other cryptocurrencies like Ether (ETH) and XRP also showed gains, but Dogecoin led with a 5% increase reflecting a positive trend over the past week.
• Analysts reveal that Bitcoin may currently be undervalued considering U.S. M2 growth, indicating a potential for significant upward price movements.

“Bitcoin continues to attract buyers on intraday dips, forming a somewhat delicate upward trend,” said Alex Kuptsikevich, Chief Market Analyst at FxPro.

Potential Trajectory: If historical trends persist, further liquidity improvements expected in Q4 may enhance Bitcoin’s standing in the market.

For Full Article: Read more about current market dynamics.