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It's on the rise! All eyes on these developments... Critical forecast

It's on the rise! All eyes on these developments... Critical forecast

Cryptocurrencies fell with the new variant of the coronavirus, the omicron variant. However, Bitcoin, which is one of the cryptocurrencies that opened the week in a recovered way, increased by 5.6 percent and saw the level of 57 thousand 800. Here are the latest developments in cryptocurrencies...

The new variant of the Coronavirus pandemic in South Africa caused the decline of omicron cryptocurrencies. Although consecutive warnings cause cryptocurrencies to bleed, they start the week by recovering after the fall. 

HOW IS THE SITUATION IN THE TOP 3?

The largest Cryptocurrency, Bitcoin, rose 5.6% to reach the level of 57 thousand 800. Ethereum also rallied to $ 4,336. Ethereum broke the record with $ 4,878 on November 10. Binance Coin, in the 3rd place, also recorded a growth of 4.1 percent and started the week with $ 610. 

HOW OTHER COINS STARTED THE WEEK?

Tether started the week at $1, while the 5th-ranked Solana climbed to $205. Cardano, which is in 6th place, rose 5.4 percent to $ 1.58, while XRP opened the week at $ 0.990966. 

Dogecoin, one of the most curious coins in the week that Polkadot started at $ 35, opened at $ 0.206533 and Shiba opened at $ 0.00003908.

CRITICAL FORECASTS

As Cointelegraph reported, Alex Mashinsky, founder and CEO of Celsius, made important predictions. Talking about the short-term bottom and expressing that it will return to $ 70,000, Mashinsky said, "I bought about $ 10 million worth of BTC and ETH. We can see a retest of $ 53 thousand for BTC and $ 4 thousand for ETH, but these should be short-term bottoms and go from here to 70. "We can get back a thousand dollars," he said. 

On the other hand, according to the news of The Times Hub, Former White House Counsel Anthony Scaramucci told CNBC, "If you believe in long-term fundamentals, it's time to buy. I think it's a risk-averse situation right now. Bitcoin and other cryptocurrencies are volatile. "It takes people away from the game. It also takes away some of the leverage and I think it's a pretty good first quarter." 

THE EYES OF CRYPTO COINS ARE IN THESE DEVELOPMENTS

US Treasury Secretary Janet Yellen and Fed Chair Jerome Powell will speak before the Senate Banking Committee on November 30 on the progress made in the implementation of the Coronavirus Relief, Relief and Economic Security Act (CARES). Yellen and Powell's comments about cryptocurrencies can affect the price.

Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), will also attend the Digital Assets Compliance and Market Integration (DACOM) Summit on December 1. Gensler's statements about cryptocurrencies are a matter of curiosity. 

Cecilia Skinsley, head of the Swedish Central Bank Riksbank, will also attend a meeting organized by Morgan Stanley, one of the largest investment banks in the USA, on central bank digital currencies (CBDCs). “Bitcoin can be an asset, but don't call it 'money',” Skinsley said in 2018.

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