By Artist Shaan

Crypto Market Rally Could Be Short-Lived

Flames

Since the middle of July, the cryptocurrency market has had a smooth uptrend, with Bitcoin and Ethereum surging by 29% and 72%, respectively.

Since it is a bear market rally, the upward momentum will likely only last a short while.

Although there were some concerns raised by Nancy Pelosi's travel to Taiwan, they have now subsided.

Today's crypto market is seeing a general market rise.

Most cryptocurrencies' values are now climbing, with Bitcoin and Ethereum prices growing by 3% and 6%, respectively, to $23,559 and $1676, respectively.

"Traders dumped their holdings on major exchanges during the 2022 drop,

Thus it makes likely that the amount of Ethereum held by big exchange addresses has increased.