Bitcoin breaches $43,000 mark as cryptos turn bullish

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The cryptocurrency market turned bullish on Wednesday, with market capitalisation gaining 4.4 percent to reach $2.16 trillion.

As of 1230 hours GMT, the largest cryptocurrency Bitcoin’s price went up by 2.77 percent to reach $43,079. With this increase in price, the market capitalisation of the biggest crypto has reached $815.3 billion.

Data shows that 29,371 BTC left exchange order books – the most since September 10 – on Tuesday. The four-month high in outflows corresponds to short-term optimism as it appears that bullish sentiment is starting to return to the crypto market, at least over the short term. —TLTP

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