RATE Group | Cryptocurrency market rallies with gains across the board as South Korea allegedly legal…
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Cryptocurrency market rallies with gains across the board as South Korea allegedly legal…

05 Mar Cryptocurrency market rallies with gains across the board as South Korea allegedly legal…

Posted at 12:52h in Cryptocurrency News by

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  • The news from South Korea helped to push the market outside the range.
  • Bitcoin and major altcoins moved above important resistance levels.

The cryptocurrency market is full of optimism once again. Bitcoin and all major altcoins are growing strongly with bullish trend seem to be gaining momentum. BTC/USD rushed above $9,000 and hit the intraday high at $9,126. Both ETH and XRP smashed important resistance levels and continued the upside quest. The total capitalization of all digital assets in the circulation jumped to $260 billion, while an average daily trading volume is registered at $130 billion

South Korea is behind the pump

The positive news from South Korea might have become the last straw that pushed the market outside the ranges. The News Asia reports that the Parliament of the South Korea passed an amendment to the Act on Reporting and Use of Specific Financial Information, which signals that cryptocurrency trading and holding will become a  part of…

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