Rally crypto

RLY Rally

“Bitcoin demand is colliding with increasingly tight supply. The new U.S. spot Bitcoin ETFs have pulled in an average of $195 million per calendar day in February,” said Zach Pandl, head of research at Grayscale, another major player in the new industry. “There is simply not enough Bitcoin to accommodate all the new demand, and so natural supply/demand dynamics are driving prices higher.” Rally crypto price If you would like to know where to buy Rally at the current rate, the top cryptocurrency exchanges for trading in Rally stock are currently CoinW, Bitrue, Gate.io, HTX, and Upbit. You can find others listed on our crypto exchanges page.

Rally crypto

Our free, fast, and fun briefing on the global economy, delivered every weekday morning. Recommended News With a price decline of -3.60% in the last 7 days, Rally (RLY) is underperforming the global cryptocurrency market which is up 0.20%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

Understanding a Rally

Its record high stands at $68,999.99, achieved in November 2021. Key Takeaway Read more: US Treasury once again proposes new crypto tax rules to “modernize” code

Rally cryptocurrency

"In a world where Nasdaq is making new all-time highs, crypto is going to perform well as bitcoin remains a high-volatility tech proxy and liquidity thermometer. We are back to a 2021-style market where everything goes up and everyone is having fun," said Brent Donnelly, trader and president at analysis firm Spectra Markets. Bitcoin hits a record high. Here are 4 things to know about this spectacular rally As always, the wild rally of Bitcoin pushed traders to jump onto the bandwagon with FOMO. Brian Armstrong, the CEO of Coinbase, also tweeted following the rally that his crypto exchange was “dealing with a LARGE surge of traffic.”