In Wednesday trade, major crypto tokens were trading with a strong positive bias. While Bitcoin increased by more than 7%. Ethereum, Solana, Binance Coin, XRP, Dogecoin, Cardano, Avalanche, Toncoin, and Tron all increased by up to 15%.

Crypto markets rose in expectation of the US Securities and Exchange Commission (SEC) approving spot bitcoin exchange-traded funds (ETFs) soon. Crypto markets rose more than 6% overnight in response to the US SEC Chairman’s tweet about crypto investing.

Bitcoin momentarily surpassed $47,000 for the first time since April 2022, and he believes it may surge beyond $50,000 if spot ETF approvals come in this week. According to him, BTC dominance has climbed to 54.5%, indicating that the top crypto asset has recently performed well. Any euphoric gain from here could lead to a subsequent fall, he warned investors, advising them to be wary of market volatility during the following seven days.

According to Coinswitch data, the overall market capitalisation of the crypto market has surpassed $1.8 trillion, and the crypto fear and greed index has risen by 6 points since Monday.

After a modest decline to roughly $43,000 on Wednesday morning, the market has reacted strongly to the tweet. According to Coinswitch, $48,000 is a key hurdle for Bitcoin, just before the crucial psychological figure of $50,000,000. ETF approval is also considered as a “huge positive” for the sector, though volatility is expected to rise at least until Thursday.

BTC has been on an upward trend for the previous five days, with a 10% rise month-to-date and a whopping 173% increase year-to-date. A close above the current level sets the groundwork for the next level of resistance above $49,000.

In Thursday’s trading, major cryptocurrencies were trading higher as new inflation statistics supported investor views that the Federal Reserve has stopped hiking interest rates.

Meanwhile, a drop in US retail sales in October after months of strong gains indicated a weakening economy and reinforced thoughts that the Fed is done raising interest rates.

After a major liquidation of leveraged positions totaling roughly $100 million for the day, Bitcoin (BTC) is up 5%, trading around $37,700. The market recovery is gaining traction, fueled by aggressive purchasing and macroeconomic considerations, as US inflation and retail data reinforce the Federal Reserve’s easing cycle narrative.

Bitcoin has increased by more than 5% in the last day, hitting a trading value of almost $37,500. Even in the lack of any updates from the US SEC regarding Bitcoin Spot ETF applications, this rise continues.

Other popular altcoins, such as Solana and Avalanche, gained 13% and 25%, respectively. BNB, XRP, Cardano, Dogecoin, Toncoin, and Polkadot all increased by 2-6%.

The market capitalization of Bitcoin, the world’s largest cryptocurrency, has risen to $730 billion in the last 24 hours. According to CoinMarketCap, Bitcoin presently has a 51.06% market share. BTC volume increased 21.76% in the last 24 hours to $28.3 billion.

Bitcoin has successfully maintained its support at $35,000 and is on its way to $38,000. If this level is breached in the following weeks, $40,000 becomes a possibility. If Bitcoin maintains its current price range, several altcoins will be able to catch up and push the overall crypto market cap past $1.5 trillion.

Cryptocurrencies have proven to be great investments over the years despite many ups and downs in the market. It’s also true that saturated tokens can wipe out your savings overnight. How do you find cryptocurrencies that are really worth investing in?

This article examines the top eight cryptocurrencies that are poised to explode in 2022. Some of them are new to the market, while some are currently in a downtrend. Emerging or established, they are all undervalued right now. It’s time to collect them!

Battle Infinity (IBAT) — The best cryptocurrency to invest in 2022

Lucky Block (LBlock) — The best cryptocurrency with earning potential

Decentraland (MANA) — The best metaversion token

Polygon (MATIC) — The most popular Ethereum scaling solution

Chainlink (LINK) — Connecting the blockchain and the real world

Earthling (ETLG) — Top cryptocurrency with a social mission

Ethereum (ETH) — The most undervalued cryptocurrency

Bitcoin (BTC) — The ultimate digital store of value

Battle Infinity tops our list of the best cryptocurrencies to buy in 2022. As the world’s first NFT-based fantasy sports game integrated with the metaverse, Battle Infinity presents some excellent value propositions. It allows you to build your own battle team and earn while showing off your gaming skills in the metaverse.

Battle Infinity is launching six products. The first is Battle Swap, a DEX that acts as a bank in the Battle Infinity ecosystem. With Battle Swap, you can buy IBAT tokens directly and exchange your rewards for another specified currency. As the DEX is integrated with the game marketplace, game store and arena, transactions on the platform are fast and smooth. Game assets in Battle Infinity are graded by rarity. You can trade them on the Battle Market, an NFT marketplace that lists assets like characters and weapons tokenized using BEP721 smart contracts.