Good news for Steemians! 💰Will it last?💲

Hello Steemians!

Bitcoin has been on a steady uptrend in recent times. This is a good development for crypto lovers as the market had been on a downward trend since November 2021 before starting this uptrend last week, when the market reached its peak at 69,000 dollars. However, the market has corrected itself, and the recent bullish trend has seen Bitcoin surpass the 21,000-dollar mark.

It's important to note that the crypto market is closely tied to the performance of Bitcoin. As such, when Bitcoin experiences a positive trend, other cryptocurrencies tend to follow. This has been the case with Steem but with a small lag. The token has been on an upward trend and is currently holding steady at the 0.23-dollar level.

This is great news for Steemit users as it is a sign that the coin is gaining traction in the market. Historically, when the price of Steem pumps, it doesn't hold for more than ten minutes. However, this time, the coin is showing remarkable resilience by holding the 0.23-dollar level. This is a positive indication that the coin is gaining more mainstream acceptance, and it's a trend that is expected to continue. The market high for today was 0.25 dollars, showing a steady increase in value. This is an 81% increase from the market bottom.

As a general rule of thumb, it's important to regularly take profits at various levels to ensure that we don't lose them all in case the market starts to decline. The crypto market is known for its volatility, and investing in any cryptocurrency, including Steem, carries a significant level of risk. Therefore, please make sure you only invest an amount that you're comfortable losing if you're going to buy using your own money.

Thank you for reading!