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BTC Regained Ground With The Price Nearing $45,000

Stefan by Stefan
26/03/2022
in Bitcoin News
Reading Time: 2 mins read
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BTC Regained Ground
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BTC regained ground with the price nearing $45,000 while Ethereum is also up and most of the market had a great week so let’s read more today in our Bitcoin latest news today.

Bitcoin regained ground and continued to move ahead after the weeks of struggle and neared $45,000 which is an increase of 1% over the past 24 hours and a 19% increase over the past 30 days. The last time BTC was priced above $45,000 as per the data from CoinMarketCap. The biggest crypto by market cap struggled to hold above $40,000 the past month and increased following the equities market while it is continuing to do so. The US stock market is up as well and so in crypto. The S&P 500 index is preparing for a weekly gain of 1.4% and the NASDAQ was looking for a bigger gain of 2%. BTC is up over the past week and increased by 6% while ETH is the second biggest digital asset and increased 1% today trading for $3136, increasing 11% over the past week.

bitcoin daily
BTC 24-hour Price Chart (Source: Coingecko)

BTC has been referred to as a digital gold by analysts and a safe haven asset that will be secure once every investment struggles. It is struggling to serve a purpose other assets traditionally seen as safe haven but performed better than BTC. Somewhere else, a lot of the market is still in the red looking in its 24-hour performance and some bigger players like Cardano are down by 5.2%.

btc weekly
BTC 7-Day Price Chart (Source: Coingecko)

Terra is a popular network for DeFi products and it is also down by 0.5% with a price of $93.25 and but both have made major gains over the past week. The rest of the marekt tends to follow BTC when it does well and it had a decent week due to the Wall Street Annoucnement from Goldman Sachs that became the first major US Bank to make a crypto transaction. The New York-based investment bank executed an OTC transaction by buying an OTC BTC NDO from Galaxy Digital. According to some, it led to a surge in confidence from investors that see some major money and interest coming from players which is a good reason to get stuck in and put cash into crypto.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Tags: bitcoin pricebtc pricebtc regained groundfeaturedprice analysisprice nearing
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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