Last week, the cryptocurrency market gradually increased its capitalization, raising it by $ 6 billion. The Attack Optimizer affected the course of events, which passes through the psychological mark of $ 4000 and persistently continues to fight for it..
Climbing started back on Thursday, increased interest in bitcoin on Friday and Saturday inspired the rest of the market. Over the week, the cryptocurrency market capitalization increased from $ 134 billion to $ 140 billion. After Saturday’s jump in the price of bitcoin by 3%, its rate reached $ 4070, but the subsequent correction lowered it. At the time of writing, BTC is trading at $ 4020, although over the past day the coin has shown an increase of 0.12%.
Ether (ETH) is hovering at $ 139.3 and dropped by 0.4% in 24 hours. XRP has retreated 0.3% and is trading at $ 0.317. Litecoin (LTC) reached the mark $ 60.2 after losing 1.51%, and EOS prices $ 3.76, falling 0.65%. It should be noted the stability of Bitcoin Cash (BCH), which grew to $ 161.2 over the course of the day, showing an increase of 6.85%.
Such fluctuations in rates are typical for the volatile cryptocurrency market., Record high daily volumes confirm. The recent gains have continued despite the CBOE’s announcement to stop issuing new Bitcoin futures in March. Some experts also say that the rates of many cryptocurrencies have reached the bottom and they have nowhere else to fall., get on February totals.
However, the chief analyst at Fundstrat Global Advisors predicts that the resumption of Bitcoin growth should not be expected earlier than in six months..
text: Ivan Malichenko, photo: Shutterstock, chart: CoinMarketCap
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Bitcoin fair valuation at the next halving in 2024