Subscribe to our Telegram channel

Bitcoin may rise to $ 62,000 in March

11:16 am, February 28, 2024

On Monday, during trading on exchange-traded funds, bitcoin BTC $75,074.71 Bitcoin 2.96% Market capitalization $1.48 trillion VOL. 24 hours $4.34 billion rose by $ 5,000, or about 10%, from $ 51,000. The market’s flagship was trading above $ 56,000, and today, February 28, it exceeded $ 57,000.

According to the analytical tracker CoinMarketCap, at the time of writing, the main cryptocurrency is showing a 2.25% gain and is trading at $ 57,445. The total number of coins circulating on the market is $ 1.12 trillion, with traders making daily trades worth $ 38.9 billion. Bitcoin’s dominance in the market increased to 52.2%. The Fear and Greed Index demonstrates an optimistic 80 points.

The growth of bitcoin was due to the fact that exchange-traded ETF funds purchased BTC for $ 512 million, including BlackRock for $ 112 million, Fidelity for $ 243 million, and Ark for $ 130 million.

Crypto experts note that at $ 57,000, bitcoin is facing another resistance at $ 58,000, but, contrary to forecasts, it has not dropped to test $ 54,000 or even $ 56,000.

«We are now, to a certain extent, close to the historical high. Bitcoin has never crossed an all-time high before a halving, but bitcoin likes to break these records.

We assumed that $ 58k could be reached next month, but March is coming in two days. Whether it will be a sideways fall or a rise to $ 62,000 remains to be seen, but bitcoin is showing strength," the analysts concluded.

Subscribe to our Telegram channel

BTC

$75,074.71

2.96%

ETH

$2,810.49

9.12%

BNB

$594.62

3.10%

XRP

$0.55

4.88%

SOL

$188.82

4.37%

All courses
Subscribe to our
Telegram channel!
The latest news and reviews of the cryptocurrency markets of the last
day right in your messenger. We are waiting for you!
GO TO
Show more