Bitcoin updated the local high at $43,400 on Thursday. The coin traded at $43,019 at one point. Over the past day, the BTC has increased in price by 2%. Following the results of the trading session the day before, the value of the first cryptocurrency sank by 1% and closed the day at $42,400. Bitcoin took the course for a confident recovery after March 14, when its price fell below $38,000. Since then, the asset has already risen in price by 15%. At the same time, for almost the entire month, bitcoin was in a sideways range from $37,000 to $42,000, not daring to choose a certain vector of movement. The only exception was last week, according to the results of which the coin showed the highest growth over the past month and a half.
In January, bitcoin lost more than 16%, and during February its price increased by 12%. In November 2021, the BTC updated the historical record, soaring above $69,000. Since then, the cryptocurrency has moved to a steady decline and has fallen in price by more than 40%. According to the results of the past year, the cost of bitcoin increased 1.6 times - to $46,200 from $28,900.
According to the statistics of the popular Internet platform CoinGecko, which traces prices for virtual assets, the capitalization of bitcoin is $815 billion on Thursday. The share of digital gold in the market reached 39.9% (-0.2% per day), and the fear and greed index of the PTS increased by 5 points per day - up to 31 points. The total capitalization of the cryptocurrency market over the past 24 hours increased by 0.3% and reached $2.01 trillion. The leading cryptocurrencies from the top 10 by capitalization willingly adopted the trend of their virtual leader and over the past 24 hours have grown in the range from 1.7% (Binance Coin) to 21.4% (Avalanche).
Special attention should be paid to the rapid growth of the altcoin Cardano, which gained 9.3% per day. The coin has been showing spectacular positive dynamics for several consecutive days against the background of the promise of the founder of ADA - Charles Hoskinson - that by the end of this year the Cardano blockchain will reach the same high level of performance as Solana. As for the scenarios of experts regarding the future of the main digital asset, on the eve of analysts from Bank of America predicted that the process of regulating the crypto market will increase investor confidence, as a result of which the total market capitalization will grow 15 times - up to $30 trillion.
At the same time, experts are confident that after the launch of the state digital currency (CBDC) Serious economic and geopolitical difficulties await the US military-technical cooperation. As proof, Bank of America analysts cite the example of China, which is on the verge of introducing the digital yuan. The day before, the Thai authorities announced their decision to ban the use of digital money as a means of payment from April 1. According to the representatives of the state, the free use of cryptocurrencies reduces the effectiveness of the country's monetary policy.
