The first cryptocurrency reported an increase of 3.5% at the end of the trading session on Tuesday. At some point, the value of digital gold soared above the $43,000 mark – the price high of March 3. It traded at $42,244. The main incentive for the growth of the first cryptocurrency on the eve was the tangible strengthening of key stock indices. So, the price of bitcoin began to increase sharply during the Asian session, as a result of which it jumped by $2,000 in just a couple of hours.
According to the world's largest aggregator of data on digital assets CoinGecko, over the past day, the total capitalization of the crypto market increased by 2.9% and reached $2.01 trillion. The Bitcoin dominance index increased by 0.2% to 40.2%, and the indicator of fear and greed of the cryptocurrency sank by 4 points to 26 points during the day. By the way, not only the main cryptocurrency asset could boast of high-profile achievements on the eve. So, the cost of Ethereum soared above $3,000. Over the past 24 hours, the coin has increased in price by 3.1%, and in a week - by 16%. At the time of writing, altcoin failed to gain a foothold above the round mark, now ETH is trading at $2,962.
Many popular tokens from the top ten willingly adopted the dynamics of the BTC and ETH and began to grow steadily. Thus, the value of the Dogecoin cryptocurrency increased by 4.1% to $0.124, Cardano gained 7.1%, and Litecoin and Uniswap rose by about 5%. Only the digital asset Terra showed negative dynamics (-2.3%). Experts of the analytical company Glassnode said that the main pressure of bulls came from investors from Europe and the United States. At the same time, users from the Asian region, on the contrary, sought to sell cryptocurrencies. As for the forecasts of cryptanalysts regarding the near future of the main virtual asset, most of them confidently declare the promising prospects of the coin.
For example, Mike McGlone, an expert from the Bloomberg news agency, recently stated that military-technical cooperation is currently preparing the basis for spectacular growth in the future. After the completion of this process, McGlone believes, the asset will begin to move towards the price ceiling - the $100,000 mark. Meanwhile, the creator of the DataDash cryptocurrency project is confident that the lateral movement of digital gold is a signal of the imminent arrival of large institutional investors on the market and a significant growth of the BTC. Recall that for almost the whole of March, bitcoin was in a sideways range from $37,000 to $42,000, not daring to choose a certain vector of movement.
