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The cryptocurrency market is recovering $2 trillion in capital. Bitcoin for $43,100

The cryptocurrency market is recovering $2 trillion in capital. Bitcoin for $43,100

 

In just 24 hours, the cryptocurrency market capitalization increased by more than 3% to reach $2 trillion. Investors returned with money, or is it a temporary jump?


Bitcoin and cryptocurrency price predictions/photos. Michael Fortch, Unsplash.com
 

In recent days, cryptocurrencies have clearly started to regain their ratings. Bitcoin today (03/24) to more than 43 thousand. dollar. Ethereum is valued at $3,040 and Cardano is over $1.1. Today, it scored 17% better than yesterday.

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Inflation and the Russian invasion of Ukraine discouraged investors and scared new people away from the cryptocurrency market. These are very risky assets, and like technology stocks, they depreciate rapidly when negative events occur around the world.

However, in recent days, cryptocurrencies have regained their valuations, and while they are still far from previous records, the market seems to be slowly stabilizing. The upbeat mood is also back – at least among some investors.

This can also be seen in the fact that we have had a lot of cryptocurrencies in the last 24 hours. Increases of more than 10% were recorded. There are more than ten of them, from Near Protocol (11.09%), Enjin Coin (11.40%) and Dogecoin (11.42%), to Axie Infinity (14.56%), Cardano (17.63%), Fetch.ai (21%) and DeFi Kingdoms (31.51%). You could also say that most cryptocurrencies are “glow green”.

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However, Bitcoin , with its current valuation of $43,100, could face significant resistance above $44,500. Lots of sales orders are set at this level.

The US central bank ‘s decision , which warns of rising inflation and suggests that it will continue to raise interest rates, has a significant impact on the recent increases. So the narrative is that Bitcoin and other crypto assets are a great way to protect your assets as well as your chance of making a profit in the long run.

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