Bitcoin Update

On Thursday, March 24, at the end of the day, Bitcoin rose by 2.58%, to $44,200. Over the past ten days, we have seen a systematic increase in prices by 18%. The maximum of the week is fixed at $44,444. According to CoinMarketCap, the total capitalization of the crypto market over the past day is $1.96 trillion. The Bitcoin Dominance Index lost another 0.2% to 41.7%.

On Thursday, buyers again made an attempt to break through to the level of 45 thousand. They are moving hard to the north, as the growth of US stock indices has stalled. It is necessary to test the level of 45 thousand today in order to develop growth with renewed vigor.

If the upward movement continues over the next two days, buyers will have an opportunity to break the protective stops of sellers on short positions above 45500 over the weekend.

Ethereum is now better off than Bitcoin. Investors buy it with bitcoin. Against this backdrop, the ETH/USDt pair is approaching resistance at 3130. If buyers manage to break through it without correction, then the opposite effect may work when the outstripping growth of altcoins will pull Bitcoin up. A strong bullish momentum is expected only after BTC/USDt fixes above 46k.