Home » Business » Bitcoin Price Surges Past $53,000 as Crypto Market Resumes Rally – Latest Updates

Bitcoin Price Surges Past $53,000 as Crypto Market Resumes Rally – Latest Updates

On Monday, February 26, quotes of the first cryptocurrency exceeded $53,000. Over the past 24 hours, the asset has added 3.6%, according to CoinGecko.

At the time of writing, digital gold is trading above $53,400.

BTC/USDT hourly chart of the Binance exchange. Data: TradingView.

The rate of the second largest cryptocurrency by capitalization has increased by 3.8% over the past 24 hours. Current price is $3154.

Binance exchange ETH/USDT hourly chart. Data: TradingView.

Following the flagships, almost all assets from the top 10 by capitalization moved into the “green zone”.

Data: CoinGecko.

The total market value exceeds $2 trillion (+3.8%). The dominance index of the first cryptocurrency is 48.6%, ETH – 17.6%.

CoinDesk cites a report from the analytical company Swissblock, according to which Bitcoin “broke out of the range in which it had been since February 15.” Experts named the next level $57,000-58,000 – after this, in their opinion, new historical highs are expected.

“Momentum is building strongly. “All sails are raised,” analysts noted.

Previously, Matrixport allowed Bitcoin to rise to $63,000 in March. Experts include halving as catalysts.

Let us recall that in February, the head of the research department of IntoTheBlock, Lucas Outumuro, named five catalysts for the growth of Bitcoin above $70,000.

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2024-02-26 18:03:11
#Bitcoin #price #exceeded #Ethereum #ForkLog

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