This Tuesday the BTC rises 2.4% and stands at $38,800, while Ethereum grows 0.4% and trades around $2,500. As for the altcoins this day they are trading mixed, the highest rise is for Terra with 5.7% while Cardano is the one that falls the most with 2.6%.
Bitcoin hit a low near $37,000 on March 7, the cryptocurrency’s worst price since Feb. 28. Total capitalization is $1.7 trillion, after approaching $2 trillion last week.
During the last five weeks, the price of Bitcoin has shown that it is holding firm above a new low: $37,000. That figure was the minimum it touched during this period and, in addition, it was progressively climbing that support line a little more each week. In the last one, for example, her minimum was on March 7 for $38,076.
This new bottom demonstrates that the Bitcoin price held at a new support level that is well above its lowest point so far in 2022. Until then, the minimum price it registered in the year was on January 22, when it reached $35,180, according to CoinGecko. That amount represents almost half of the all-time high it has reached, which was $67,617 on November 8, 2021.
Source: Ambito
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