It all started a week ago, when BTC was on the verge of dropping below $40,000, but the currency quickly rebounded, adding $2,000 in just hours.
Bitcoin went on the offensive again after a few days of consolidation, reaching $45,000 on March 25. On late Sunday and early Monday, the event repeated itself, and BTC began to rise once more.
The cryptocurrency surged to nearly $48,000 for the first time since the start of the year after leaving over $400 million in daily liquidations. It first failed to break beyond that level, but the bulls drove it north again hours later. BTC temporarily surpassed $48,000, setting a fresh three-month high.
It has since retraced a few hundred dollars and is currently trading at roughly $47,500. Despite this, the company’s market valuation is slightly over $900 billion.
The altcoins’ behavior yesterday was similar to BTC’s, with strong price increases across the board. Most people have now calmed down.
In the last 24 hours, Ethereum has gained another 3%, pushing it above $3,400. This is the asset’s most expensive price since January.
Terra has benefited the most from the larger-cap altcoins. Luna has risen by another 9% and now trades above $100. As a result, earlier today, the asset reached a new all-time high of $105 per share.
WAVES has risen the most from the top 100 after a 60 percent spike in a single day, reaching $50.
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