Latest News

WAVES Soars 70% Weekly, Bitcoin Maintains $47K

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.

Related Posts – XRP Price Goes Up After Unexpected Reappearance On Coinbase

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.