Bitcoin Rises Above $40K
Bitcoin still managed to overcome the pressure of the bears and rose above $40,000. At the time of writing, digital gold’s price was over $41,400, according to Tradingview.
Since March 16, Bitcoin started growing again gradually and steadily and reached a maximum of $41,702 that day. On Friday, BTC topped $42,000 and was able to hold that position as support over the weekend.
Most cryptocurrencies have followed digital gold. According to Coinmarketcap, among the top ten cryptocurrencies by capitalization over the past 24 hours, Avalanche (AVAX) has been the leader, having added 5.73% in price. Another record holder over the past day was Terra (LUNA), which increased in price by 3.73%.
Over the week, among the Top 10 cryptocurrencies by capitalization, Avalanche (AVAX) +29.45% increased in price more than others, Ethereum (ETH) grew by 12.19%, Solana (SOL) – by 11.28%, Cardano (ADA) – by 10.88% and BNB (BNB) – by 6.6%.
At the time of writing, the Crypto Fear & Greed Index was 30, which means “fear”. The day before, the situation was not much different. However, all the previous week, market participants experienced “extreme fear”. So we can say that with the growth of the Bitcoin rate, the level of fear among traders is gradually decreasing.
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