Bitcoin Hit $48000 and Terra Reached an All-Time High of More Than $100

Terra hit an all-time high of more than $100, while Waves soared more than 60% to more than $50 in one day.

Bitcoin‘s recent price appreciation has continued over the past 24 hours, with the asset hitting and briefly exceeding $48000 for the first time in months. Most alternative currencies have calmed down, but Terra broke through $100 and hit an all-time high.

Bitcoin Hit $48000

The past few days have been highly positive for major cryptocurrencies as bulls have maintained a foothold in the market. It all started a week ago, when BTC was close to falling below $40000, but the asset rebounded quite decisively, adding $2000 in a few hours.

After several days of consolidation, bitcoin launched another offensive and hit $45000 on March 25. This situation is repeated again. BTC began to soar again late Sunday and early Monday.
The cryptocurrency soared to nearly $48000 for the first time since the beginning of this year, leaving more than $400 million in clearing every day. It failed to break through this level at first, but a few hours later, bulls pushed it north again. This time, BTC briefly exceeded $48000, a three-month high.

So far, it has pulled back hundreds of dollars, standing at about $47500. However, its market value is just over $900 billion.

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New ATH of Terra

The alternative currency also imitated the performance of BTC yesterday, and all prices rose significantly. But now, most have calmed down. Ethereum has risen another 3% in the past 24 hours and soared above $3400. This is the asset’s highest price tag since early January. Binance coin, ripple, Cardano, Solana and avalanche also appear slightly green. Shiba Inu rose about 5% on the same day, close to US $0.00003. In contrast, Polkadot and dogecoin produced slight losses.

Terra is the largest increase in large cap stock tokens. Luna soared another 9% and broke through $100. As a result, the asset hit an all-time high of $105 earlier today.
Waves surged the most out of the top 100 after growing 60% in a day. As a result, waves has hit $50. More revenue comes from loopring 16%, compound (14%) and thorchain (13%).
The market value of cryptocurrency has increased a little, and now it is $2.150 trillion.