Bitcoin Hit a Three Week High, and Cardano Exploded 17% and Regained $1

03/25/2022By: C, Fiona

 

New Three Week Peak of Bitcoin

Less than a week ago, the main cryptocurrency fell to just over $40000, and the community was worried that the asset might fall below this enviable line. However, the situation soon changed and BTC began an impressive rise, hitting $42000.Then there was a brief correction, which made bitcoin fall to $41000. Nevertheless, the Bulls stood up again and pushed BTC to the north. This time, the cryptocurrency touched and briefly exceeded $43000 for the first time since March 3.

However, as reported yesterday, bitcoin pulled back about $1000 and fell to $42000. A few hours later, it began to attack again, currently at about $43000, hitting a three week high earlier in the day.As a result, its market value has increased to about $820 billion.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

ADA, Shib, DOGE and SOL Saw Large-scale Increases

Yesterday, altcoins also suffered a slight loss, but today’s situation is completely different. Ethereum hit $3000 two days ago, but failed to stay there, falling below $2900 24 hours later. So far, the second largest digital asset stands above US $3,00 again, up 3% on the previous day. Binance coin, ripple, Terra, avalanche and Polkadot also showed a slight daily rise. Cardano is the best performing agent in large cap stocks. After coinbase’s announcement, ADA soared nearly 20% in one day and is now well above $1.1. Dogecoin followed, up 13%. This is after the bitcoin ATM in the United States has added support for the popular memecoin. Solana (7%), Shiba Inu (7%) and near protocol (11%) also achieved impressive benefits.

Since yesterday’s low, the market value of cryptocurrency has increased by about $60 billion, close to $2 trillion