Bitcoin Soared to a Three-Month High, And the Crypto Market Increased by $120 Billion a Day

03/29/2022By: C, Fiona

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With the significant growth of bitcoin and alternative currencies, the market value of cryptocurrency increased by about $120 billion in one day.

Bitcoin registered an impressive leg, resulting in nearly $48000 for the first time since the beginning of this year. The alternative currency is also green. The daily earnings of Solana, Polkadot, avalanche, dogecoin and Shiba Inu are impressive.

Bitcoin Hit a 12 Week High

Bitcoin broke through $40000 on March 16 and has not looked back since. After several dangerous situations, the asset began to gradually regain the milestone of other rounds, which eventually led to the capture of $45000 a few days ago, as cryptopotato reported on Friday.

 

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

 

The weekend began in a fairly calm way, as BTC has made a slight correction, but it still remains in the range between $44000 and $45000. Sunday is also a relatively slow day. At first, it was like this. Later, everything changed. Cryptocurrency soared nearly $3000 in a few hours and soared to an intraday high of $47800. In addition, this has become the highest price tag of the asset since January 2. The sharp rise in prices also led to liquidation worth more than $400 million.

So far, BTC has made a slight correction and is close to $47000. Nevertheless, its market value is close to the $900 billion mark.