Market image
The market capitalization of the cryptocurrency increased by 6.4% in the last 24 hours, reaching 2.95 billions of dollars – its highest level in seven weeks and a confident return to a key figure. The global financial markets have supported this rally. However, it should be noted that the market was already gaining ground on Monday, in defiance of the fall in stock market indices.
The feeling in the cryptocurrency space has quickly moved to greed and is now in steps of extreme greed, the relevant index climbing at 72, the highest since the end of January.
Bitcoin approaches the $ 94,000 mark, which he briefly exceeded in early March. The exchanges supported above this level were observed for the last time at the end of February, before the start of the last sale. The market reported a clear upward trend, triggering a strong increase compared to the 50 -day mobile average and crossing 200 days with determination. In recent days, the price has also exceeded the decrease resistance which had been in place since the end of January. The following objective seems to be the region of $ 96,000, but the wider image suggests that a rally was gaining momentum with the potential to challenge peaks of all time almost $ 110,000.
New context
Last week, Microstrategy acquired 6,556 additional BTC for $ 555.8 million at an average price of $ 84,785 per room. The company now holds 538,200 BTC, accumulated at an average cost of $ 67,766. Total investment is estimated at $ 36.47 billion.
The actions of the producer of consumer goods Upexi have soared more than six times after the company announced that Solana would be adopted as a reserve. The company plans to strengthen its position in soil and set up the tokens it has.
According to Lookonchain, Mike Novogratz Galaxy Digital exchanged for 105 million dollars of Ethereum for Solana during the past fortnight.
Paul Atkins has officially taken oath as a new dry president in the United States. He said that the development of a clear and understandable regulatory framework for digital assets is an absolute priority.
According to Politico, the ECB fears that the support by President Trump of the cryptographic industry will trigger a “financial contagion” and has a negative impact on the European economy. The regulator is particularly worried about the growing influence of stables -coated in US dollars.
