Home Business Bitcoin gains momentum at + 6.7% and reaches its highest since the beginning of 2022

Bitcoin gains momentum at + 6.7% and reaches its highest since the beginning of 2022

by admin
Bitcoin gains momentum at + 6.7% and reaches its highest since the beginning of 2022
  1. Home ››
  2. News >>
  3. World News ››


FACEBOOK
TWITTER
LINKEDIN

Cryptocurrencies in the dust today. Bitcoin gained momentum above $ 47,000, with a balance of over + 6.7% in the last 24 hours (CoinDesk data) and thus bringing the balance back to the positive from the beginning of the year.

The largest cryptocurrency by market value has gained more than 12% since last Sunday (March 20) with a six-day streak of consecutive gains.

The risk-on on the markets is seen as an important support element for bitcoin and other cryptocurrencies. And this “bullish momentum” should continue in the short term according to QCP Capital which also indicates Bitcoin purchases from Luna as a positive catalyst. “A notable buying flow this week was the $ 125 million BTC purchase by the Luna Foundation Guard (LFG). This purchase is part of the plan to systematically accumulate a total $ 3 billion worth of BTC as reserve for TerraUSD (UST) “wrote QCP this morning.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy