After last week’s roller-coaster that transpired when Russia invaded Ukraine, bitcoin started to regain value and knocked on the door of $40,000. While it was stopped there at first, the asset broke down that door on February 28 and kept climbing towards weekly highs.
This resulted in nearing $45,000 at the start of March. In fact, BTC touched that level twice in the past two days but failed to breach it successfully.
The latest rejection came yesterday. Bitcoin briefly exceeded that level and marked a new 3-week high, but the bears stepped up and pushed it south by $2,000 to $43,000. It tried to reclaim some ground in the following hours but stands just a few hundred dollars above that intraday bottom as of now.
Nevertheless, being more than 20% up weekly means that the asset’s market capitalization is well above $800 billion.
This resulted in nearing $45,000 at the start of March. In fact, BTC touched that level twice in the past two days but failed to breach it successfully.
The latest rejection came yesterday. Bitcoin briefly exceeded that level and marked a new 3-week high, but the bears stepped up and pushed it south by $2,000 to $43,000. It tried to reclaim some ground in the following hours but stands just a few hundred dollars above that intraday bottom as of now.
Nevertheless, being more than 20% up weekly means that the asset’s market capitalization is well above $800 billion.