Bitcoin

<ul><li>On March 13, Bitcoin recorded 18% as its highest 24h surge.</li><li>Nearly 1.7 million BTC are left to be mined – 19,317,068 BTC in current circulation.</li></ul>The decentralized pioneer Bitcoin transitions to an uptrend spiking the anticipation of a bull run. Despite the Fed economy being in <a href="https://thenewscrypto.com/trading-of-several-banking-stocks-halted-due-to-extreme-volatility/" rel="noopener noreferrer nofollow">financial distress</a> of the centralized bank runs, BTC outperformed by surging above $24,000.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7f2e5943692646c89b74256db14222c8.jpg" />BTC/USD 1-D Price Chart (Source: <a href="https://in.tradingview.com/symbols/BTCUSD/?exchange&#61;BITSTAMP" rel="noopener noreferrer nofollow">TradingView</a>)Following the <a href="https://thenewscrypto.com/u-s-authorities-shut-down-signature-bank-after-svb-closure/" rel="noopener noreferrer nofollow">closure of Signature bank</a>, BTC shot up from $20k to $24.8K. Significantly, since the last weekend, the pioneer cryptocurrency recorded a 24.7% – from $19,628 to $24,492 – in 4 days as per <a href="https://coinmarketcap.com/currencies/bitcoin/historical-data/" rel="noopener noreferrer nofollow">CMC</a>.According to CoinMarketCap, at press time, Bitcoin (BTC) traded at $24,312 with an 8% surge in 24h. Parallely, Ethereum (ETH) noted its prominent price surge. With over 4% in 24 hours, ETH traded at $1.667, at the time of writing.<h3 id="strong-resemblance-to-bitcoin-bull-market-2019-strong">Resemblance to Bitcoin Bull Market 2019?</h3>Bitcoin’s sudden bullish diversion in a brief timespan emerged with signals that mirror the 2019 bull market. Significantly, analysts flood Crypto Twitter with their comparison charts pointing out the resemblance of the previous bull markets’ – 2017 and 2019 – <a href="https://twitter.com/Washigorira/status/1610584706034139137/photo/1" rel="noopener noreferrer nofollow">parabolic curves</a>.As per statistics on <a href="https://www.tradingview.com/x/P8Y1zhJh/" rel="noopener noreferrer nofollow">the chart</a>, BTC has laid a bullish cross. The short-term moving average, 50 MA crossed the long-term moving average, 200MA, to record the positive...<a href="https://thenewscrypto.com/bitcoin-surpasses-24k-to-confirm-next-bull-run/" rel="noopener noreferrer nofollow">Continue reading &#64;TheNewsCrypto</a>

Bitcoin Surpasses $24K to Confirm Next Bull Run?

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TheNewsCrypto

Andre artikler udgivet 14. mar. 2023

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