Bitcoin Helps Market Hover Past $2 Trillion As BTC Nears $48,000

Bitcoin and other cryptocurrencies appear to be gaining traction, as the first quarter winds down. Crypto has reached the $2 trillion threshold and is proving surprisingly resilient in the face of global uncertainty. As of Tuesday, Bitcoin has totally recovered from its early-year losses. BTC fell from $47,733.40 to $35,070.10 in the first 30 days of the year and has since failed to regain ground. At Monday’s all-time high of $47,765, market leader bitcoin broke free from the confined $34,000-$44,000 bracket it had been trading in for the majority of 2022. The cryptocurrency is up 18% as a result of a steady rally from a low near $40,000 on March 21. As of Tuesday, the top crypto was trading at $47,899 on Coingecko, 16% in the last seven days. Bitcoin Shows Positive Signs Despite the favorable market action, analysts cautioned that it is premature to declare the end of Bitcoin’s price volatility. Market experts will reserve judgment on the volatility until the price maintains its current advances for at least another week. Its relative stability, at least compared to recent performance, stands in stark contrast to stock markets, traditional currencies, and even safe-haven gold, which have all been roiled by Russia’s invasion of Ukraine and the Federal Reserve’s tightening. Related Article | Bitcoin Breaks Past The $40,000 Barrier Again – Can It Sustain The Momentum? BTC total market cap at $908.44 ...