Today, March 16, the first cryptocurrency again broke through the psychological mark of $4000.

30-minute chart of the BTC/USD exchange Bitstamp from TradingView

The graph shows that the strong upward movement was accompanied by a surge in trading volumes. Currently the price is trying to gain a foothold above the round level.

According to “old traditions”, bitcoin pulled a whole almost the entire market. In particular, it looks now the first top ten CoinMarketCap:

Faster than all of the top ten recovering Bitcoin Cash. Also in recent days has substantially raised the price of Litecoin (of 8.78%) and Ethereum (to 6.62%).

Informed CoinDesk analyst Omkar Godbole expressed the opinion that the $4220 confirm the beginning of a new long-term uptrend.

Discuss current news and events on the Forum