Bitcoin and Ethereum bounce back after yesterday's fall

by in Cryptocurrency News

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The surge in investor activity in the cryptosphere at the beginning of the week turned out to be short-lived. The largest digital currency fell below $42,000 again and pulled almost all major altcoins with it.

Today's trading in Asia took place mainly in the green zone, which had a positive effect on the positions of BTC.

Major stock indicators Japan's Nikkei 225, Hong Kong's Hang Seng, China's CHOMP, and Korea's KOSPI rose about 0.5% on Thursday, March 24. The European market is also adding, the composite index Euro Stoxx 50 added 0.3%.

Capital is returning to tech stocks, and cryptocurrencies have also been able to attract investment.

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The bitcoin exchange rate has strengthened to $43,050.

During Asian trading, the coin soared to $43,230 but then corrected. Ether (ETH) rose to $3035. Altcoin Cardano (ADA) is showing explosive growth today. Over the past day, its price has soared by more than 15.3% to $1.12. The capitalization of ADA is approaching $38 billion.

Terra (LUNA), Solana (SOL), and Avalanche (AVAX) rose to $94.76, $96.91, and $85.24 respectively. The capitalization of the crypto market exceeds $1.96 trillion.

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According to Glassnode, European and American investors prefer to buy on growth, while their Asian counterparts choose to sell.

Based on the research of analysts, it is possible to predict an increase in the cost of bitcoin, at least during the European and American sessions. BTC may try to break above $44,000 today.