The price of bitcoin has overcome the level of $47,000

by in Cryptocurrency News

Bitcoin

On Monday, March 28, the quotes for the first cryptocurrency exceeded $47,000. The capitalization of the asset is $893 billion.

At the moment, the price of bitcoin reached $47,650, the highest since the beginning of 2022.

As a result of the volatility in the futures market, positions worth more than $400 million were liquidated.

At the time of writing, digital gold is trading at $46,800. Bitcoin has gained 13.4% over the past seven days.

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The growth leaders among the top 10 in terms of cryptocurrency capitalization were Cardano (ADA) - 34.7%, Solana (SOL) - 23.5%, Polkadot (DOT) - 21.8%.

Cryptocurrency market capitalization exceeded $2.2 billion.

On March 25, Bitcoin tested the $45,000 mark, and the price of Ethereum approached the $3,200 level.

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Recall that Nigel Green, CEO of the consulting company DeVere Group, predicted that the first cryptocurrency would reach $50,000 by the end of March.

Earlier, analysts at Glassnode warned of an upcoming surge in bitcoin volatility.