During the Asian session on March 16, Bitcoin (BTC) rose above $40,000 several times. However, resistance increased again in this area, and the coin retreated to its previous positions.
During European trading, BTC again jumped to $40,350, adding about 4.4% per day. The stock market turned out to be a little support for digital currencies in the middle of this week.
Already during Asian trading, the technology sector showed growth after the Committee for Financial Stability and Development under the State Council of China promised to maintain stability in the market and support IT companies that focus on the US and Canada.
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As a result, shares of the giants Tencent and Alibaba rose by 20%. Stock indicator Hang Seng added 9%. The European stock market is also adding today. The UK UK 100 and the European Euro Stoxx are up more than 3%.
Risk assets, including cryptocurrencies, were also supported by investors. Ether (ETH) and Binance Coin (BNB) rose to $2,681 and $377, respectively.
Solana (SOL) and Polkadot (DOT) jumped more than 5% to $83.67 and $18.18. Terra (LUNA) and Cardano (ADA) strengthened to $89.82 and $0.813 respectively. Market capitalization increased to $1.785 trillion.