Bitcoin remains on the verge of significant price movements in recent days and is currently trading above the barrier of $61,000 per unit. Market analysts consider that the most popular currency in the world has begun to establish itself in a support zone to avoid a bearish slowdown and maintain bullish momentum in the coming days.
According to information from CarpeNoctom, the trend in the value of bitcoin in recent days has been neutral and is expected to remain in the same state for the next 10 days. After BTC reached an all-time high above $74,000, its market value has varied and at its lowest point it managed to trade around $58,000.
Bitcoin, along with other cryptocurrencies such as ethereum, solana, dogecoin and ripple, experienced losses in value in the last 24 hours.
While the debate becomes more heated every day about the convenience or not of its use, bitcoin is trading this day at 09:00 hours (UTC) at 62302.26USD, which represents a change of -1.9% regarding the last 24 hours and a variation of 0.19% with reference to its value reached in the last hour.
In terms of its market capitalization, it has maintained the position #1 among cryptocurrencies.
This March 12 bitcoin has achieved a new all-time highsurpassing previous values and reaffirming itself as the most important cryptocurrency in the market, approaching the 73 thousand dollars. This record was obtained amid an unprecedented flow of investments into cryptocurrencies, a notable development for the digital financial sector.
The increase in the value of bitcoin occurs in a context where there is a massive influx of capital into cryptocurrencies, which indicates a growing investor interest and confidence in these assets. The rise in price benefits not only bitcoin but also has a positive impact on the cryptocurrency market in general, favoring greater stability and visibility, according to an analysis of Bloomberg.
Experts financed this increase due to different factors, such as institutional adoption of cryptocurrencies, the search for investment alternatives due to global economic uncertainty, and continued innovation in blockchain technology that underpins bitcoin and other digital currencies. This combination of factors has created an environment conducive to continuous growth in the value of Bitcoin.
To buy and exchange them, you use specialized portals. Its value varies depending on supply, demand and the commitment of miners, so it can change faster than traditional money, but the more people are interested and want to buy a certain currency, the higher its value will be.
However, whoever invests in this type of digital assets must be very clear that this form brings with it a high risk to capitalWell, just as there can be an increase, it can also unexpectedly crash and wipe out the savings of its users.
To store them, users must have a digital purse or wallet, which is actually a software through which it is possible to save, send and transact cryptocurrencies. In reality, this type of wallet only stores the keys that mark a person’s ownership and right to a certain cryptocurrency, so these codes are the ones that should actually be protected.
