March 4, 2024

Bitcoin price returns to above $40,000

The price of the first cryptocurrency resumed growth. At the time of writing, the BTC price is around $40,600.

The screenshot below shows that the price growth is supported by a surge in trading volumes. Hourly bitcoin price chart. Data: Trading View.

Most of the highly liquid cryptoassets ended up in the "green zone". This is what the top 20 of the CoinGecko ranking looks like: Data: CoinGecko.

The total market capitalization is $1.9 trillion. The bitcoin dominance index is 40.4%. Recall that on February 24, against the backdrop of the war in Ukraine, the price of bitcoin fell below $35,000.