March 28, 2024

Cryptocurrencies took a breather after storming new highs

Cryptocurrencies took a breather after storming new highs

Major cryptocurrencies are selling on Mondaypositions after another sharp upward jump, when they renewed their historical highs. In particular, Bitcoin temporarily rose above the psychological mark of $ 28,000.

Investor optimism in financial markets inRecently, it is associated with the beginning of mass vaccination against coronavirus in different countries of the world. But in general, the situation with the pandemic remains difficult, so some market participants prefer to shift from traditional investment instruments to cryptocurrencies.

In the meantime, digital currencies have taken a break so that investors can comprehend the further direction of their actions and market prospects.
Bitcoin rate per day, according to Libertex,increased by 0.31% to $26,894 with a capitalization of $500.3 billion. Ethereum immediately rose in price by 10.3% - to $712.55 with a capitalization of $81.2 billion. XRP rose in price by 4.5% to $0.2822, its capitalization reached $8.9 billion. Litecoin strengthened by 4.3% to $129 with a capitalization of $8.6 billion.

The total cryptocurrency market capitalization reached $ 720.8 billion.

According to financial scouts, the market may soondrop a few more after a sharp jump upward and the achievement of new historical highs by cryptocurrencies. It can be predicted that Bitcoin will soon hold below the psychological mark of $ 270,000, Ethereum may hold positions at $ 700, XRP - near $ 0.25, and Litecoin - near $ 130.