Bitcoin Shows Strength

The main benchmark of cryptocurrencies was able to cope with geopolitical pressure and demonstrated a steady growth of 14.5% following the trading day on Monday, February 28. Market participants were encouraged by the possible cancellation of the Fed’s key rate hike, because the current increase in the cost of raw materials and non-ferrous metals in financial markets only exacerbates the problem of rising inflation in the United States. The regulator has a difficult task to solve.

However, for risky asset markets, this is an absolute positive

At the moment, Bitcoin has strayed from the lower limit of price consolidation, located at $ 37,000, where there was also an increased trading volume, which indicates active protection of the range and a set of positions. If the bulls have enough strength, then the benchmark may approach the coveted resistance zone of $ 457,000. We should expect the continuation of the upward trend.

The main benchmark of cryptocurrencies was able to cope with geopolitical pressure and demonstrated a steady growth of 14.5% following the trading day on Monday, February 28. Market participants were encouraged by the possible cancellation of the Fed’s key rate hike, because the current increase in the cost of raw materials and non-ferrous metals in…

The main benchmark of cryptocurrencies was able to cope with geopolitical pressure and demonstrated a steady growth of 14.5% following the trading day on Monday, February 28. Market participants were encouraged by the possible cancellation of the Fed’s key rate hike, because the current increase in the cost of raw materials and non-ferrous metals in…