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Bitcoin price increased sharply one week

Bitcoin price last week continued to rise, surpassing the $45,000 threshold. Many other cryptocurrencies have also rallied strongly along with Bitcoin’s momentum. The market capitalization of the cryptocurrency market has surpassed 2 trillion USD.

Cryptocurrency the world’s largest continued to sublimate in the past week. Almost for the whole week, Bitcoin was bullish. Yesterday (March 26), the Bitcoin price officially regained the $45,000 threshold after more than a month of ups and downs. Currently, the Bitcoin price is trading around the $44,000 mark.

According to CoinDesk data at 6:42 am today (March 27, Vietnam time), Bitcoin price was trading at $44,524.77/dong, up 0.41% compared to yesterday. In the last 24 hours, the highest price of Bitcoin reached 44,802.71 USD, the lowest was at 44,124.26 USD.

Over the past 24 hours, Bitcoin trading volume has also fluctuated significantly. According to CoinGecko data, Bitcoin trading volume over the past 24 hours is close to $14 billion. The capitalization of the Bitcoin market this morning reached nearly 845 billion USD.

Bitcoin recovers, the price rises sharply to nearly 1 billion VND/coin
Bitcoin price increased sharply.

Most of the other major cryptocurrencies also rallied on the heels of Bitcoin, the crypto market was filled with hope. For example, compared to the previous 24 hours, Ethereum increased by 1.21%, at the price of 3,145 USD; XRP is up 0.99%, at $0.833; Solana rose 3.21%, price was 101.89 USD; Cardano is up 5.1%, price is $1.16; Stellar rose 1.89%, the price increased to $0.215; Polkadot is up 1.51%, priced at $20.89; Dogecoin is up 3.86%, at $0.135; Internet Computer increased by 2.99%, the price was 19.32 USD;…

As Bitcoin and many other cryptocurrencies appreciate, the capitalization of the cryptocurrency market has increased markedly. The total capitalization of the cryptocurrency market this morning (March 27), reached nearly $ 2.099 billion, up 1.1% compared to yesterday.

In the past week, the price of Bitcoin and many other cryptocurrencies has increased quite strongly. Bitcoin price from the threshold of more than $ 000 has climbed to $ 45,000.

In the first session of the week (March 21), Bitcoin price was trading at $40,000. By March 22, the Bitcoin price had risen slightly to $41,000. On March 23, the Bitcoin price suddenly increased above $43,000.

By March 24, the Bitcoin price dropped slightly to $42,000. On March 25, the price of Bitcoin suddenly increased above $44,000. By March 26, the Bitcoin price had officially regained the $45,000 threshold after more than a month of ups and downs. As of this morning (March 27), Bitcoin price was trading around the $44,000 mark.

Within the past 7 days, the Bitcoin price has increased by more than 10%. Bitcoin trading value is now at its highest level in March.

Bitcoin price spiked last week thanks to news that Russia might consider accepting oil and gas payments with this cryptocurrency.

According to Bitcoin Magazine, in a video allegedly taken from an interview, Pavel Zavalny – Chairman of the Russian Energy Commission – said that Russia is considering accepting different currencies when customers buy gas, even in Bitcoin. The proposal to use Bitcoin to pay for Russian energy exports comes in the context of Russia facing a series of sanctions from the US and the West.

Although this is only unofficial information, coming from social networks, it has had a positive impact on the cryptocurrency market, helping the market to prosper.

In addition, the Terra project continuously purchased Bitcoin to use as collateral for the stablecoin UST in the past week, creating a driving force for the world’s largest cryptocurrency to increase in price. Duo Nine, a market expert from Anchor Protocol, said that Terra’s hedge fund is holding 18,000 Bitcoins with an estimated value of about $800 million.

The movements of Bitcoin over the past 2 weeks make investors optimistic. Many believe that the price of Bitcoin is on the rise.

“We believe that Bitcoin price will continue to trend up in the medium term and may reach $50,000,” said Matthew Dibb, co-founder of Stack Funds.

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