Bitcoin price increases one week

The world’s largest cryptocurrency has been volatile over the past week. In Week, Bitcoin At one point, it climbed to $48,106/dong, then suddenly turned back and dropped sharply, falling to $45,000/dong. Currently, the Bitcoin price is trading around the $46,000 mark.

Specifically, according to CoinDesk data at 4:12′ today (April 3, Vietnam time), Bitcoin price was trading at 46,156.18 USD/dong, down 0.29% compared to yesterday. In the last 24 hours, the highest price of Bitcoin reached 47,200 USD, the lowest at 45,666.10 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 over $25 billion. The capitalization of the Bitcoin market at dawn this morning reached more than 877 billion USD.

Bitcoin price is trading around the $45,000-47,000 mark.

Some cryptocurrencies also fell slightly in price following Bitcoin’s momentum. For example, compared to the previous 24 hours, XRP decreased by 0.56%, at $ 0.828; Cardano is down 0.92%, price is $1.16; Dogecoin is up 1.59%, at $0.139; Polygon fell 1.29%, to a price of 1.68 USD; Internet Computer is down 1.91%, the price is 21.19 USD…

On the contrary, many other cryptocurrencies continue to increase in price. For example, Ethereum is up 0.38%, at $3,465; Terra is up 8.03%, to a price of $114.31; Solana rose 0.46%, the price was 136.49 USD; Stellar rose 1.55%, the price increased to 0.235 USD; Polkadot is up 4.71%, priced at $23.08…

Although Bitcoin and many other cryptocurrencies fell in value, the market capitalization of the cryptocurrency market still increased slightly. Total capitalization of cryptocurrency market at dawn this morning (3/4), reached nearly 2,250 billion USD, up 0.5% compared to yesterday.

Over the past week, the price of Bitcoin and many other cryptocurrencies has fluctuated wildly. Although there are down sessions, the general trend is still up. Bitcoin price over the past week has been trading around $45,000-48,000.

In the first session of the week (March 28), Bitcoin price increased sharply, broke the hard resistance area, and jumped above the $47,000 threshold. By March 29, the price of Bitcoin continued to increase, at one point surpassing the $48,086 mark. By March 30, the Bitcoin price had sometimes touched $48,106 – the highest level since the beginning of 2022 – but the upward momentum could not hold and fell to the area of ​​$ 47,300.

On March 31, the Bitcoin price maintained at $47,000. On April 1, the Bitcoin price suddenly dropped to $45,000. By April 2, the Bitcoin price regained its momentum and jumped to $46,000. Until the dawn of April 3, the Bitcoin price was trading around the $45,000-47,000 mark.

Bitcoin price spiked last week thanks to many positive news, including that Russia may consider accepting oil and gas payments in Bitcoin in the context that this country is facing a series of US and Western sanctions. . In addition, the Terra project continuously acquires Bitcoin to use as collateral for the stablecoin UST and the US Secretary of the Treasury, Janet Yellen, recently expressed her active support for Bitcoin also motivates. promote the cryptocurrency market.

However, last week, the cryptocurrency market was also shaken by the news that the Ronin network developed for the game Axie Infinity was attacked by hackers, taking away more than 600 million USD worth of cryptocurrency. According to CoinDesk, this is the largest hack in DeFi history.

Despite turning bearish, Bitcoin’s recent move has analysts believe that Bitcoin is heading for a new round of acceleration.

Daniel Kukan, professional cryptocurrency trader at Crypto Finance AG, believes that the Bitcoin price is likely to rise to $53,000 in the short term. And market analyst Richard Perry said that the Bitcoin price will soon hit the $52,000 mark and move towards the $57,400 mark in the near future. In the same opinion, Nicholas Cawley – strategist at DailyFX – believes that Bitcoin will reach the level of 52,000 – 53,000 USD within the next 2-3 months.

In the long-term, Greg Beard, energy investment expert at Apollo Global Management, thinks that the Bitcoin price could rise to $200,000 within the next five years. And analyst ARK Investments, company invest According to the New York-based company, the Bitcoin price is likely to surpass $1 million by 2030.

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