A new upward trend has begun in the cryptocurrency markets. Bitcoin (BTC) jumped above $71,000. An upward trend prevails in all of the 10 largest crypto assets in terms of volume.
Cryptocurrency markets started the new week dynamically. Bitcoin (BTC) rose above the $71,000 level again after a few weeks of rest. Of course, this situation also applies to altcoins. reflected positively. The rise before the halving has started to excite investors.
on March 14 73 thousand dollars Rising above, BTC renewed its all-time high (ATH). Thereupon, BTC made a sharp correction and fell to 61 thousand dollars. Last weekend usually horizontally The cryptocurrency has started to rise sharply as of today.
Will a new ATH come before the halving?
*BTC one month price chart. Source: TradingView
Bitcoin miners will experience a significant event in the coming weeks. This incident has been talked about for a long timehalving“. With the start of the halving, miners’ earnings will decrease. Past halvings have caused huge increases in BTC. Whether something similar will happen this time? we will see very soon.
The 10 largest-volume crypto assets are all green
When we look at Coinmarketcap data, we see the 10 largest crypto assets by volume. in all We see that there is an increase. In this context; Ethereum (ETH) $3,590, Binance Coin (BNB) $592, Solana (SOL) $183Ripple (XRP) is traded at $0.6, Dogecoin (DOGE) is traded at $0.20, Cardano (ADA) is traded at $0.6, and Toncoin (TON) is traded at $5.72.
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So, what do you think about the general outlook of the cryptocurrency markets? Can BTC make a new ATH before halving? Don’t forget to share your ideas with us.