suppressed by both global and economic developments for a long time. bitcoin and altcoinThey are getting ready to end March positively.
The rise of Bitcoin to the $ 48,000 limit again caused sharp rises in many altcoins.
Entering the new week by making its investors happy, Bitcoin gained 6.2% in the last 24 hours, while gains in Ethereum approached 7%.
On a weekly basis, we see that the returns in Bitcoin and Ethereum are around 16%.
Altcoins Rise Hard
While the rise in Bitcoin increases the risk appetite in the market, we see that some altcoins are rising faster than Bitcoin and Ethereum.
According to CoinmarketCap data, the ones that have risen the most according to the last 24-hour returns are as follows;
gnosis +44%
Filecoin +28%
shiba inu +20%
waves +18%
EOS +17%
PancakeSwap +12%
Theta Network +12%
VeChain VET +11%
Although they have performed well over the last 24 hours, many of these altcoins are trading far from their peak levels. For this reason, many investors staying inside continue to wait for further rises.
At this point, experts warn that “my hand is not rising” and that entering higher coins may increase the risk of investors.
In Bitcoin, our short-term resistance level is $ 48267, where daily ma200 passes, and as support, we will follow $ 45800.
*Not Investment Advice.