It seems that hope has returned to the cryptocurrency market after the latest correction wave in which Bitcoin fell below the $40K levels.
However, current indicators indicate one thing, that digital currencies are preparing for a new round of ascent despite the continuing repercussions of the devastating effects of the war between Russia and Ukraine.
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Hope is back
According to the data of the Crypto Fear&Greed Index, the index has reached its highest level since the beginning of March, when it recorded 52 points.
Cryptocurrency traders are in a state of hope during these moments as the bulls are betting on their success in the current round after Bitcoin breached the $44,000 levels.
According to the data of the index that measures the risk appetite of crypto traders, the Crypto Fear&Greed Index is recording during these moments levels near 50 points.
This came after the feelings of fear and panic in which traders indulged over many sessions in March have dissipated.
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2 trillion
In another development, cryptocurrencies succeeded in crossing the $2 trillion threshold again, in a sign of collective gains for altcoins, especially large ones in terms of market capitalization.
The market value of cryptocurrencies is trading near its highest level since February 10, after exceeding the $2.02 trillion levels, as it increased over the last week’s sessions by more than $200 billion.
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Bitcoin
In another very important development, the largest digital currencies succeeded in correcting the path to jump to the highest levels of $44,000, as it approached, during yesterday’s trading, the levels of $45,000.
The current levels of Bitcoin are the highest from February 10, when it was trading near the 45 thousand dollars, while it rose during today’s trading near the levels of 44.9 thousand dollars.
The index of Bitcoin’s dominance of the crypto market capitalization jumped to levels near 42% as the market capitalization of the largest cryptocurrency reached levels near $ 850 billion.
Bitcoin is rising at the moment of writing less than 1% at levels of 44.7 thousand dollars, while it is rising within the range of 7% in a week and by 17% in thirty days.
Urgent: Very important news
Altcoins
Ethereum, the largest altcoin, extended its gains to jump near the levels of $3.15 thousand, while rising around 8% in a week and by more than 20% in thirty days.
Binance Coin rose above the levels of $ 400 to reach $ 416, while it rises 5% within a week and by 15% within thirty days, while its market value exceeded $ 81 billion.
Ripple rose 1% now at levels of $0.837, while rising 3% in a week, and Solana exceeded the levels of $100, reaching $101.5, while rising 12% in a week.
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Terra Lunat/USD is still far from the 100 levels, as it is now rising less than 1% at the $90 levels while declining around 4% within a week.
Luna is behind Solana and Cardano, which is ranked 7th among cryptocurrencies after rising 27% within a week, with a market value approaching $40 billion.
Dogecoin is up around 7% after Elon Musk tweeted about a new Twitter-style platform he could launch with tips for the famous meme coin.
Urgent: Very good news