Cryptocurrency prices continued to rise today, Sunday, March 20, 2022, and Bitcoin returned to the fore following increasing demand for it in the face of inflation.
Bitcoin blockchain data indicates that a number of long-term holders of the popular currency are making intense and ambiguous purchases.
The market value of cryptocurrencies increased during Sunday’s trading by 0.53% to reach $1.89 trillion, with a volume of trades during the last 24 hours amounting to $82.60 billion.
Bitcoin price today
The price of Bitcoin (BTC), the “world’s largest cryptocurrency,” jumped 0.59% to $4,2009, and its market cap rose to $795.97 billion.
Bitcoin (BTC) is expected to see a “bigger movement” as early as this week.
In the latest market update, the trading group Decentrader told readers that the time will soon come to “release” liquidity as Bitcoin price action goes up or down.
During an appearance last Tuesday on Bloomberg TV, Galaxy Digital CEO Mike Novogratz predicted that Bitcoin (the world’s largest cryptocurrency) would reach $500,000 within five years.
The highest level that Bitcoin reached on November 10 was at $68,992.
Cryptocurrency rates today
The price of the Ethereum coin (ETH) decreased by 0.12%, to record $2,933.78.
Ripple XRP price increased by 0.18% to $0.816 levels.
The price of the Terra Luna currency LUNA/USD increased by 5.35%, to record levels of $92.97.
The Cardano coin fell 5.07% to $0.9155.
And the Solana price gained 1.64% to the level of $91.55.
The price of Polkadot rose by 1.79% to levels of $ 19.36.
Dogecoin DOGE/USD increased by 3.15% to $0.122 levels.