The burst of investor activity in the cryptosphere at the beginning of the week was short-lived. The largest digital currency again fell below $42,000 and pulled almost all major altcoins with it.
Today’s trading in Asia was mostly in the green zone, which had a positive effect on BTC positions.
Japan’s Nikkei 225, Hong Kong’s Hang Seng, China’s CHOMP and Korea’s KOSPI gained about 0.5% on Thursday, March 24. The European market is also adding, with the Euro Stoxx 50 composite index adding 0.3%.
Capital is returning to tech stocks and cryptocurrencies have also been able to attract investment.
Bitcoin strengthened to $43,050.
The coin soared to $43,230 in Asian trading but then corrected. Ether (ETH) rose to $3035. Cardano altcoin (ADA) is showing explosive growth today. Over the past 24 hours, its price soared more than 15.3% to $1.12. ADA is approaching $38 billion.
Terra (LUNA), Solana (SOL) and Avalanche (AVAX) rose to $94.76, $96.91 and $85.24 respectively. The capitalization of the crypto market exceeds $1.96 trillion.
According to Glassnode, European and U.S. investors prefer to buy on the rise, while their Asian counterparts choose to sell off.
Based on the analysts’ research, Bitcoin’s value can be predicted to rise at least during the European and U.S. sessions. Today, BTC may try to break above $44,000.