bt-crow.com
04 March 2022 08:36, UTC
Reading time: ~2 m
On the eve of the bitcoin network, there was a high transactional activity of investors. According to the BitinfoCharts service, the daily number of transactions on the eve was very close to 290,000.
BTC last Thursday again tried to reach $45,000, but in the evening its value began to fall following the weakening of traders’ activity.
Today, the average daily number of transactions has decreased to 268,000, and the bitcoin rate has fallen to $41,600. The capitalization of the leading digital currency has decreased over the past 24 hours by 4.5% to $786.577 billion.
Altcoins are mostly traded in the red zone today. Ether (ETH) and Binance Coin (BNB) fell to $2,746 and $396, respectively. XRP, Cardano (ADA), Solana (SOL) and Avalanche (AVAX) fell 4% to $0.741, $0.881, $92.59 and $78.12. The capitalization of the crypto market on Friday, March 4, decreased to $1.833 trillion.
According to analysts, in the coming days, bitcoin is unlikely to be able to break the resistance around $45,000. However, one should not expect it to fall below $40,000 either. A strong support zone is expected here.
The consolidation phase has dragged on, but reaching $46,000 and $50,000 is possible by mid-March.
#Bitcoin #falls #weakening #activity #traders
