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The bitcoin rate began to strengthen the night before. The US stock indexes Nasdaq and S&P 500 rose following the session on April 13.
The crypto market is gaining momentum today against the backdrop of improved sentiment in the camp of traders, who again began to test the possibilities of risky assets. The BTC rate on Thursday, April 14, strengthened to $41,300. In 24 hours, the capitalization of the largest digital currency increased by 2.75% to $783.227 billion.
Ether (ETH) and Binance Coin (BNB) rose during the Asian session to $3,111 and $421, respectively. Avalanche (AVAX) and Terra (LUNA) performed best of the top ten altcoins, gaining 4% to $80.78 and $88.55. The capitalization of the crypto market increased during European trading to $1.91 trillion.
According to OANDA strategist Edward Moya, bitcoin is gaining in value thanks to capital inflows into technology stocks. However, the expert doubts that BTC is likely to trade in a tight range.
Tentatively, Moya points to a range of $38,000 to $48,000 in the current cycle.
The analyst emphasized:
Bitcoin looks set to trade in the $38,000 to $48,000 range as equities will have limited gains this earnings season given heightened geopolitical and inflationary risks for U.S. corporations.
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