Bitcoin Hit $45000 and the Market Value of Cryptocurrency Regained $2 trillion

Written by C, Fiona

Last updated: 2022-03-28

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As bitcoin jumped to $45000, the market value of cryptocurrency exceeded $2 trillion for the first time in a while.Bitcoin continued to climb yesterday and registered a three week high just above $45000. Although from the daily perspective, most alternative currencies have lost some attraction, the market value of cryptocurrency has regained the enviable $2 trillion mark.

Bitcoin hit $45000

Over the past few days, the price trajectory of bitcoin has been mainly upward. The asset frightened bulls on Monday. It may fall below $40000 for the first time in a week, but they regained control of the market and pushed BTC to the north.

As a result, bitcoin jumped by thousands of dollars to more than $43000. In the following 24 hours, after a brief correction, BTC resumed its offensive and recovered $44000, as reported yesterday.

The upward trend has continued in the past 24 hours, with cryptocurrency reaching and briefly exceeding $45000. This became its highest price tag since March 2.

So far, the transaction price of BTC is about $44500, but its dominant position in alternative currencies has increased slightly to just over 42%. Its market value is close to $850 billion.