Bitcoin Hit $48000 and Terra Reached an All-Time High of More Than $100

Written by C, Fiona

Last updated: 2022-03-30

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Terra hit an all-time high of more than $100, while Waves soared more than 60% to more than $50 in one day.

Bitcoin‘s recent price appreciation has continued over the past 24 hours, with the asset hitting and briefly exceeding $48000 for the first time in months. Most alternative currencies have calmed down, but Terra broke through $100 and hit an all-time high.

Bitcoin Hit $48000

The past few days have been highly positive for major cryptocurrencies as bulls have maintained a foothold in the market. It all started a week ago, when BTC was close to falling below $40000, but the asset rebounded quite decisively, adding $2000 in a few hours.

After several days of consolidation, bitcoin launched another offensive and hit $45000 on March 25. This situation is repeated again. BTC began to soar again late Sunday and early Monday.
The cryptocurrency soared to nearly $48000 for the first time since the beginning of this year, leaving more than $400 million in clearing every day. It failed to break through this level at first, but a few hours later, bulls pushed it north again. This time, BTC briefly exceeded $48000, a three-month high.

So far, it has pulled back hundreds of dollars, standing at about $47500. However, its market value is just over $900 billion.

New ATH of Terra

The alternative currency also imitated the performance of BTC yesterday, and all prices rose significantly. But now, most have calmed down. Ethereum has risen another 3% in the past 24 hours and soared above $3400. This is the asset’s highest price tag since early January. Binance coin, ripple, Cardano, Solana and avalanche also appear slightly green. Shiba Inu rose about 5% on the same day, close to US $0.00003. In contrast, Polkadot and dogecoin produced slight losses.

Terra is the largest increase in large cap stock tokens. Luna soared another 9% and broke through $100. As a result, the asset hit an all-time high of $105 earlier today.
Waves surged the most out of the top 100 after growing 60% in a day. As a result, waves has hit $50. More revenue comes from loopring 16%, compound (14%) and thorchain (13%).
The market value of cryptocurrency has increased a little, and now it is $2.150 trillion.