news Crypto is starting the bullish trend... really now? For March 2022

[kyoukage01 3181]

The fearful and bearish market that started back at December last year has already lasted for almost a whole quarter year. But just today, a sudden spike in crypto prices is happening, even at this very moment.

 

Just look at the chart below for the crypto prices and stats from Coinbase as an example.

 

source: https://www.coinbase.com/price for March 1, 2022 (one day setting)

 

I don't know how much information I can give at this time due to this forum's policy of not posting any political messages, so you'll have to make do with the link I'll leave below. You may want to try searching on google for the rest.

 

Spoiler

Crypto Market Surge Continues as Bitcoin Tops $43K, Ethereum Nears $3K

It’s green all over as this morning’s crypto market uptick turns into a dramatic leap for many top coins.

By Andrew Hayward

 

This morning’s rise in prices across the cryptocurrency market wasn’t a short-lived blip: the price of Bitcoin, Ethereum, and other top coins has continued to accelerate over the course of the day, with Bitcoin rising above $43,000 and Ethereum eyeing a move back towards $3,000.

 

As of this writing, Bitcoin is now up nearly 15% over the last 24 hours at a current price of $43,291 per CoinMarketCap. Bitcoin’s price sat under $38,000 this time yesterday, and had fallen as low as $34,459 over the past week.

 

Meanwhile, Ethereum has popped back above $2,900 for the first time in 10 days, at a current price of $2,902. The second-largest cryptocurrency is flirting with a move back above $3,000, which it last touched on February 17. Ethereum is up 11% over the past 24 hours.

 

That matches the wider cryptocurrency market cap increase seen over the last 24 hours, as the market currently sits above $1.9 trillion in total.

 

Bitcoin and the wider crypto market saw a steep and sudden decline last week after Russia invaded Ukraine, ratcheting up the geopolitical tension. However, as Western nations have banded together against Russia and implemented sanctions on the aggressor, the markets are starting to tick back up—and quite rapidly this afternoon.

 

Additionally, amid sanctions and reports that citizens in Russia and Ukraine alike are having trouble accessing traditional banking and financial services, the turmoil may be making the case for decentralized currencies that cannot be controlled by a government.

 

Terra is the biggest winner in the top 10 crypto coins by market cap, rising a staggering 25% over the last 24 hours to a current price of nearly $90. Solana has also seen a larger-than-average increase, up 17% over the last day at a price of $99.

source: https://decrypt.co/94055/crypto-market-surge-bitcoin-tops-43k-ethereum-3k

 

If this trend continues, then this might finally be the start of the bull season. Whether or not this will last though will depend on how the hodlers will handle selling their assets. Too many supply of crypto will just swamp the demand and bring the bull to a halt after all.

 

What do you think? Is this the start of a bullish trend for this year? And what are you going to do about it?

 

P.S. Be wary of any political comments you might post.

 

Update: The bullish trend didn't even lasted for more than 3 days, as the market took another quick dive into the fear ratings soon after.

 

Edited March 31, 2022 by kyoukage01