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Bitcoin bulls (BTC) seem to have found their momentum as the price of BTC has recaptured the $49,000 level in the past hour.

On the second. In March, the price fell to $47,000, but the BTC is currently trading above its 20-day moving average. The bulls are likely to make another attempt to break through $50,000 resistance and a sustained rally on high volume could push the price up to $52,000, where the close of the day will confirm that the bulls are back in control.

Daily indicators for the cryptocurrency market. Source: room360

Although Bitcoin is struggling to break through the $50,000 a day barrier, positive news continues to flow.

Shark Tank businessman and star Kevin O’Leary, who once called Bitcoin a giant hamburger with nothing, revealed that 3% of his portfolio is invested in Bitcoin and O’Leary plans to invest in sustainable mining in the future.

The promotion of an Exchange Traded Fund for Bitcoins (ETF) is also making headlines after the successful launch of an ETF for Bitcoins in Canada. Evolve Funds Group said it is now seeking approval for the Ether ETF product in Canada, after becoming the second company to receive Bitcoin ETF listing approval in February.

In the United States, the Chicago Board Options Exchange (CBOE) hopes that the Canadian approval of the ETF will help its 3. The application for listing of ETF Van Eck Bitcoin, submitted in January this year, provides a new impetus after all its attempts to go public in 2017 were rejected.

Traditional markets cool while alltoids grow.

Traditional financial markets experienced difficulties at 2. The month of March was marked by pressure and cooling trade after Monday’s rally, which left the S&P 500 recording its best performance since June 2020.

The NASDAQ, Dow and S&P 500 closed the day down 1.69%, 0.41% and 0.74%, respectively, while the yield on 10-year U.S. government bonds also fell further from last week.

Several Altcoin projects have made significant announcements that have helped increase their token value.

Sony Europe has announced that it has joined the Theta Network Validator Program (THETA). Following this announcement, the TETA price rose 15.31% to $3.70, while the TFUEL gas token reached a new record of $0.144.

4-hour THETA/USDT card. Source : TradingView

Meanwhile, the launch of Aavegochi’s backbone network (GHST) was accompanied by the first platform portal crash, selling 10,000 NFT portals in less than a minute. Following the successful launch and sale of NFT, the price of GHST has increased by 15% to a new record high of $1.79.

Day ticketBTC/USD. Source: room360

The total market capitalization of cryptocurrents is currently $1.51 trillion and Bitcoin dominates with 60.7%.

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