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An increase in the atmosphere on the stock markets contributed to the strengthening of bitcoin, which exceeded the $73,000 mark
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An increase in the atmosphere on the stock markets contributed to the strengthening of bitcoin, which exceeded the $73,000 mark

Mar 14, 2024

Stock markets are awaiting the publication of data on consumer inflation in the United States. Such information will be presented tonight, and analysts predict a 0.2% increase in prices in February, according to CNBC.

Economists surveyed by Dow Jones agree that the authorities have managed to keep inflation within acceptable limits.

Stock markets in Asia and Europe strengthened on Thursday, March 14. For example, the Euro Stoxx 600 composite index increased by 0.3% on the day.

Cryptocurrencies are also showing slight growth. Bitcoin strengthened to $73,268. Ether (ETH) rose 0.5% to reach $3,983, while Binance Coin (BNB) added 6% to reach $611.23.

Santiment notes the activation of long-term investors in the BTC network after rising above $70,000. Bitcoins that have been in the passive for the past few years have started to move.

Usually, the redistribution of funds between long-term wallets precedes an increase in volatility.

The largest movement of BTC is being noted on the Coinbase exchange, and analysts suggest that the bullish trend is just beginning to develop. It is expected to reach the $80,000 mark by the end of March.

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