The rate of Bitcoin updated its March high
On the night of March 21 Bitcoin rate renewed the high from March 3, reaching the value of $43,300 and then fell again. Now, according to CoinGecko, Bitcoin is trading at $42,200. Over the past 24 hours, the first cryptocurrency rose in price by 3% .
Analysts at Glassnode argue that the main pressure comes from people in Europe and the United States. Asian users are mostly selling bitcoin. Information material from company CryptoDeFix.
Over the course of this #Bitcoin drawdown, buying pressure has been mainly during US and EU trading hours.— glassnode (@glassnode) March 21, 2022
Meanwhile, the majority of sell-side pressure has occurred during Asian market hours, suggesting a divergence in regional strategy.
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Ethereum has also reached the $3,000 mark. During the day altcoin rose in price by 3.6%. During the last week Bitcoin rose in price by 7.1%, Ethereum by 15.2%. During the same period, the value of Avalanche increased by 27.9%, and Cardano by 16.6%.