On Tuesday, the value of the most popular cryptocurrency continues to grow, reaching $30,357 for the first time since June 10 last year. In total, since the beginning of the year, the digital currency has soared in price by 81%. The current bitcoin quote is $30,066. From the point of view of technical analysis, the next targets for the cryptocurrency may be the levels of $30,800 and $31,200. The asset is supported by the fact that some investors perceive cryptocurrencies as a protective asset and invest in it against the background of the banking crisis. Analysts also believe that there has been an influx of liquidity from Asia, especially from Asian high-tech companies that are looking for where to invest their funds. Additional support for bitcoin is also provided by expectations of data on consumer prices in the United States for March: inflation statistics will be released tomorrow, April 12. Other large tokens are also showing growth: +3.3% for Ethereum, +5.6% for Solana, +1.8% for Dogecoin. The growth of the crypto market began last autumn. In October, bitcoin was valued at $17,000. After a long recession, a sharp rise began – and already in January, the cryptocurrency rose to $ 23,300 (an increase of 35%). At the end of January, the capitalization of BTC was $447 billion, now it is $564.73 billion.
