Bitcoin approached its 2022 price high on 28 March following a crypto market surge
(Getty Images)
After a meteoric rise throughout the month of March, bitcoin appears to have settled just below its record price high for 2022 of $48,000.
The world’s most valuable cryptocurrency is enjoying a rare moment of stability at the start of the week, shifting by less than 1 per cent over the last 24 hours.
Other leading cryptocurrencies, including Ethereum (ETH), Binance Coin (BNB) and Ripple (XRP), have all mirrored bitcoin’s movements, with only Cardano (ADA) seeing any gains over the weekend.
The crypto market calm could be about to come to an end, according to some analysts, who anticipate major announcements at Bitcoin 2022 this week.
Dubbed as the largest bitcoin conference in history, the Miami event is the same one that El Salvador President Nayib Bukele announced last year that his country would be adopting BTC as a legal form of tender.
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Anthony Cuthbertson4 April 2022 10:27
