Crypto Currency News

Bitcoin price recovers and targets $ 60,000 again

As predicted by various analysts, the price of Bitcoin rebounded after a fall that took it to 50,000 dollars per coin. Now, the crypto currency begins the new week exceeding USD 58,000 and seems to be aiming again to challenge the historical maximum imposed a few weeks ago, above $ 60,000.

So far this Monday, March 29, the price of Bitcoin has raised more than $ 2,300, exceeding a 4% increase, according to Trading View records. Bitcoin opened the day below USD 56,000 – which had become a resistance in recent days – and at the time of writing this article is above $ 58,100.

Compared to the lowest point during the past week, just over $ 50,000, the price of Bitcoin has risen a little less than 16%, in what seems to begin to reverse the downward behavior of the last two weeks, with a pair of red weekly candles on the chart displayed by Trading View.

Although the recovery was expected, there are those who attribute this Monday’s rise to a particular piece of news: piece of Visa incorporating crypto currency transactions into its payment system. The multinational financial services company settled for the first time a transaction with the stable coin USDC, through the Ethereum block chain.

And although Bitcoin has not been touched at the moment, Visa’s arrival in the crypto currency environment may have impacted its market, dominated by the crypto currency created by Satoshi.

For now, the only certainty is that the crypto currency seems to have returned to the goal of setting new all-time highs (ATH) and that the upward cycle does not stop, as reported by INA. Currently, the milestone to break is $ 61,711, a price marked as ATH according to Coin Gecko records.

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