metaltrading

More than profitable week for all cryptocurrencies with often double-digit earnings and with the breaking of the period highs for Bitcoin and Ethereum

After a slight decline in the weekend between Saturday and Sunday, this week has however given signals of a very positive trend: Bitcoin + 5%, Ethereum + 10%.

This week has been bullish for almost all cryptocurrencies, in particular Bitcoin gained around 5% to reach $ 40,817 and Ethereum about 6% to reach $ 2,760.

Also this week the scenario remains unchanged with the war in Ukraine and inflation dominating.

The main themes of this March 2022 create a lot of turmoil for all financial assets including cryptocurrencies.

This week the winds of war in Ukraine have created turbulence on all the financial markets in the world: cryptocurrencies cannot be exceptions

As highlighted last week, both at a geopolitical level and at a monetary policy level, uncertainties are showing no sign of diminishing.

Also this week the rise of almost all cryptocurrencies continues: as we had written in the previous report, Ethereum and Bitcoin had turned long and this indication has been confirmed.

The fear index remains high this week after the recent declines, even though Bitcoin lost 4.9% ($ 36,900), the correction of Ethereum which lost 15.4% ($ 2,420) was much more decisive.

This week, the two largest cryptocurrencies are filing a loss of around 3% albeit in a sideways context of ups and downs, with decent volatility.

Let’s start off with the usual weekly report after last week we made an excursus on the whole 2021 and annual report.

The end of 2020 and the beginning of 2021 was characterized by a strong rally in cryptocurrencies in general, which took Bitcoin from $20,000 in December 2020 to be worth $65,000. This value reached an all-time high in the $68,000 area in two periods between April and early November 2021.