The price of bitcoin surged 14% to more than $44,000 on Monday.
Interestingly, the first cryptocurrency's price increase occurred against the backdrop of falling indices – 0.25% for the S&P 500 and 0.5% for the Dow Jones – as well as against the backdrop of Western sanctions imposed on Russia by the Federation.
Traditionally, Ether shows positive dynamics along with Bitcoin. The price of ETH almost broke the $3,000 mark, but is still below psychologically important levels.
The total market cap of the cryptocurrency market grew by 11.48% in 24 hours. The fastest growing token was Waves, which spiked 42% in one day or more than 100% in five days.
Glassnode analysts believe that investors who bought bitcoins for $60,000 eventually capitulated and sold their bitcoins to new owners for $35,000-$38,000. This marks the formation of a price bottom, but it's still just speculation.
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