• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

What is Proof-of-Authority (POA) Consensus in Blockchain?

2025-05-10

What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

2025-05-09

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What is Proof-of-Authority (POA) Consensus in Blockchain?

    2025-05-10

    What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

    2025-05-09

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    2025-05-03

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    2025-05-02

    What Is a Layer-0 Blockchain Protocol?

    2025-05-02
  • Market Cap
  • Shop
Crypto Semantic
Home»Altcoins»Bitcoin Records 72% Gain In 2023: BTC Price Surpasses ETH, Gold & NASDAQ
Altcoins

Bitcoin Records 72% Gain In 2023: BTC Price Surpasses ETH, Gold & NASDAQ

2023-03-29No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin (BTC) has made a outstanding comeback in 2023, attaining its greatest quarterly acquire in two years with a 72% improve thus far this 12 months, as per the most recent replace. On the time of writing, the worth of BTC is $28,398, elevating the cryptocurrency’s market capitalization to $542 billion, pushing it forward of different competing belongings, together with the world’s largest altcoin Ethereum (ETH), Gold, and Nasdaq.

Causes for the BTC Rally

The current uptrend may be attributed to hypothesis that central banks, led by the Federal Reserve, will abandon their aggressive fee will increase in response to recession alerts. This has fueled a rise in leveraged threat in BTC within the derivatives market. Moreover, the funding charges for Bitcoin reveal a spike, indicating a optimistic sentiment amongst market members.

Technical Evaluation

In accordance with technical evaluation, the king of cryptocurrencies has additional upside potential. BTC is presently in an uptrend, with no vital deviation in its Relative Power Index (RSI). The value can also be above two key Exponential Transferring Averages (EMAs), that are anticipated to function help within the occasion of a worth decline.

Resistance ranges for BTC are seen at $28,784, a key degree, and the weekly excessive at $29,380, which coincides with the 38.2% Fibonacci Retracement degree.

As soon as BTC worth crosses these ranges, it may proceed its climb in the direction of the goal of $30,040, a degree that beforehand acted as help for Bitcoin throughout mid-2022. Help ranges for BTC are seen at $26,888, adopted by the month-to-month excessive at $25,270 and low at $21,376 within the occasion of a decline within the asset.

See also  Market sees $1B in liquidations as Bitcoin, Ethereum plunge

Merchants Anticipate US Macroeconomic Knowledge Print

Merchants are anticipating the macroeconomic information print from the US on March 31, making ready for potential shopping for alternatives ought to the draw back enter once more. In the meantime, BTC worth motion has successfully erased any hint of losses engendered by the information that the biggest crypto trade, Binance, was being focused by US regulators. Let’s see the way it performs after the Fed assembly.



Source link

Bitcoin BTC ETH Gain Gold Nasdaq Price Records Surpasses
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin vs. Altcoins: What Are The Differences?

2025-02-26

What Can You Buy with Bitcoin? Everything You Need to Know

2025-02-14

Ethereum vs Bitcoin: Difference Between this Cryptocurrencies

2025-02-07

Uniswap (UNI) Price Prediction 2025 2026 2027

2025-01-08
Add A Comment

Leave A Reply Cancel Reply

Top Posts
DeFi

KyberSwap Integrated Arbitrum’s AMM Protocol Chronos To Expand New Liquidity

2023-06-05

DeFi This integration goals to increase KyberSwap liquidity and enhance transaction effectivity. KyberSwap is Kyber…

Bitcoin

Bitcoin: Short-term holders are in panic, should you follow suit?

2024-04-04

Brief-term Bitcoin holders started to promote their holdings. Curiosity in Bitcoin ETFs remained excessive regardless…

Blockchain

SubQuery Partners with SteakHut to Revolutionize Blockchain Data Analysis

2024-02-27

SubQuery, a number one decentralized knowledge indexing firm, has partnered with SteakHut. It’s a DeFi…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Bitcoin To Surpass Gold And Silver Within A Decade

2023-10-15

Will Bitcoin whales help BTC cross $60K?

2024-03-01

Asset Management Giant BlackRock Drops Bitcoin ETF Commercial Following Groundbreaking SEC Approval Last Week

2024-01-17

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$104,367.000.54%
  • ethereumEthereum(ETH)$2,516.764.68%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.37-1.42%
  • binancecoinBNB(BNB)$657.99-0.32%
  • solanaSolana(SOL)$174.401.66%
  • usd-coinUSDC(USDC)$1.000.00%
  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$104,367.000.54%
  • ethereumEthereum(ETH)$2,516.764.68%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.37-1.42%
  • binancecoinBNB(BNB)$657.99-0.32%
  • solanaSolana(SOL)$174.401.66%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 104,296.94
ethereum
Ethereum (ETH) $ 2,512.80
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.37
bnb
BNB (BNB) $ 658.53
solana
Solana (SOL) $ 174.29
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.233711
cardano
Cardano (ADA) $ 0.798903
tron
TRON (TRX) $ 0.262078
bitcoin
Bitcoin (BTC) $ 104,296.94
ethereum
Ethereum (ETH) $ 2,512.80
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.37
bnb
BNB (BNB) $ 658.53
solana
Solana (SOL) $ 174.29
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.233711
cardano
Cardano (ADA) $ 0.798903
tron
TRON (TRX) $ 0.262078