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Bitcoin price hits $27,000

by Vaibhav
March 17, 2023
in News
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Bitcoin price news

On Friday, March 17, the quotes of the first cryptocurrency tested the levels above $27,000 (paired with the dollar). Over the past day, the asset has risen in price by 7.9%, according to CoinGecko.

At the time of writing, Bitcoin is trading near the indicated level. Judging by the chart below, the growth is accompanied by a surge in trading volume.

BTCUSD_2023-03-17_15-11-51
Hourly BTC/USD chart on Binance exchange. Data: Trading View.

The second largest cryptocurrency by capitalization is holding at $1,750. In 24 hours, the growth was 5.5%.

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ETHUSD_2023-03-17_15-15-33
Hourly chart of ETH/USD exchange Binance. Data: Trading View.

Following the flagships, assets from the top 10 by capitalization moved into the green zone, with the exception of USDT and USDC.

Snimok-ekrana-2023-03-17-v-15.14.31

On March 14, bitcoin crossed the threshold of $26,000. On the same day, a report on consumer prices in the United States was released – an increase of 0.4% in monthly terms and 6% in annual terms.

Earlier, Galaxy Digital founder Mike Novogratz admitted that by the end of March, the price of bitcoin would return to $30,000.

Recall that the founder and CEO of the analytical company Messari, Ryan Selkis, predicted the growth of the first cryptocurrency to $100,000 within 12 months.

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Bitcoin price news

On Friday, March 17, the quotes of the first cryptocurrency tested the levels above $27,000 (paired with the dollar). Over the past day, the asset has risen in price by 7.9%, according to CoinGecko.

At the time of writing, Bitcoin is trading near the indicated level. Judging by the chart below, the growth is accompanied by a surge in trading volume.

BTCUSD_2023-03-17_15-11-51
Hourly BTC/USD chart on Binance exchange. Data: Trading View.

The second largest cryptocurrency by capitalization is holding at $1,750. In 24 hours, the growth was 5.5%.

ETHUSD_2023-03-17_15-15-33
Hourly chart of ETH/USD exchange Binance. Data: Trading View.

Following the flagships, assets from the top 10 by capitalization moved into the green zone, with the exception of USDT and USDC.

Snimok-ekrana-2023-03-17-v-15.14.31

On March 14, bitcoin crossed the threshold of $26,000. On the same day, a report on consumer prices in the United States was released – an increase of 0.4% in monthly terms and 6% in annual terms.

Earlier, Galaxy Digital founder Mike Novogratz admitted that by the end of March, the price of bitcoin would return to $30,000.

Recall that the founder and CEO of the analytical company Messari, Ryan Selkis, predicted the growth of the first cryptocurrency to $100,000 within 12 months.

Subscribe to Cryplogger on social networks

Found a mistake in the text? Select it and press CTRL+ENTER

Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!

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