Global markets were surprised and at the same time feared the continued growth of cryptocurrencies throughout February. Experts predicted a prolonged price correction for digital assets, which will stabilize the performance of the major coins. Everyone believed that the price adjustment would begin in the spring, and crypto assets would continue to grow until the end of February. This assumption turned out to be wrong, and thousands of retailers around the world felt losses from the price correction and high volatility of cryptocurrencies at the end of February.
In early March, there were hints of hope in the quotes of digital assets, which were overshadowed by increased volatility. In the first week of spring, the main cryptocurrencies were in uneven growth, making jumps in value up and down. Despite this, the market was enveloped in a warm blanket of high-profile announcements, investment injections, and new research on digital currencies.
As a result, the second week of March began with a strong growth of the main digital assets, which began to approach historical levels. For example, bitcoin overcame the main resistance of the market at the psychological mark of $50,000, and the current indicators of the main cryptocurrency breathe in the back of the historical record, being at the level of $56,800.
Things are a little worse for ethereum, given that the currency has only recently passed its psychological milestone of $1,800. At the same time, the cryptocurrency cannot fully gain a foothold on this indicator and over the past day fell to $1,700. However, as of 13:00 UTC, the digital asset shows rapid growth without any drawdowns.
Meanwhile, good news finally came from Ripple, which announced the end of the lawsuit with YouTube over the fake distribution of XRP tokens. Against the background of this news, the token shows a steady growth over the past day and now confidently holds at the level of $0.454.
Another cryptocurrency has reached a critical milestone. Litecoin is holding at $200, but can't continue to grow, as it constantly rolls back to $190. The coin has been fluctuating for the second day, and it seems that the LTC historical record will not be broken until the end of the week.
Major cryptocurrencies have overcome stiff market resistance in certain positions and are now ready for continuous growth. By the end of the week, Bitcoin will overcome the $60,000 mark, and ETH is less likely to break through the $2,000 mark. Other cryptocurrencies are still far from their peaks, but one cannot fail to note the healthy growth of the market, which is supported by positive news and loud announcements. The cryptocurrency market starts spring full of hopes for a significant update of historical records.
