On Monday, the price of the first cryptocurrency increased by 4%. At the end of the trading session, the BTC reported a mark of $48,000, having updated the highs of early January. The coin also traded at $47,885.
Leading altcoins willingly adopted the trend of the main virtual asset and also began to actively strengthen.
As a result, over the past 24 hours, the Ethereum token has gained 5.6%, Binance Coin has gained 3.8%, and the Avalanche coin has skyrocketed 8.6%.
According to the world's largest virtual asset data aggregator CoinGecko, over the past day, the total capitalization of the crypto market increased by 6.7% to $2.26 trillion, while the market capitalization of bitcoin reached $902 billion.
By the way, the ascent of the global crypto market to above $2 trillion was catastrophically difficult and slow. An important stimulus here was the overall growth in the number of coins and tokens in the market. According to the CoinMarketCap portal, from November 2021 to the present day, their number has increased by almost 5,000 to 18,511 cryptocurrencies.
The Bitcoin dominance index sank by 0.3% to 40.3%, while the fear and greed indicator, on the contrary, soared by 11 points over the past 24 hours to 60 points. The last indicator has also fallen to 56 points.
The main stimulus for the spectacular growth of BTC was the confident rise in key stock indices. Thus, the correlation of digital gold with the leading US exchange indicator S&P 500 recently reached a 17-month high.
At the same time, the stability of bitcoin contrasts sharply with the state of traditional currencies and gold, which were shocked by the military conflict in the east of Europe and the tightening of monetary policy by the US Federal Reserve.
