Bitcoin soared today!!!

Bitcoin soared in the early afternoon of this Monday, 26th, after days of flatness in the cryptocurrency market. Data from CoinGecko shows that the largest cryptocurrency in the world registered an increase of 5.4% in the last 24 hours, quoted at US$54,360. The sector as a whole accumulated an appreciation of 3.4% in the same period.

João Galhardo, cryptocurrency analyst, states that "after remaining in a lateralization phase for approximately two weeks, bitcoin showed a significant upward movement, surpassing the upper band of the range with an appreciation of more than 4%".

For the weekly analysis, we observed bitcoin operating in a clear consolidation, with limits between US$52,400 and US$51 thousand. This price range reflects common market behavior, demonstrating exhaustion after the 20% appreciation that began in early February.”

Ether, the native cryptocurrency of the Ethereum network, is quoted at US$3,154, up 3.5% in the last 24 hours. Year to date, the second largest crypto by market capitalization is up 35%.

“In contrast, ether demonstrates a distinct upward trend, potentially driven by early pricing of drivers such as the Dencun upgrade, scheduled for March 13, which will significantly reduce the costs of utilizing rollups such as Optimism and Arbitrum,”