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2:20
Bitcoin exceeds 40,000 USD and main altcoins are on the rise
This time after many days of quiet, bitcoin exceeds 40,500 USD, while the rest of the alcoints are on the rise. The event is due to large and surprising movements in the Asian markets, something a bit peculiar.
It is impressive how cryptocurrencies are gaining ground as geopolitical problems are seen with the naked eye.
Not only wars or health problems could cause the rise of some digital assets to skyrocket, but also the economic change that the entire world presents with respect to digital commerce.
We are right at the most important point in the story, is it possible to consider cryptocurrencies, especially bitcoin, as a haven of active money?
This is one of the most interesting questions in this first quarter of the year, where more and more countries are voting in favor of the legal tender of cryptocurrencies.
In addition to this, we consider the operation that these are carrying out with the different civil-military problems (Ukraine-Russia) and the acceptance of these nations in inclination to the crypto world.
Major Events Continue to Support Cryptocurrency Adoption
We know that many ruled out the possibility of seeing how cryptocurrencies became legal assets. However, history has been in charge of opening the most relevant spaces for them in the most imposing situations.
There are many positions to highlight from the induction of cryptocurrencies in the world markets. Large payment gateways, countries that accept them as legal tender, backing of funds as refuge assets.
We have seen its use as a method of donations for war conflicts, use for regular electronic commerce, in short, it is already basically the day of commerce of people in many parts of the world.
Bitcoin and major altcoins on the rise
Definitely, once bitcoin got the boost after two weeks in the even, major alcoints also jumped in and went higher. A privilege for short-term traders who are always on the lookout for these big pushes.
As good analysts we understand that in recent months the markets have been very volatile and nothing is really predictable, therefore, we continue to urge the famous short trades and continuous chart analysis to validate these substantial movements.
