Cryptocurrency (Mar 09, 2021 01:00AM ET)
NFT-related altcoins hit new highs after Bitcoin price rallies to $53K
The cryptocurrency market saw an influx of activity on March 8 that provided a lift to the vast majority of the top tokens as the world celebrates International Women’s Day.
Bitcoin’s (BTC) recovery back above $50,000 was followed by a new wave of bullish optimism and analysis from Bloomberg senior commodity strategist Mike McGlone suggested that Bitcoin is pushing gold aside as a store of value in investors’ portfolios.BTC/USDT 4-hour chart. Source: TradingViewBitcoin balance at all exchanges. Source: glassnodeTHETA/USDT vs. UOS/USDT vs. ENJ/USDT 4-hour chart. Source: TradingViewDaily cryptocurrency market performance. Source: Coin360