The prices of cryptocurrencies rose today, Saturday, March 19, 2022, and Bitcoin returned to the fore after increasing its demand in the face of inflation.
Data from the Bitcoin blockchain indicates that several long-term holders of the popular coin are making intense and ambiguous purchases.
The market value of cryptocurrencies increased during trading on Saturday by 3.37% to reach $1.88 trillion, with trading volume over the last 24 hours amounting to $91.49 billion.
Bitcoin price today
The price of Bitcoin (BTC), the world’s largest cryptocurrency, jumped 2.60% to $41,658.43, and its market value amounted to $790.885 billion.
Bitcoin (BTC) is expected to see a “bigger move” as soon as this week.
In the latest market update, trading group Decentrader told readers that it will soon be time to “unleash” liquidity as Bitcoin price action rises or falls.
During an appearance on Bloomberg TV on Tuesday, Galaxy Digital CEO Mike Novogratz predicted that Bitcoin (the world’s largest cryptocurrency) would hit $500,000 in five years.
The highest level Bitcoin reached on November 10 was $68,992.
Cryptocurrency rates today
The price of Ethereum (ETH) rose 4.94% to a record high of $2,942.75.
And Ripple XRP price increased by 3.37% to levels of $0.812.
The price of the Terra Luna coin LUNA/USD increased by 6.28%, to record levels of $88.89.
Cardano coin fell 4.02% to $0.8611.
And Solana price gained 1.18% at the $85.74 level.
Polkadot price rose 3.44% to levels of $19.11.
Dogecoin DOGE/USD is up 5.43% at $0.121 levels.