On Wednesday, March 3, bitcoin (EXANTE: Bitcoin) is back above the $50,000 mark for this first time over the past six days. As of press time, BTC/USD is trading at $52,152 (+6.37%).
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Chart of the USD/BTC trading pair from EXANTE
Ether (ETH) also surges by 5.20% up to $1,650. The third cryptocurrency by market cap, cardano (ADA), follows the trend with a 2.20% increase and is now trading at $1.26. Analysts at FxPro say buyers considered the price levels around $43,000 to be a good discount, which became a good sign for bitcoin (EXANTE: Bitcoin) and the cryptocurrency market as a whole. The Greed and Fear Index showed a sharp jump by 40 points at once to a value of 78, which corresponds to the "extreme greed" mode.
As iHodl earlier reported, Binance made a strategic investment in Multicoin Capital, a cryptocurrency & blockchain investment firm, as institutional interest grows beyond bitcoin.
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