BTC Regained Ground With The Price Nearing $45,000

BTC regained ground with the price nearing $45,000 while Ethereum is also up and most of the market had a great week so let’s read more today in our Bitcoin latest news today.

Bitcoin regained ground and continued to move ahead after the weeks of struggle and neared $45,000 which is an increase of 1% over the past 24 hours and a 19% increase over the past 30 days. The last time BTC was priced above $45,000 as per the data from CoinMarketCap. The biggest crypto by market cap struggled to hold above $40,000 the past month and increased following the equities market while it is continuing to do so. The US stock market is up as well and so in crypto. The S&P 500 index is preparing for a weekly gain of 1.4% and the NASDAQ was looking for a bigger gain of 2%. BTC is up over the past week and increased by 6% while ETH is the second biggest digital asset and increased 1% today trading for $3136, increasing 11% over the past week.

BTC has been referred to as a digital gold by analysts and a safe haven asset that will be secure once every investment struggles. It is struggling to serve a purpose other assets traditionally seen as safe haven but performed better than BTC. Somewhere else, a lot of the market is still in the red looking in its 24-hour performance and some bigger players like Cardano are down by 5.2%.

Terra is a popular network for DeFi products and it is also down by 0.5% with a price of $93.25 and but both have made major gains over the past week. The rest of the marekt tends to follow BTC when it does well and it had a decent week due to the Wall Street Annoucnement from Goldman Sachs that became the first major US Bank to make a crypto transaction. The New York-based investment bank executed an OTC transaction by buying an OTC BTC NDO from Galaxy Digital. According to some, it led to a surge in confidence from investors that see some major money and interest coming from players which is a good reason to get stuck in and put cash into crypto.