Bitcoin Turns Positive For 2022

With Bitcoin over $47,000 today we expect to see an upward rally. Price as I type is $47,525 and has erased any and all losses from 2022.

The price of bitcoin jumped Monday following a slew of bullish developments for the cryptocurrency, even as investors continue to monitor developments in the war in Ukraine and moves by the Federal Reserve.

Bitcoin extended gains from a late Sunday rally, when the cryptocurrency broke past the key level of $45,000 and erased its losses for 2022. It last traded more than 6% higher at $47,680.43, according to Coin Metrics. Earlier in the day it touched $47,754.31, its highest level since Jan. 2.

The digital currency has been rising since Friday, gaining nearly 7% in that time.

Master Asked on March 28, 2022 in Bitcoin.
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