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The Bitcoin price has soared in recent weeks. BTC is up almost 24% from the week of March 18, 2022 to the current weekly high. A fresh 2022 high is projected to close above the January open, turning Bitcoin bullish for 2022.
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Market capitalization in the global cryptocurrency sector increased by more than 1 percent to $2.01 trillion in the previous 24 hours, but trade volumes fell by roughly 31 percent to $60.94 billion from $88.28 billion, according to CoinMarketCap.
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Bitcoin investors will be hopeful that the $40,000 barrier may be broken.
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BTC was swiftly nearing its support level of $40,000 on Friday, after three consecutive sessions of falls, as markets awaited for February's nonfarm payrolls report. This occurred when ETH dropped as well, nearing its own bottom of $2,500 in the process.
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The Bitcoin price has soared in recent weeks. BTC is up almost 24% from the week of March 18, 2022 to the current weekly high. A fresh 2022 high is projected to close above the January open, turning Bitcoin bullish for 2022.
