Coingrowbit: Bitcoin and altcoins are off to a record high on the back of a positive economic backdrop * Crypto News Today
Coingrowbit
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Cryptocurrencies capitalization surpassed $2 trillion for the first time in March and have all chances to finish the week above February’s highs. Negative geopolitical factors were offset by positive economic statistics: weekly unemployment in the U.S. was at its lowest since 1969, business activity indices of developed countries increased instead of the decline predicted by analysts, Coingrowbit said.

A positive backdrop has brought Bitcoin closer to the $45,000 level, with most large altcoins poised to take the highs of the year.

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Coingrowbit analysts say investors are buying cryptocurrencies in anticipation of quarterly corporate earnings releases. Analysts expect corporate profits to rise due to the lifting of coronavirus restrictions. A number of experts predict an increase in the number of corporations investing in Bitcoin and altcoins.

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