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.
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.