Bitcoin finally returns above $54,000 while Ethereum reclaims $1,800

2 min readMar 10, 2021

Bitcoin jumped back at $54K while Ethereum reclaims $1,800. Meanwhile, Binance Coin returns above $300 while the total crypto market cap is up $130 Billion thanks to the big bosses.

Bitcoin has increased its value by $5,000 leading its market capitalization back at $1 trillion in just two days. The rest alternative coins have mimicked BTC’s and entered the green zone adding $130 Billion in the total market cap.

Bitcoin reclaims the coveted $54K

It is not the first time that the King of Cryptos is playing such games. The currency was struggling to find a way to escape from the psychological level of $47K. The solution came on Tuesday morning as Bitcoin managed to reclaim the resistance line of $50K.

The game was not over yet as BTC added another $4,500 at its value and jumped at $54,500 where it currently hovers. This is probably the highest price tag in the last 20 days. Analysts feel confident for another bull run that could lead the price back at its last All-Time High record.

Bitcoin price analysis. Source: BitStamp

Alts mostly in green

Most larger-cap altcoins have mimicked BTC’s behavior increasing significantly their value. The world’s second largest cryptocurrency, Ethereum holds the momentum and remains still above $1,800.

Cardano is up 3.5% and currently trades at around $1.18. Polkadot has marked some impressive gains leading the price above $38 and sets new plans for $40.

Polygon surged by 50% and led its price at $0.335 after the breaking news that Coinbase is about to list the asset.

Polygon price analysis. Source: CoinMarketCap

Ripple and Chainlink are down -2% and -1%, respectively.

Binance Coin wins the prize of the best performer having an increase of 18%.

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