Bitcoin BTC/USD has staged a nice recovery in recent sessions, as risk appetite returned to the market.
After ending last Saturday at $44,500.83, the apex crypto quickly moved up to its year-to-date peak of $48,086.84 on Monday.
The strong upside was due to investors building positions ahead of the imminent Ethereum merge, which refers to the merging of Ethereum’s Mainnet and the beacon chain proof-of-stake system.
Non-fungible marketplace OpenSea suggested in a short teaser video this week that it could begin including Solana NFTs.
The rally was attributed to the Luna Foundation Guard’s decision to rev up its Bitcoin reserves to mitigate the negativity engendered by geopolitical and macroeconomic risks.
The recent buoyancy can be traced back to the Avalanche Foundation’s incentive program announced in early March to accelerate adoption of subnets, according to Cointelegraph.
Near Protocol: Near Protocol NEAR/USD has gained about 20% in the past week.