Bitcoin’s recent price appreciations continued in the past 24 hours, and the asset touched and briefly exceeded $48,000 for the first time in months.
The past several days were highly positive for the primary cryptocurrency as the bulls kept a stronghold on the market.
After a few days of consolidation, bitcoin went on the offensive again and tapped $45,000 on March 25.
After leaving over $400 million in liquidations on a daily scale, the cryptocurrency spiked to nearly $48,000 for the first time since the start of the year.
As of now, it has retraced by a few hundred dollars and stands around $47,500.
Binance Coin, Ripple, Cardano, Solana, and Avalanche are slightly in the green as well.