The price of Bitcoin (BTC) managed to pass the $ 35,000 resistance and was seen trying to be between $ 38,000 and $ 40,000.
At the time of writing, BTC is trading at $ 37,535 above the $ 36,000 support level after declining 26.5% this week.
Indirectly, the market capitalization of cryptocurrencies was also affected, falling by $ 200 billion.
However, analysts suggest looking positively at the movement of Bitcoin as the sector grows.
In an announcement last week from the Office of the Currency Supervisor (OCC) has allowed central banks to conduct transactions using stablecoins and blockchains.
Meanwhile, today the OCC has approved the protection provider, Anchorage as the first local crypto bank in the United States (US).
At the same time, DeFi and altcoins also strengthened, reflecting a previous trend cycle where there was a significant price correction on the price of Bitcoin (BTC) before consolidation after a period of parabolic growth.
Ethereum (ETH) is currently trading at $ 1,111 with an increase of 6.7% and Polkadot (DOT) saw a high jump of 33.85%, trading at $ 11.46.
