Bitcoin (BTC) has strengthened again above the $ 50,000 level since yesterday following a statement by Bloomberg analyst Mike McGlone regarding Bitcoin which is an investor's priority over gold.
At the time of writing, BTC is trading at $ 54,369 with a 7.6% jump in 24 hours.
At the same time, many altcoins are showing positive movements, driven by the dumping of projects that hit record highs today especially altcoins that are closely linked to non-fungible tokens (NFT) projects.
Starting with Ultra (UOS), saw a jump of over 14% to $ 0.45 as cross-chain related projects and NFT capabilities were launched soon.
Theta hit a record all -time high, $ 5.14 with a hard fork project set to launch on March 10th.
Throughout February, Theta performed well with the introduction of NFT for streamers and news of Sony Europe joining the validator program for the Theta blockchain.
Engine (ENJ) had hit an all -time record high on March 5, $ 1.76 as its project focusing on the broader NFT ecosystem began to show profitable results.
The upgrade of the Ethereum (ETH) network to the Berlin version on April 14 managed to bring the price of the token to $ 1,842 at the time this article was written. Meanwhile, Chiliz (CHZ) jumped over 83%to $ 0.24, followed by Hedera Hashgraph (HBAR), $ 0.19 (+32%) and Decentraland (MANA), $ 0.5 (+28%).
The overall value of the crypto market managed to record a value of $ 1.6 trillion.
