Bitcoin price continued to climb, breaking through the level of US $ 47,000, the highest level in the last three months. Meanwhile the price of Dogecoin and Shiba Inu jumped high.
Referring to CoinMarketCap data on Monday (28/3) at 13.00 WIB, Bitcoin price is at US$ 47,157.76 or up 5.57% in the last 24 hours.
Ethereum price also rose 5.78% to US$ 3,324.26, Solana price jumped 9.21% to US$ 110.98, and Polkadot rose 8.35% to US$ 22.93.
Meanwhile, the price of meme-based cryptocurrencies Dogecoin and Shiba Inu jumped 6.84% to US$ 0.1497 and 8.26% to US$ 0.00002671 respectively.
QCP Capital points to a broader rally in global asset prices as the reason why the crypto's bullish momentum is likely to continue in the near term.
The Singapore-based company revealed that Luna Foundation Guard's continued Bitcoin purchases are also a reason for the continued momentum.
"One important buying stream this week was the purchase of US$ 125 million worth of BTC by the Luna Foundation Guard," said QCP Capital in a note published Monday (28/3).
"This purchase is part of a plan to systematically accumulate $3 billion worth of BTC in reserve for TerraUSD," QCP wrote, as quoted by CoinDesk.
Subscribe Daily Post or Follow Google News to update information quickly, Thank you..!!
