Although prices fell on Thursday (3/3), Bitcon and a number of cryptocurrencies won a lot in the week. Bitcoin price jumped 23% in the past week.
Referring to CoinMarketCap data on Thursday (3/3) at 13:35 WIB, Bitcoin price was at US$ 43,157.67 or soared 23.68% in the last week, after falling below US$ 35,000.
Ethereum price rose 24.07% in one week to US$ 2,901.15, BNB price rose 23.19% to US$ 406.04, and Terra soared 74.02% to US$ 92.40.
Then the price of Solana jumped 22.47% in the week to US$ 99.13, Avalanche rose 25.11% to US$ 82.71, and Polkadot increased 26.09% to US$ 18.27.
However, the strong price rally of Bitcoin and other cryptocurrencies earlier this week stalled on Thursday (3/3), following Federal Reserve (The Fed) Chairman Jerome Powell's remarks.
Powell reiterated the US central bank's plan to raise interest rates this month for the first time since 2018.
Only, Katie Stockton of Fairlead Strategies sees, the price of Bitcoin has the potential to reach US $ 50,000. “Our short-term gauge is pointing higher, but crypto market risks are increasing,” he told CoinDesk.
Crypto market risks are increasing following Russia's invasion of Ukraine which continues and enters its eighth day. Russia claims to have captured the city of Kherson in southern Ukraine.