The crypto market has entered March with its foot firmly on the accelerator despite showing signs of a slight slowdown from its recent rapid ascent.
Bitcoin (BTC) has continued to hover around the $62,000 mark, showcasing a resilient stance amid varying market sentiments after its remarkable rally past the $60,000 threshold to a high of $64,000 at the end of February.
BTC was trading at $62,130 as of press time, with a market cap of $1.22 trillion, based on CryptoSlate data.
The bullish momentum raised expectations for March, hinting at the possibility of an even more remarkable rally. However, the market has momentarily slowed down as it consolidates gains before potentially moving higher.
On-chain data shows the stability is a result of strong investor confidence, evidenced by over 1 million addresses accumulating over 671,000 BTC within the $60,000 to $62,000 price range. This âaccumulation zoneâ suggests potential future support for the flagship crypto.
đđđđđđđ
FOLLOW FOR MORE
$BNB $ETH $BTC
