Bitcoin Hits $44,000, But Traders Want To See A Few Daily Closes Here Before A Rise

© Reuters.

Morale in the cryptocurrency ecosystem rises on March 24 as several days of positive movements helped to rally (BTC) back above $44,000 and Ether bulls took control at $3,100.

The rise in the price of BTC comes amid soaring inflation and rising interest rates, which could see up to seven hikes during 2022, according to Minneapolis Federal Reserve Chairman Neel Kashkari.

BTC/USDT 1-day chart. Source: Trading View
Table over 1 week. Source: Twitter (NYSE:)
BTC/USDT 1 hour chart. Source: Twitter

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