Bitcoin Surges Past $53,000, Ethereum Exceeds $3,000

On Monday, February 26, the price of the leading cryptocurrency surpassed $53,000. Over the past 24 hours, the asset gained 3.6%, according to CoinGecko.

At the time of writing, digital gold remains above $53,400.

The price of the second-largest cryptocurrency by market capitalization rose by 3.8% over the last 24 hours. The current price is $3,154.

Following the leaders, nearly all assets in the top 10 by market capitalization moved into the “green zone.”

The total market value exceeds $2 trillion (+3.8%). The dominance index of the first cryptocurrency is 48.6%, ETH is 17.6%.

CoinDesk reported a statement from the analytical company Swissblock. Experts noted that Bitcoin “broke out of the range it had been in since February 15.” They identified the next level as $57,000-58,000, after which they expect new all-time highs.

“Momentum is building strongly. All sails are raised,” the analysts noted.

Earlier, Matrixport suggested Bitcoin could rise to $63,000 in March. Catalysts identified by specialists include halving.

In February, Lucas Outumuro, head of research at IntoTheBlock, identified five catalysts for Bitcoin’s rise above $70,000.