{"id":59296,"date":"2022-03-28T09:28:58","date_gmt":"2022-03-28T06:28:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59296"},"modified":"2025-09-04T21:09:53","modified_gmt":"2025-09-04T18:09:53","slug":"bitcoin-price-breaches-the-47000-level","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-breaches-the-47000-level\/","title":{"rendered":"Bitcoin price breaches the $47,000 level"},"content":{"rendered":"

On Monday, March 28, Bitcoin rose above the $47,000 mark. The asset’s market capitalization stood at $893 billion, according to CoinGecko<\/a>.<\/p>\n

At one point, Bitcoin traded as high as $47,650\u2014the highest since the beginning of 2022.<\/p>\n

\"Bitcoin
Hourly BTC\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

As a result of volatility in the futures market, were subjected to<\/a> liquidations of positions worth more than $400 million.<\/p>\n

As of writing, digital gold was trading at $46,800. In the last seven days, Bitcoin gained 13.4%.<\/p>\n

Leading gains among the top-10 by market capitalization were Cardano (ADA) \u2014 34.7%, Solana (SOL) \u2014 23.5%, Polkadot (DOT) \u2014 21.8%.<\/p>\n

\"Bitcoin
Data: CoinGecko.<\/figcaption><\/figure>\n

The crypto market capitalization surpassed $2.2 billion.<\/p>\n

On March 25, Bitcoin tested the $45,000<\/a> mark, and Ethereum approached the $3,200 level.<\/p>\n

Earlier, the CEO of the DeVere Group Nigel Green projected that by the end of March the first cryptocurrency would reach $50 000<\/a>.<\/p>\n

Earlier, Glassnode analysts warned of an impending spike in Bitcoin volatility<\/a>.<\/p>\n

Follow ForkLog’s Bitcoin news on our Telegram<\/a> \u2014 crypto news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Monday, March 28, Bitcoin prices rose above the $47,000 mark. The asset’s market capitalization stood at $893 billion.<\/p>\n","protected":false},"author":1,"featured_media":59297,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-59296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=59296"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59296\/revisions"}],"predecessor-version":[{"id":59298,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59296\/revisions\/59298"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/59297"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=59296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=59296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=59296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}