This Week in Crypto: Market Rebounds Sharply

Investor sentiment across the broader crypto ecosystem is seeing a positive shift, resulting in several tokens witnessing double-digit gains as the aggregate crypto market capitalization nears $2 trillion. Bitcoin (BTC) Positioned for Another Lift-Off Bitcoin (BTC) has gained more than 22% in the past week while it continues to break past the $45,000 resistance. From the previous week’s low of $38,000, the legacy token registered a sharp upward rally and is now consolidating below $44,000, with some analysts expecting $48,000 to act as resistance over the near-term bullish range. With several countries imposing sanctions on Russia, the value of BTC and almost every other prominent crypto has rebounded sharply.