01.03.202115:54 Forex Analysis & Reviews: Gradual growth or jumps in value: what happens to the main cryptocurrencies

After a weekly correction and low indicators, the cryptocurrency market is starting to gradually recover. However, digital coins are still jumping in value. Bitcoin is leading the resistance to the market, which meets the spring with indicators of $46,500. Over the past day, the cryptocurrency has risen by $3,000 and continues to grow steadily, approaching the indicators of $48,500.

It is worth noting that all digital assets show excellent progress, but do not forget that their current quotes are far from record indicators. For example, Ethereum achieved the $2,000 mark a few weeks ago, and now it is quoted at $1,535. The coin is gaining momentum and goes almost without recessions from the $1,320 mark.

The XRP token is also gaining momentum and rising from $0.396. The general market sentiment and news about the development of new digital coins with the central banks worldwide show investors a powerful margin of safety for the cryptocurrency, even despite the claim from the SEC. Now the Ripple token is quoted at $0.432 and is not going to stop.

Litecoin has not yet come to its senses, but it still shows good growth. The coin began its ascent at $155 and, overcoming the correction, rose to the level of $172. The total capitalization of the cryptocurrency market again reached $1.4 trillion, having increased by 4% per day.

The cryptocurrency market meets spring in a cheerful mood and shows the growth of indicators of main assets against the background of positive economic indicators. The quotes were also influenced by new investments in altcoins from Dubai-based company D7, which reinvested $750 million in somewhat unpopular coins.

General market growth, economic growth, and a positive information agenda predict even greater growth in the quotes of major cryptocurrencies. At the same time, one should not count on a protracted growth of coins, since the main digital assets are now in safe positions and have not come close to record indicators. Major crypto assets will likely continue to rise, with little fluctuations. Difficulties may begin a few days later as cryptocurrencies approach their highs.

Even though the price correction swept the market even earlier than expected, with the growth of quotes, the market resistance will also increase. Difficulties will begin if digital assets cannot overcome the "turbulence zone". For BTC, a difficult period will begin at around $50,000, ETH may not hold its position, breaking the $1,800 mark, and the XRP token may begin to decline around $0.650.

If the coins can gain a foothold in the safe zone, overcoming dangerous areas and correction, then the market can start growing much earlier. The next few days will show whether the main cryptocurrencies are ready for new prolonged growth or the price correction may last until the end of the week.