Bitcoin fails to hold above $24,000

In the middle of the week, bitcoin broke above $24,000. The coin was trading at its highest levels since August last year.

However, she failed to break the resistance around $25,000.

The BTC surge was the result of a sharp improvement in sentiment among traders. An increase in risk appetite is indicated by a jump in the index of crypto-fear and greed to 62 points.

Investors expected more impressive performance from bitcoin in the coming days. However, after the resumption of sales in the stock markets, the negative returned to the cryptosphere.

Bitcoin did not hold a position above $24,000 and began to fall in price. At the time of this review, BTC was trading at $23,759.

Altcoins are also losing value. Ethereum fell to $1645. Cardano (ADA), Polygon (MATIC) and Dogecoin (DOGE) fell 1.5% to $0.397, $1.46 and $0.086, respectively.

Galaxy Digital CEO Mike Novogratz believes that the Federal Reserve will be able to create conditions for the growth of stock markets in the near future. To do this, she needs to abandon the rigid monetary policy.

If the stock markets start to rise, then bitcoin will also strengthen. The businessman does not rule out that BTC will reach $30,000 by the end of the first quarter.

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