NFT-related altcoins hit new highs after Bitcoin price rallies to $53K By Cointelegraph

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NFT-related altcoins hit new highs after Bitcoin price rallies to $53K

The cryptocurrency market saw an influx of activity on March 8 that provided a lift to the vast majority of the top tokens as the world celebrates International Women’s Day.

Bitcoin’s (BTC) recovery back above $50,000 was followed by a new wave of bullish optimism and analysis from Bloomberg senior commodity strategist Mike McGlone suggested that is pushing gold aside as a store of value in investors’ portfolios.

4-hour chart. Source: TradingView
Bitcoin balance at all exchanges. Source: glassnode
THETA/USDT vs. UOS/USDT vs. ENJ/USDT 4-hour chart. Source: TradingView
Daily cryptocurrency market performance. Source: Coin360