Cryptocurrency Prices And News: Bitcoin Price Holds Above $28,000, Cryptos Rise

Cryptocurrency News: Cryptocurrency prices were largely positive Tuesday. Bitcoin and ethereum hover around their highest levels in months and catapulted to start the week following new efforts to contain the banking contagion.

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Cryptocurrency Price Action

Bitcoin held above $28,100 on Tuesday and continues to trade around nine-month highs amid the banking turmoil. BTC hit a new peak of $28,554 early Monday morning and is up nearly 20% this month, after briefly dipping below $20,000 on March 10. The world’s largest cryptocurrency is up 70% so far this year.

Ethereum traded around $1,790 Tuesday after climbing as high as $1,845 Sunday night. Ethereum is hovering near its highest levels since early August and up 4.6% this month. ETH hit a month-low of $1,385 on March 10 before rallying nearly 30%. The #2 crypto is up roughly 50% year-to-date.

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Digital asset investments are extremely volatile. While cryptocurrency’s fundamentals and technical indicators may differ, investors should focus on the same key objectives. First, stay protected by learning when it’s time to sell, cut losses or capture profits. Second, prepare to profit if the cryptocurrency starts to rebound.

Despite their original promise, cryptocurrencies haven’t acted as hedges against inflation. Instead, they’ve trended with the broader indexes. Read The Big Picture and Market Pulse to track daily market trends.

View IBD’s Best Cryptocurrencies And Crypto Stocks To Buy And Watch page to help navigate the world of digital asset investments.

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