Bitcoin And Crypto Steam Ahead In A World Ruled By Uncertainty, Waves Surges 50% In Day

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Last Updated on 29 March 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Oil is trading well above $100, Chinese stock markets like Shanghai and HongKong are trading near multi-year lows, analysts predict food price rises because of the Russia-Ukraine war, inflation is at a 40 year high and interest rates are due to rise. Barack Obama and Elon Musk both have Covid as the pandemic gears up for one more wave.

Amid all this uncertainty, Bitcoin broke through out of it’s trading range, pushed past a key level of $45,000 and put itself back into positive territory for the year. Next resistance level should be around $52,000.

At the time of writing this article, Bitcoin traded at $47.5k and Ether changed hands for $3.3k.

A meme where actor Will Smith (portrayed as Bitcoin) slapped comedian Chris Rock (portrayed as ‘the bears’) in the face was highly popular on social media.

Advertentie.

Altseason and Waves

Meanwhile the term ‘Altseason’ is once again trending on social media as many smaller coins in the CoinMarketCap top 100 are seeing double digit gains.

One of the more interesting winners of the past days was Waves, the cryptocurrency of Russian-Ukrainian origin in which rich oligarchs are claimed to have stashed their cash as of late in order to avoid the depreciation of the Russian ruble and the sanctions imposed by the west.

As The Motley Fool noted yesterday evening:

it seems ordinary Russians have turned to cryptocurrency to protect themselves against a falling ruble. We don’t yet know whether the country’s billionaires have been able to do the same.

They could have just read this website where we pointed that out two weeks ago. In the past day alone, Waves climbed another 50%