Best Cryptocurrencies to buy now in March 2023
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The first cryptocurrency was created in 2009, making it a remarkably new asset class. Extreme volatility is expected, as 2022 demonstrated. As a result, investors seeking to protect themselves from a potential total collapse of their holdings will want to stick with more reputable companies. None is more reputable than Bitcoin, the first cryptocurrency and largest by market capitalization with a valuation of around $500 billion, or roughly 44% of the overall market.
The most widely used cryptocurrency is BTC, which is tracked by a number of publicly traded instruments and is held on the balance sheets of several publicly traded companies, including MicroStrategy Inc. (ticker: MSTR), Tesla Inc. (TSLA), and others. Bitcoin has staged an incredible rebound in the first two months of the year, rising 39.9% until the end of February, following a 64% loss in 2022.
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After the government promised that depositors of Silicon Valley Bank, a division of SVB Financial Group (SIVB), would really have access to all of their cash at the bankrupt bank, those gains have only accelerated. The federal government's decision to intervene and provide liquidity for the lender focused on technology and startups has increased public trust in both the banking industry and cryptocurrencies. Meanwhile, February's inflation data came in perfectly in line with predictions, with the core consumer price index increasing 5.5% year over year in February, the weakest rate of growth since December 2021.
BTC reached a new nine-month high as Bitcoin soared from a low of $19,628 on March 10 to highs exceeding $26,500 on March 14. The Federal Reserve is more likely to proceed with future rate hikes in a more cautious manner given the turmoil in the banking sector and the slowing inflation rate, which is excellent news for more speculative investments like cryptocurrency.
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Best Coins to buy Now are
1. BTC
2. Ethereum
3. Avax
4. Matic
5. ADA
6. ATOM
These are very Good and Strong Project according to technical analysis of BTC the Bull run has Been Started now just a Retest of 25000 is Remaining. If It Happens BTC can move Up to 35000$ in he next Weeks.
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