Bitcoin rises above $28,000 and accumulates gains of 14% in March

Most cryptocurrencies are trading with rises today, bringing the global market capitalization of the market up to $1.15 trillion, with a volume of $40 billion in the last 24 hours.

In Bitcoin´s case, it´s rallying after a downward session in which its price hit a seven-day low on March 28 to $26,704 after failing to hold the key $27,000 level. But on Wednesday, it has recovered. So far this year, it has appreciated 61.3%. Although, it´s true that it´s still far from those highs it reached before its great decline.

Analysts believe that Bitcoin is currently in a place that will decide the fate of the long-term price trend and are eyeing $30,000 after it managed to resist a new wave of negative news.

In addition to the resistance that Bitcoin seems to be showing, its demand will probably increase due to the almost certain upcoming easing of the US Federal Reserve's (Fed) hard-line monetary policy. The setback experienced by the financial sector in recent days and weeks has also led many to invest in Bitcoin.

As for other cryptocurrencies, Ethereum has risen to $1,807.