In March, the cryptocurrency market was expected to face difficulties in 2023 due to regulatory actions by Western governments, and major coins such as Bitcoin (BTC) and Binance (BUSD) were struggling to maintain their growth. Bitcoin, in particular, had been facing challenges since the crypto boom a few years back and had fallen below $30K in June 2022. However, this wasn’t a new development.
Since Bitcoin is the leading cryptocurrency and has the largest market share, its success or failure has a domino effect on the rest of the market. But things seem to have turned around, and the market is now experiencing a surge. Bitcoin has finally surpassed the $30K mark and is currently trading above it, boosting the rest of the market with its success. As a result, there have been multiple rallies across the board.
Additionally, there is positive news about the conclusion of the biggest presale cryptocurrency seen in recent years. Big Eyes Coin (BIG) has announced the end date of its presale, indicating that the project will be hitting the market soon.