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Bitcoin Back Above $40,000, Printing 2 Long Green Candles

Mon, 02/28/2022 - 15:48
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Yuri Molchan
Global flagship crypto extends today's gains, rising back above $40,000
Bitcoin Back Above $40,000, Printing 2 Long Green Candles
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Bitcoin has surpassed the $40,000 level after printing two big green candles over the past two hours. The leading crypto has added 7.33%. BTC above $40,000 was last seen in early and late February.

On Feb. 17, digital gold lost the $44,000 zone and began a sharp decline, hitting $34,750 on Feb. 24.

Image via TradingView

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Earlier today, Glassnode data vendor tweeted that the majority of Bitcoin wallet cohorts have been accumulating Bitcoin actively. Smaller wallet groups have been the most aggressive ones in buying BTC, the analytics team stated.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at