Bitcoin Rises Amid Improving Conditions in the US Stock Market

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The improvement in the situation in the US stock market has had a positive effect on the positions of both Bitcoin and other digital currencies.

Last night, BTC jumped above $44,100, its highest value since January 6. The correction took place this morning during Asian trading. At the moment, Bitcoin is trading below $44,000. During the day, its capitalization has increased by 1.59% to $828.131 billion.

Altcoins also moved into the green zone the night before on the back of capital inflows into risky assets after the publication of data on the increase in inflation in the United States to 7% in annual terms.

Ether (ETH) rose 3.14% to $3,343. Binance Coin (BNB) and Solana (SOL) gained more than 5% in price and strengthened to $483.7 and $150.2, respectively. The value of all cryptocurrencies on Thursday has risen to $2.076 trillion.

Analysts associate the change in Bitcoin’s trajectory with the growth of the S&P 500 stock indicator.