Crypto prices: Bitcoin to cease first quarter on a bullish present

The cryptocurrency market cap become once spherical $1.24 trillion as Bitcoin trace reclaimed the $28,500 stage, with crypto poised to cease the principle quarter of 2023 greater. BTC trace become once up 24% previously 30 days, and 83% up one year-to-date.

Crypto analyst Rekt Capital says Bitcoin is poised for a ancient quarterly shut, which can maybe maybe narrate upward impetus over the next various months.

#BTC is on the cusp of confirming its first Quarterly Bullish Engulfing Candle since early 2020

Historically, Quarterly Bullish Engulfing Candles maintain preceded extra than one quarters of upside$BTC #Crypto #Bitcoin pic.twitter.com/Hyeew5HCy0

— Rekt Capital (@rektcapital) March 31, 2023

In the intervening time, bullish momentum over the past three months has also seen Ethereum trace jump when it comes to 64% YTD. ETH with a each day shut at fresh prices will stare it cease March 15% greater. The outlook for many high altcoins is the the same, with XRP, Binance Coin (BNB), Polygon (MATIC) and Cardano (ADA) draw to cease Q1, 2023 greater.

Bitcoin and tech stocks greater YTD

While the US stock market opened greater on Friday, with equities buoyed by the most as a lot as the moment economic knowledge, the final gains right through tech stocks pale when in comparison to Bitcoin. For instance, the S&P 500 become once 6.75% up YTD at 11:30 am ET, the Dow Jones Industrial Common become once 0.4% down over the duration and the tech-heavy Nasdaq Composite become once 16.7% up.

On the opposite hand, Bitcoin and some tech stocks maintain outperformed most diversified assets this quarter. As notorious above, BTC/USD is 83% up YTD and would possibly possibly well maybe seemingly shut the quarter with better than 80% in gains. Tesla (TSLA) become once 86% up on the time of writing, while Meta Platforms (META) become once +63% YTD.

The Apple (AAPL) stock become once +30% YTD on Friday, while Amazon (AMZN) had gained better than 20% this quarter.