Bitcoin and other major cryptocurrencies fell slightly but finished a largely upbeat week higher than when they started the week, withstanding the U.S. central bank's first interest rate hike in four years and Russia's escalating attacks on Ukraine.
"It's been a good week for Bitcoin," Joe DiPasquale, the CEO of fund manager BitBull Capital, wrote to CoinDesk."We have been holding support above $40,500. If we can break through the next resistance line at $42,500, we could see a breakout to $45,000 as we saw in the last day of February." The tech-focused Nasdaq rose 2% on Friday, while the S&P 500 was up a little over 1%. Gold fell 1.2%. The upswing in stocks and cryptos late in the week suggested that investors were willing to embrace more risk than they had been just a few days before.
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