Bitcoin climbs to sub $45K as investors' risk appetite widens; Cardano erases some gains

Bitcoin (BTC-USD), ethereum (ETH-USD) and a large basket of cryptocurrencies are trading in the green in early morning trading Friday as investors' risk appetite opens up. The largest digital token by market cap, bitcoin (BTC-USD +4.6%), is rising to sub $45K and ethereum (ETH-USD +5.0%) is drifting up to $3.18K. Meanwhile, the three major U.S. stock market indices are slightly in the green, with the Dow Jones (DJI) +0.2%, S&P 500 (SP500) +0.2% and Nasdaq (COMP.IND) flat. The rolling correlation between Bitcoin and the S&P 500 has broken out of its 2020 peak at the highest level ever, Chief Investment Strategist Liz Ann Sonder wrote in a Twitter post Friday. Analyst commentary: “Bitcoin is on the verge of a major breakout as the price is on course to test the $45k, which has been a strong resistance since mid-January,” Bitbank analyst Yuya Hasegawa told Barron's. “The upper price target in the short term will be