Price analysis 3/28: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, TON
Bitcoin is looking positive, but the up move is likely to face stiff resistance above $72,000.
Keep up with what's happening in the crypto world in real-time.
Bitcoin is looking positive, but the up move is likely to face stiff resistance above $72,000.
The cryptocurrency market frenzy shows an upturn in asset prices and decentralized (DeFi) numbers with Shiba Inu and Toncoin leading monthly gains. This week, the overall market cap pierced through $2.7 trillion although daily corrections pushed numbers down.
Bitcoin (BTC), the poster child of the cryptocurrency world, has been on a rollercoaster ride. After hitting an all-time high above $73,000 not long ago, BTC's journey took a sharp downturn, dipping below $62,500 amid concerns over potential shifts in the Federal Reserve's monetary policy.
A frothy crypto market lifted many prices on Monday, as did news of a tie-up between an exchange operator and a gaming blockchain.
Bitcoin bulls attempt to establish control over BTC price, a move that could benefit DOGE, TON, STX and FTM.
The cryptocurrency market remained mixed this week, with some coins gaining and others falling in value.
Here is how some of your favorite assets concluded the week.
Crypto Price Prediction: The selling pressure from Spot BTC ETF triggered a notable correction during the weekdays, recording a $888 Million outflow from the 10 $ETFs. The leading assets like Bitcoin and Ethereum recorded a weekly loss of 5% and 8% respectively.
IOTA and Toncoin are eyeing new gains as investors target fresh momentum. However, the price outlook for the two tokens is different given recent performance. Meanwhile, investors are increasingly shifting attention to new project Algotech (ALGT), currently priced at $0.06 in presale.
Bitcoin's inability to capitalize on its strong recovery from March 20 indicates that sellers are taking advantage of relief rallies. This pullback has negatively affected short-term sentiment, leading to consecutive days of net outflows from spot Bitcoin exchange-traded funds (ETFs), as reported by Farside Investors.
Most of the crypto market is well in the red, with ETH and BNB losing around 4% and 5%, respectively.
Bitcoin is struggling to sustain its recovery, signaling that higher levels are attracting sellers in BTC and altcoins.
In the fast-paced world of cryptocurrencies, attention often gravitates towards the latest sensation. Solana, with its explosive growth, has understandably stolen the spotlight in recent weeks.
Bitcoin and altcoins are starting to recover, but traders will watch closely to see if higher levels induce selling.
Over the last month, both Aptos and Ton observed a substantial increase in activity.
Dogecoin's value dropped by double digits in the last 24 hours, suggesting that it might slip off the top 10 list of cryptos.
Ethereum's Dencun upgrade is finally here, but what lies ahead?
The significant uptick in Bitcoin's value appears to be preparing for a brief correction, due to the mere $132 million inflow into spot Bitcoin exchange-traded funds observed on March 14. As Bitcoin's value recently touched the low of $65K, the altcoin market is seeing an influx of capital flow, resulting in a rising dominance.
After the 32% weekly gains, should you expect another rally?
The Bitcoin halving, scheduled for April 2024, is stirring the cryptocurrency market, pushing Bitcoin's value upward. Amidst this anticipation, Ethereum (ETH), Shiba Inu (SHIB), Toncoin (TON), and ORDI emerge as lucrative opportunities.
TON Coin has emerged as a compelling contender, capturing the attention of investors with its extraordinary surge. Bolstered by its association with Telegram, TON Coin's recent ascent amidst Bitcoin's market volatility has sparked intrigue and speculation.
The crypto market rally is starting to show signs of exhaustion, but Bitcoin and altcoin charts highlight traders' desire to continue buying each dip.
The new revenue sharing consensus with TON on Telegram has set off bullish vibrations in the crypto waters.
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $73,000 level on Wednesday. Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $4,000 mark this morning.