Cryptocurrency price

Bitcoin Hits 3-Month High, Ether, Solana in Green; Complete list

Cryptocurrency price today: The world’s most popular cryptocurrency on Monday, March 28, set a record high for this year as the digital coin hit a three-month high, surpassing the $47,000 mark earlier in the day. This came after market volatility amid the Russo-Ukrainian war, Covid-19 and other factors caused the cryptocurrency to drop to month lows as it even dipped below 35,000. dollars at the start of the year. With the exception of stablecoins, all major cryptocurrencies traded higher on Monday. On the other hand, high trading volume provided a much-needed boost to investors who previously refrained from investing in risky assets.

At the time of writing, the price of one Bitcoin stands at $46,900.90, according to data from global crypto-tracking website CoinMarketCap. This has increased by 4.88% in the last 24 hours. Bitcoin prices jumped 14.78% over the past week, according to data from the same website.

“Bitcoin’s recent rally has caused some crypto investors to rally as bitcoin hit a three-month high. The huge bitcoin purchased by Luna Foundation Guard as part of its plan to create a $3 billion bitcoin reserve may be a factor in pushing the price of bitcoin to this level,” Charles said. Tan, Head of Marketing at Coinstore.

“Bitcoin, after taking several supports at the rising trendline, is showing good strength and prices are green for the seventh day in a row. The asset was facing strong resistance at $45,500. the bulls have managed to beat the key level and prices are trading above the horizontal trendline and the 200-day moving average.If BTC holds and closes above $45,500, we can expect until prices rise further to $50,000-$52,500,” the ZebPay Trade Desk said.

“Over the past few weeks, we have seen the number of Bitcoins held on exchanges steadily decline. Between March 10 and March 27, we saw over 50,000 Bitcoins exit exchanges into private wallets. Only 13.2 % of all BTC in circulation is currently held on an exchange. This shows that people want to keep their crypto, rather than trading it back and forth on exchanges,” said Darshan Bathija, CEO and co-founder of Vauld. .

Ethereum, the second most popular cryptocurrency in the world, also advanced on Monday. One unit of the altcoin was trading at $3,315.71 at the time of writing, up 5.27% over the past 24 hours. Over the past week, Ether prices have jumped 15.74%, according to data from CoinMarketCap.

“We can expect a slight price correction soon as investors may shore up their portfolios as we approach the end of the quarter and even the end of the fiscal year in India and some countries,” Tan added.

Bathija, however, predicted that Bitcoin prices could rise further in the coming days. “The derivatives data also suggests that most Bitcoin call options are stacked at the $50,000 strike price. This suggests that many people are comfortable buying Bitcoin at $50,000, so there is more room for prices to rise in the short term. »

Here are the top 10 cryptocurrencies and their prices as of March 28, 2022 (data from coinmarketcap.com)

Bitcoin $46,900.90 or 4.88% gain in the last 24 hours

Ethereum $3,318.25 or 5.35% gain in the last 24 hours

Tether $1.00 or 0.02% loss in the last 24 hours

BNB $433.62 or 3.96% gain in the last 24 hours

USD Coin $1 or 0.001% gain in the last 24 hours

XRP $0.8653 or 3.22% gain in the last 24 hours

Cardano $1.18 or 3.71% gain in the last 24 hours

Solana $108.79 or 6.66% gain in the last 24 hours

Terra $95.06 or 4.32% gain in the last 24 hours

Avalanche $90.91 or 5.72% gain in the last 24 hours

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