Thursday, July 25, 2024

Market Watch March 24: Bitcoin rallies, but will it cross $45,000 any time soon

The crypto market has been trading with mixed results with slight ups and downs. Bitcoin is keeping up its momentum. It has gained 2.37% in the last 24-hours and is changing hands at $43,170. BTC is rallying but it’s yet to be seen whether it will make it across resistance at $43,400 and then at the $45,000 mark.

The popular crypto has bounced multiple times, over the past two months, from its support and resistance lines. Analysts highlighted that the price is still down 11% year-to-date. Data shows that the total cryptocurrency market capitalization was unable to break the $2 trillion resistance level. It stands at $1.98 trillion.

Ethereum, following BTC price, has gained 3.12% in the last 24-hours. According to CoinMarketCap, Ether is trading at $3,052. Altcoins have also recorded gains. Cardano (ADA) is the biggest gainer as it has gained 14.18% in the last 24-hours. Ripple XRP, Terra LUNA, Solana, and Polkadot have seen highs of up to 6%. However, Avalanche is down by 0.21%. It is trading at $85.29. The popular meme coins Shiba Inu and Dogecoin are also in the green, gaining 4.81% and 11.69% respectively.

Meanwhile, Ethereum Classic (ETC) – an altcoin is up by 63.66% in the last seven days. Ethereum Classic’s price continues to hover close to a five-month high. ETC, in the past 10-days, has rallied from the support of $25. It has gained by almost $30 during that period. At the time of writing this article, ETC was trading at $44.04.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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