The crypto market growth rate remained high, with Bitcoin trading in a much higher range than earlier.
Bitcoin broke well past the $28000 hurdle as it even touched $29000 momentarily on March 30. Since, it has slowed down a little down, comfortably settling over $28500. Doubts over Bitcoin consolidating above $28000 were put aside, as it traded in the range over the mark since the last 24 hours.
Experts noted the bullish run of the crypto market in March 2023 as it steadily tries to reclaim its past levels. The crypto market growth rate has been slowly picking up since the start of the year in spite of macroeconomic hurdles on the way. The crypto market also witnessed a few crackdowns on major crypto firms in the last few months but has been unable to deter the positive long-term sentiments of the market.
The crypto market growth rate was above 4% in the previous 24 hours, helping the overall market capitalization rise above $1.23 trillion. But, BTC was the major driver of the growth since a few tokens were trading with losses, such as XRP, Cardano, Solana, Dogecoin, and others. Ethereum was constant near the $1800 level.
BTC/USD YTD price chart
Bitcoin is currently trading at around $28600 on March 30, 2023, with BTC/USD up by almost 1% in the previous 24 hours. While most cryptos were witnessing mixed sentiments on the last day, the crypto market growth picked up more than the earlier levels. BTC/USD is trading higher than its 20-day EMA (25,237.70). Bitcoin’s 24-hour volume remained higher, crossing $21 billion.