There was no dip in the crypto market over the weekend, likely due to the Bitcoin halving optimism staying consistent, with BTC trading in a range between $69,000 and $71,000.
The upcoming week could see robust returns in the crypto market, as the weekend has been very stable. Traders could take an optimistic cue from this development. The Bitcoin halving optimism in the market could also be a factor for these balanced trends. Moreover, the BTC price cycle looks set for an uptrend soon. Over the last two days, altcoins have also traded in a static range but have not seen any major decline.
Ethereum’s weekly returns have surged over 8%, while BTC has hiked by around 9% in a week. DOGE’s returns have also touched 20% in the last seven days. SHIB also performed well last week, with 8.8% returns. The general stability among altcoins could be a positive trigger for the crypto market.
At its current growth rate, BTC’s market cap could soon surpass technology giants like Microsoft and Amazon. If BTC continues growing at the same rate, it could reach a market cap of over $3 trillion by 2025! Nevertheless, BTC’s price cycle is firm and could reach higher points in 2024.
BTC/USD 1D price chart
Bitcoin is currently trading at around $70,300 on March 31, 2024, with BTC/USD trading higher by a margin of 0.4% in the last 24 hours. Bitcoin’s market cap was trading at around $ 1.38 trillion in the last 24 hours.
BTC/USD is trading higher than its 20-day EMA (68,360.37), as BTC’s 24-hour volume was at around $17 billion. The global crypto market cap increased by around 0.69%, trading above $2.66 trillion. BTC’s year-to-date returns are at 65.73%.
Join Millionero, an extremely user-friendly crypto exchange, and start trading crypto to build a path towards financial freedom!