The crypto market has shown an incredible performance over the past week. Bitcoin has sustained momentum and risen above the $60,000 level, reaching $64,000.<\/p>\n
The levels reached at the end of February have suggested to many investors that March could be an even more impressive month for the current bullish rally.<\/p>\n
However, no prediction is set in stone, as many factors could swing investors\u2019 sentiments and move the trends in the opposite direction. At the moment, the crypto market seems to have taken a small pause to catch its breath.<\/p>\n
The global crypto market reached a significant milestone for this bullish run a few days ago. As reported<\/a>, the total crypto market cap hit $2T on February 27, an accomplishment not seen since April 2022.<\/p>\n As March begins, the market cap for the crypto market sits at $2.3 trillion, representing a 17.97% surge in the 7-day timeframe. This growth has surpassed the level established in early 2022 and potentially clears the path to the $2.4 trillion mark seen in December 2021.<\/p>\n Nonetheless, the market rise seemingly slowed down momentarily. The current market cap of $2.31 trillion represents a modest 1.32% decrease over the last day, according to CoinMarketCap data<\/a>.<\/p>\n Similarly, the total crypto market trading volume was around $127.9 billion at writing time, registering a significant 35.77% drop from yesterday.<\/p>\n\n The data shows that Bitcoin and Ether have faced over 40% market activity decrease compared to the trading volume registered 24 hours ago. Similarly, some of the largest memecoins showed a slowdown in performance.<\/p>\n As the list below shows, Dogecoin (DOGE) registered a 5.9% price drop on the last day. Likewise, Shiba Inu\u2019s (SHIB) price decreased by 5.8% in the same timeframe.<\/p>\n\n On the contrary, Solana (SOL) performed better on the last day than the top ten cryptocurrencies, registering a 4.1% price surge. \u00a0SOL\u2019s $134 price places it alongside DOGE as the best-performing cryptocurrencies among the top ten in the last seven.<\/p>\n Among the largest gainers on the last day, PEPE reversed<\/a> yesterday\u2019s 12% price drop after registering a 10.9% growth during the past 24 hours. Similarly, the dog-themed memecoins dogwifhat (WIF) and (BONK) registered a price increase of 20,66% and 6.65%, respectively.<\/p>\n Some analysts expect<\/a> a significant halving-related drop in Bitcoin\u2019s price. Meanwhile, the King of crypto has shown strong resistance above a massive support wall, as crypto analyst Ali Martinez suggests.<\/p>\n Over 1 million addresses are buying over 671,000 BTC within the $60,000 and $62,000 price range. Which, according to the analyst, highlights a strong investor confidence. This confidence could be a crucial support level and a cushion against a future price drop.<\/p>\n #Bitcoin<\/a> holds above a massive support wall, with 1 million addresses buying over 671,000 $BTC<\/a> within the price range of $60,334 to $62,155. <\/p>\n This accumulation zone highlights strong investor confidence and could serve as a crucial level of support for #BTC<\/a>, potentially\u2026 pic.twitter.com\/lmghohWR1U<\/a><\/p>\n \u2014 Ali (@ali_charts) March 1, 2024<\/a><\/p>\n\n At writing time, the flagship cryptocurrency trades at around $62,052.71, which only accounts for a 1% decrease from the day before. BTC has increased over 21.8% in the last week, and it\u2019s only 10.34% lower than its all-time high (ATH) of $69,000 registered in November 2021.<\/p>\n Likewise, it\u2019s worth noting that Ether (ETH) has been showing a robust performance<\/a> in the past few days amid the volatile crypto market. Maintaining its price range in the past 24 hours, the \u2018king of altcoins\u2019 registered only a 1.8% price decrease from yesterday. ETH currently trades at $3,411.88, representing a notable 16.2% rise in the past week.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n The crypto market has shown an incredible performance over the past week. Bitcoin has sustained momentum and risen above the $60,000 level, reaching $64,000.<\/p>\n The levels reached at the end of February have suggested to many investors that March could be an even more impressive month for the current bullish rally.<\/p>\n However, no prediction is set in stone, as many factors could swing investors\u2019 sentiments and move the trends in the opposite direction. At the moment, the crypto market seems to have taken a small pause to catch its breath.<\/p>\n The global crypto market reached a significant milestone for this bullish run a few days ago. As reported<\/a>, the total crypto market cap hit $2T on February 27, an accomplishment not seen since April 2022.<\/p>\n As March begins, the market cap for the crypto market sits at $2.3 trillion, representing a 17.97% surge in the 7-day timeframe. This growth has surpassed the level established in early 2022 and potentially clears the path to the $2.4 trillion mark seen in December 2021.<\/p>\n Nonetheless, the market rise seemingly slowed down momentarily. The current market cap of $2.31 trillion represents a modest 1.32% decrease over the last day, according to CoinMarketCap data<\/a>.<\/p>\n Similarly, the total crypto market trading volume was around $127.9 billion at writing time, registering a significant 35.77% drop from yesterday.<\/p>\n The data shows that Bitcoin and Ether have faced over 40% market activity decrease compared to the trading volume registered 24 hours ago. Similarly, some of the largest memecoins showed a slowdown in performance.<\/p>\n As the list below shows, Dogecoin (DOGE) registered a 5.9% price drop on the last day. Likewise, Shiba Inu\u2019s (SHIB) price decreased by 5.8% in the same timeframe.<\/p>\n On the contrary, Solana (SOL) performed better on the last day than the top ten cryptocurrencies, registering a 4.1% price surge. \u00a0SOL\u2019s $134 price places it alongside DOGE as the best-performing cryptocurrencies among the top ten in the last seven.<\/p>\n Among the largest gainers on the last day, PEPE reversed<\/a> yesterday\u2019s 12% price drop after registering a 10.9% growth during the past 24 hours. Similarly, the dog-themed memecoins dogwifhat (WIF) and (BONK) registered a price increase of 20,66% and 6.65%, respectively.<\/p>\n Some analysts expect<\/a> a significant halving-related drop in Bitcoin\u2019s price. Meanwhile, the King of crypto has shown strong resistance above a massive support wall, as crypto analyst Ali Martinez suggests.<\/p>\n Over 1 million addresses are buying over 671,000 BTC within the $60,000 and $62,000 price range. Which, according to the analyst, highlights a strong investor confidence. This confidence could be a crucial support level and a cushion against a future price drop.<\/p>\n #Bitcoin<\/a> holds above a massive support wall, with 1 million addresses buying over 671,000 $BTC<\/a> within the price range of $60,334 to $62,155. <\/p>\n This accumulation zone highlights strong investor confidence and could serve as a crucial level of support for #BTC<\/a>, potentially\u2026 pic.twitter.com\/lmghohWR1U<\/a><\/p>\nBitcoin And Ether Remain Strong Amid The Market Volatility<\/h2>\n
Crypto Market Momentarily Slows Down<\/h2>\n
Bitcoin And Ether Remain Strong Amid The Market Volatility<\/h2>\n