Investors Maintain Faith as Bitcoin Slowly Recovers Rally

Bitcoin Resumes Rally After Recent Dip, Market Fear & Greed Index at ‘Greed’

Crypto Prices Over The Past Week

Last Monday (March 18), the overall crypto market cap stood at $2.45 trillion. BTC price stood at around $65,370, ETH price stood at around $3,400.

A week later, the overall market cap rose to $2.55 trillion.

Check Out Top Crypto Prices Today

DeFi’s total volume stands at $7.63 billion, at 9.76 percent of the total market 24-hour volume. In the case of stablecoins, the overall volume stands at $68.87 billion, at 88.11 percent of the total 24-hour market volume. As per CoinMarketCap, the overall market fear and greed index stood at ‘Greed’ with 80 points (out of 100).

BTC dominance, at the time of writing, stood at 51.65 percent.

Over the past seven days, Bitcoin achieved a high of $68,085,80 (on March 21) and a low of $61,164.63 (March 20).

Ethereum, on the other hand, saw a high of $3.577.84 (March 21) and a low of $3,092.22 (March 20).

Crypto Events To Note

Do Kwon has been released from incarceration in Montenegro, as confirmed by the head of the country’s prison services, Darko Vukcevic, in discussions with Bloomberg reporters Jasmina Kuzmanovic and Misha Savic. Kwon’s release occurred on Saturday, following the completion of his sentence related to charges of possessing falsified documents.

Moreover, In a recent shift within the cryptocurrency market, TrueUSD (TUSD) has experienced a notable decline in its market position, now ranked eighth among dollar-pegged digital currencies by market capitalisation.

Lastly, in a recent statement, Nayib Bukele, the President of El Salvador, revealed that the nation has been consistently acquiring one bitcoin every day since 2022.

What Crypto Traders Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “After a brief downturn, Bitcoin recovered impressively, surging from $64,000 to over $67,500 before settling at $66,600. Trader activity was upbeat, driving a 3.40 percent increase in the overall crypto market cap. Bitcoin surpassed its previous resistance level, aiming for the next resistance at $68,116, with the next support at $62,005. Ethereum’s price fluctuated but settled around $3,450. The weekend witnessed a change in sentiment from extreme greed to greed in the crypto market.”


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