Bitcoin (BTC), which has been declining for the past few days, was trading at its all-time high of $73,600 on Thursday, March 14. At that time the total market cap of coins was more than that of silver, exceeding $1.45 trillion. However, according to CoinMarketCap AccordingBy Monday, March 18, Bitcoin was trading at around $68,000 (approximately Rs 56.38 lakh) after the fall. This is a $5,600 (about Rs 4.64 lakh) decline in Bitcoin’s price between last Friday and today compared to its all-time high on March 14.
MicroStrategy, which recently bought $821.7 million (roughly Rs. 6,805 crores) worth of Bitcoin, is now raising another $500 million (roughly Rs. 4,144 crores) to buy additional Bitcoins. At the time of writing, silver is back ahead of BTC in terms of market cap, but according to experts, this coin is expected to reach $100,000 (about Rs 82.8 lakh).
Apart from Bitcoin, Gadgets360’s crypto price chart on Monday showed that Ether increased in value by 2.63 percent. Ether is currently trading at $3,467 (approximately Rs 2.87 lakh).
“In the shorter time frame, BTC needs to retest the 50 EMA 4H to confirm the bullish trend, while ETH needs to retest the 20 EMA 4H to confirm a continued uptrend,” the CoinDCX Markets team told Gadgets360. will be. “In particular, this week’s US Fed funds rate and FOMC economic projections are expected to bring market volatility.”
Other coins that saw profits on the day included Solana, Binance Coin, Avalanche, Dogecoin, Shiba Inu, and Polkadot, while Tether, Ripple, USD Coin, Cardano, Litecoin, Stellar, Zcash, Dash, and Braintrust posted losses on Monday. saw.