March 29, 2023

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Bitcoin Breaks $17K, Ethereum, Dogecoin Extend Gains As Analyst Sees Crypto Rally This Week – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD)

  • bitcoin Bitcoin / US Dollar And Ethereum ETH/USD It soared late Sunday evening, joining the rest of the top ten cryptocurrencies by market capitalization in a significant rally.

Coins the price Winnings (recorded at 9 p.m. ET)
bitcoin $17,175 +3.42%
Ethereum $1,292 +7.84%
  • What happened: Bitcoin price rose 3.42% at $17,175 over the past 24 hours, crossing the $17,000 level, while Ethereum rose 7.84 percent to $1,292, according to CoinMarketCap data.
  • Mimi Quinn Dogecoin DOGE/USD It also showed positive gains, rising by 4% to $0.075.
  • The total cryptocurrency market cap increased by 2.77% to $845.4 billion.
  • The Dow Jones Industrial Average rose 2.1%, the S&P 500 rose 2.3%, and the Nasdaq Composite ended up 2.6% on Friday.
  • This is the best day on record for the Dow and S&P 500 since November 4th. 30 and the most successful for the Nasdaq since Dec. 3. 29.

We see more: Best crypto day trading strategies

  • parser view: a famous cryptocurrency analyst Michael Van de Poppe Expect a big rise this week, but warn of a slight decline on Monday as a result of the Gemini correction or other corrections.
  • Crypto lender Genesis last week exclusion 60 jobsor 30% of its workforce, as it tried to economize and avoid filing for bankruptcy.
  • cryptoslite analysis Glassnode data indicates a significant increase in open interest for both Bitcoin and Ethereum.
  • The analysis showed a clear trend of far more buying options than selling options, indicating a strong bullish trend among options traders. Bitcoin saw its strongest demand in the $15,000-$20,000 range, where the buy and sell options are roughly equal.
  • This is not surprising given that it has been established recently since FTX collapse, which caused it to trade within this general price range.

More than 85% of Bitcoin has reportedly not moved, according to “Documenting Bitcoin,” the source for all BTC stories.

read the following: Billionaire Genesis-backed cryptocurrency lender pivots to 30% job cuts, months after laying off 20% of staff

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