Edul Patel, the CEO of Mudrex, highlighted the next resistance and support levels for Bitcoin. The resistance level is anticipated to be at $70,979 (roughly Rs. 59.1 lakh), while the support level is expected to be at $68,955 (roughly Rs. 57.4 lakh).
Ether, the second-largest cryptocurrency, also experienced a price dip of 0.62 percent. At the time of reporting, Ether was trading at $3,445 (roughly Rs. 2.87 lakh), with a reduction of $20 (roughly Rs. 1,666) in its value over the past 24 hours.
The cryptocurrency market as a whole witnessed a mixed performance, with several digital assets grappling with losses. Tether, Binance Coin, Solana, USD Coin, Cardano, and Avalanche were the cryptocurrencies that encountered declines. Similarly, Polkadot, Polygon, Uniswap, Litecoin, and Leo also registered price dips.
Amidst the market fluctuations, some cryptocurrencies managed to record profits. Dogecoin and Shiba Inu were among the few digital assets that saw gains. Additionally, Chainlink, Wrapped Bitcoin, Tron, Bitcoin Cash, Uniswap, Litecoin, and Leo experienced minor increases in their respective values.
The CoinDCX Research Team commented on the market’s momentum, noting significant volatility over the past day. They highlighted that the market initially displayed strength but turned bearish with the opening of the US market. The team also mentioned that tomorrow’s US final GDP announcement could introduce further volatility to the market.
The overall cryptocurrency market capitalization experienced a 0.50 percent decline in the last 24 hours, with the total valuation standing at $2.65 trillion (roughly Rs. 2,20,83,642 crore), according to CoinMarketCap data.
Cryptocurrency investors and analysts monitor the market closely, assessing various factors influencing price fluctuations and market sentiment.
Popular cryptocurrencies encountered losses in a day marked by market fluctuations, with Bitcoin and Ether witnessing price dips on Wednesday, March 27. Bitcoin, the leading digital currency, registered a 0.65 per cent decrease, trading at $67,288 (roughly Rs. 56 lacks). Over the past 24 hours, Bitcoin’s value declined by $442 (roughly Rs. 36,830). Market analysts noted that the cryptocurrency observed equal amounts of buying and selling pressure throughout the day, resulting in price volatility before consolidating near its current value.
Edul Patel, the CEO of Mudrex, highlighted the next resistance and support levels for Bitcoin. The resistance level is anticipated to be at $70,979 (roughly Rs. 59.1 lakh), while the support level is expected to be at $68,955 (roughly Rs. 57.4 lakh).
Ether, the second-largest cryptocurrency, also experienced a price dip of 0.62 percent. At the time of reporting, Ether was trading at $3,445 (roughly Rs. 2.87 lakh), with a reduction of $20 (roughly Rs. 1,666) in its value over the past 24 hours.
The cryptocurrency market as a whole witnessed a mixed performance, with several digital assets grappling with losses. Tether, Binance Coin, Solana, USD Coin, Cardano, and Avalanche were the cryptocurrencies that encountered declines. Similarly, Polkadot, Polygon, Uniswap, Litecoin, and Leo also registered price dips.
Amidst the market fluctuations, some cryptocurrencies managed to record profits. Dogecoin and Shiba Inu were among the few digital assets that saw gains. Additionally, Chainlink, Wrapped Bitcoin, Tron, Bitcoin Cash, Uniswap, Litecoin, and Leo experienced minor increases in their respective values.
The CoinDCX Research Team commented on the market’s momentum, noting significant volatility over the past day. They highlighted that the market initially displayed strength but turned bearish with the opening of the US market. The team also mentioned that tomorrow’s US final GDP announcement could introduce further volatility to the market.
The overall cryptocurrency market capitalization experienced a 0.50 per cent decline in the last 24 hours, with the total valuation standing at $2.65 trillion (roughly Rs. 2,20,83,642 crore), according to CoinMarketCap data.
Cryptocurrency investors and analysts monitor the market closely, assessing various factors influencing price fluctuations and market sentiment.
