Cryptocurrency Price on March 18: Bitcoin trades near $68,500; Avalanche, Shiba Inu jump up to 18%
Cryptocurrency markets were trading higher on Monday, led by Bitcoin, Ethereum, Solana, and Avalanche, ahead of the Fed's policy decisions due this week.
Investors await the central bank's policy decisions, due later in the week, as they look for clues into the future global interest rate trajectory.
In the last 24 hours, Bitcoin jumped to an intraday peak of $68,897 in volatile trading. It was last 3.92% higher at $68,458 at 11:22 am IST.
Ethereum, the second largest crypto token, gained over 2.6% to $3,633. Other popular crypto tokens such as Solana (9%), XRP (2.8%), Cardano (4%), Avalanche (18.3%), Dogecoin (6%), and Shiba Inu (13.4%) also surged. The global cryptocurrency market cap rose 3.3% to around $2.6 trillion in the last 24 hours.
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View Details»«Bitcoin traded above the $67,000 mark over the weekend, rebounding slightly following liquidations triggered by higher-than-anticipated US CPI data. If the price reverses, support is anticipated around $65,500, while resistance awaits at $70,600,» said Edul Patel, CEO of Mudrex.
The total
