Cryptocurrency Price on March 27: Bitcoin above $70,000; Solana, Avalanche shed up to 4%
Cryptocurrency markets were trading lower in Wednesday's trade, dragged by Bitcoin, Ethereum, Solana, and BNB. Meanwhile, the global cryptocurrency market cap declined 0.6% to around $2.65 trillion in the last 24 hours.
At 10.40 a.m., Bitcoin was trading 0.5% lower at $70,370, while Ethereum was down 1.4% at $3,583. Also, altcoins such as Solana, BNB, XRP, Cardano and Avalanche, fell 2-4%. On the other hand, Dogecoin (3%), Shiba Inu (7%), and Internet Computers (2.2%) surged.
«Bitcoin saw a mix of buying and selling pressure, leading to price fluctuations before settling around $70,500. Bitcoin's next resistance level is expected at $70,979, with the next support level at $68,955,» said Edul Patel, CEO of Mudrex.
CoinSwitch Markets Desk, said, «While BTC bulls have been able to manage BTC prices above $70k after a retest of $69k as support, several analysts are predicting that a short squeeze might be on the cards as well. However, Ethereum, in comparison to BTC, has been quite weak as the ETH/BTC chart is unable to bounce back hard from the 0.05 mark with the odds of ETF approval for Ethereum also reducing for May.»
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus,
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