Cryptocurrency Price on March 29: Bitcoin trades above $70,000; Dogecoin jumps over 9%
Cryptocurrency markets were trading higher in Friday's trade, led by Bitcoin, Ethereum, Solana, and Dogecoin. Meanwhile, the global cryptocurrency market cap surged 1.8% to around $2.65 trillion in the last 24 hours.
At 9:40 a.m., Bitcoin was trading 1.5% higher at $70,425, while Ethereum was up 1.7% at $3,560. At the same time, other altcoins such as Solana (3.1%), XRP (1.8%), Dogecoin (9.2%), Shiba Inu (3%), and Bitcoin Cash (9.2%) surged.
«Over the past 24 hours, Bitcoin has experienced relatively stable price movement, consolidating around the $70,400 mark. However, Bitcoin's trading volume has decreased by approximately 20%. The next resistance level for Bitcoin is at $71,855, with the next support level at $69,231,» said Edul Patel, CEO of Mudrex.
«Ethereum has also shown mostly sideways price action, currently trading around $3,550. Both Bitcoin and Ethereum are expected to experience increased volatility due to approximately $15 billion worth of options set to expire. Overall, the market sentiment remains extremely greedy,» Edul added.
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