Cryptocurrency Price on March 26: Bitcoin Surges Above $70,000; Internet Computer and Shiba Inu Rise Up to 14% : iksadia oasidsaj odasijdsa

Major cryptocurrencies kicked off the week with a robust rally, bouncing back from recent dips as Bitcoin once again breached its 2021 peak. Moreover, the global cryptocurrency market cap surged by 4.4% to approximately $2.67 trillion over the last 24 hours.

Bitcoin surged past the $70,000 mark on Tuesday in early trading, marking its first ascent above this level in 10 days and gaining nearly 5% over the past 24 hours. During the same period, Ethereum saw a 4.8% increase, while tokens for major layer-1 blockchains Solana and Avalanche experienced nearly 4% jumps.

“Bitcoin reclaiming $70,000 signals that the market is ready to push for another all-time high before the halving in 25 days. Bitcoin’s retest of $61,000 last week is likely a local low which will provide strong support post-halving in case of a dip,” remarked Vikram Subburaj, CEO of Giottus.

Meanwhile, Shivam Thakral, CEO of BuyUcoin, noted, “After a week of consolidating, Bitcoin broke $71,000 on Monday and is now hovering around $70,000, which is acting as a temporary support. The next target for Bitcoin would be the $80,000 level breakout, which would confirm the foundation for $100,000.”

Several other altcoins also surged, with BNB (1.4%), XRP (2%), Cardano (3.1%), Dogecoin (3.4%), Chainlink (5.9%), Shiba Inu (4.3%), and Internet Computer (14.5%) recording notable gains.

The total volume in DeFi currently stands at $10.95 billion, constituting 9.7% of the total crypto market 24-hour volume. Additionally, the volume of all stablecoins has reached $100 billion, representing 88.72% of the total crypto market 24-hour volume, according to data available on CoinMarketCap.

Over the last 24 hours, the market cap of Bitcoin, the world’s largest cryptocurrency, surged to $1.387 trillion, with Bitcoin’s dominance currently at 52.01%, as per CoinMarketCap. BTC volume in the last 24 hours rose by 48.1% to $42.4 billion.

“Technically, BTC appears to be resuming its uptrend after a brief pullback. It’s holding above $70,000 and aiming to surpass its recent all-time high around $73,880, which could trigger a significant upward movement. BTC dominance has been declining, providing an opportunity for altcoins to excel,” stated the CoinDCX Research Team.

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