Bitcoin Loses Steam After All-Time High Last Week
Bitcoin (BTC), the most popular cryptocurrency in the world, has been steadily losing steam since touching its new all-time high of $73,794 on March 14. This could be caused due to high selloffs among investors, which was expected once the peak was reached. At the time of writing, Bitcoin is dwelling within the $64,000 range and is on a steady decline. It remains to be seen where BTC finds its consolidation point, or if the bulls will be able to turn things around.
Before we proceed further, readers should note that the overall crypto market and coin prices are extremely volatile in nature. There are no foolproof methods to ascertain how cryptocurrencies are expected to behave in the future. This article is aimed at helping investors stay on top of the current market scenarios and the biggest events that have already taken place as well as some upcoming occurrences that are worth noting.Investors are advised to do their own research before taking any call.
Crypto Prices Over The Past Week
Last Monday (March 11), the overall crypto market cap stood at $2.58 trillion. BTC price stood at around $68,500, ETH price stood at around $3,800.
A week later, the overall market cap dipped to $2.45 trillion.
DeFi's total volume stands at $16.1 billion, at 9.37 percent of the total market 24-hour volume. In the case of stablecoins, the overall volume stands at $159.71 billion, at 92.95 percent of the total 24-hour market volume. As per CoinMarketCap, the overall market fear and greed index stood at ‘Extreme Greed’ with 83 points (out of 100).
BTC dominance, at the time of writing, stood at 52.53 percent.
Over the past seven days, Bitcoin achieved a high of $73,794 (on March 14) and a low of $63,446 (March 19).
Ethereum, on the other hand, saw a high of $4,060.46 (March 13) and a low of $3,239.61 (March 19).
