CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • Fund
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$56,655.00
  • ethereum
    ETH$2,225.91
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    Home » Market Updates » Bitcoin Takes Back $56,000: ETH Reclaims $1,700 (Weekend Watch)

    Bitcoin Takes Back $56,000: ETH Reclaims $1,700 (Weekend Watch)

    Author: Jordan Lyanchev

    Last Updated Mar 29, 2021 @ 07:23

    Bitcoin takes another step upwards by overcoming $56,000, Ethereum has reclaimed $1,700, while BNB has jumped the most by 9% to $275.

    Following another dip to $54,000, bitcoin has bounced off and has added over $2,000 of value. Some altcoins have registered even more impressive gains in the past 24 hours, led by Binance Coin’s 9% surge to $275.

    BTC Retakes $56K

    After the mid-week price slump when it dropped from over $57,000 to a three-week low of just above $50,000, bitcoin has been gradually increasing in value.

    Even the fears that the record $6 billion worth of options contracts that expired on Friday would insert enhanced volatility that could plummet the price didn’t shake the first-ever cryptocurrency.

    Just the opposite, BTC continued on its way up, which led to overcoming $55,000 as reported yesterday. However, the bears were looming and put some pressure that resulted in dipping to $54,000 once more.

    That was short-lived, though, as the primary cryptocurrency has bounced off since then. In the following hours, bitcoin jumped to an intraday high of $56,500. It has retraced with a few hundred dollars now but still stands above $56,000.

    Alicia Bakery
    CMO - A really good agency

    Did you like this market update?
    This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

    Invalid email address
    Your privacy is guranteed.
    Thanks for subscribing, you will get your first report in the next hours!

    Interestingly, Santiment data shows that the general weighted social sentiment still indicates that bitcoin and ether are in bearish territory. However, the analytics company said that prices typically “move opposite to crowd expectations,” which could imply upcoming price increases for the two largest digital assets.

    Bitcoin and Ethereum Social Sentiment Vs. Price. Source: Santiment
    Bitcoin and Ethereum Social Sentiment Vs. Price. Source: Santiment

    ETH Reclaims $1,700: BNB Spikes 9%

    Although the community might be expecting some short-term price drops for Ethereum, as mentioned above, the cryptocurrency has actually increased slightly since yesterday. As a result, ETH has jumped back above $1,700. A few days ago, the asset dropped to roughly $1,550.

    Litecoin (1%) and THETA (5%) are also up from the top ten to $185 and $13, respectively. Binance Coin is the most impressive performer from the larger-cap altcoins with a 9% surge. Consequently, BNB has increased to $275 after dropping to $225 on Thursday.

    Cardano (ADA), Polkadot (DOT), Ripple (XRP), and Uniswap (UNI) have remained essentially stagnant on a 24-hour scale.

    Cryptocurrency Market Overview. Source: Quantify Crypto
    Cryptocurrency Market Overview. Source: Quantify Crypto

     

    More fluctuations are evident from lower- and mid-cap altcoins, as expected. HedgeTrade has entered the top 100 coins by market cap after a 50% jump in a day to $2.1.

    Storj follows with a 48% increase since yesterday and a whopping 270% surge in a week.

    Ankr (39%), Helium (25%), PancakeSwap (22%), ICON (21%), Ontology (14%), Solana (12%), and Curve DAO Token (11%) are next.

    Ultimately, the cumulative market capitalization of all cryptocurrency assets has added $60 billion in a day to $1.770 trillion. This also means that the metric is up by $170 billion in four days.

    SPECIAL OFFER (Sponsored)
    Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.
    Tags: Bitcoin (BTC) Price Ethereum (ETH) Price
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

    button
  • bitcoin
    BTC$56,655.00
  • ethereum
    ETH$2,225.91
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    bigomex
    Bitcoin Editorials
    6 Ways to Avoid Losing Your Funds to DeFi Scams in 2021

    6 Ways to Avoid Losing Your Funds to DeFi Scams in 2021

    4 Reasons Altcoin Season 2021 Has Officially Started

    4 Reasons Altcoin Season 2021 Has Officially Started

    After Tesla: Is Apple Eyeing Bitcoin? What We Could Expect to See Next (Opinion)

    After Tesla: Is Apple Eyeing Bitcoin? What We Could Expect to See Next (Opinion)

    What Is NFT? Non-Fungible Tokens Guide For Dummies

    What Is NFT? Non-Fungible Tokens Guide For Dummies

    What is BitClout? The Latest Crypto Hype – Is It Safe?

    What is BitClout? The Latest Crypto Hype – Is It Safe?

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top