Bitcoin surpasses $67,000, Ether and Solana manage to see gains despite the continued slowdown

On Friday, March 29, Bitcoin recorded a loss of 0.18%. The value of Bitcoin, at the time of writing this article, stood at $67,034 (approximately Rs. 55.8 lakh). In the last 24 hours, the value of Bitcoin has fallen by $111 (around 9,250 rupees). Market experts believe that the most expensive asset could see its price consolidate at $70,400 (around Rs. 58.6 lakh) in the coming days. Lots of cryptocurrencies followed Bitcoin in the wake of losses.

Bind, Binance coin, Currency in USD, Cardano, Bitcoin CashAND Polygon followed Bitcoin to the losing side of the cryptocurrency chart on Friday.

“Both Bitcoin and Ethereum are expected to see some volatility with $15 billion (approximately Rs. 1,25,022 crore) worth of options set to expire. Overall, the market remains extremely greedy,” Edul Patel, CEO of Mudrex, told Gadgets360.

Ether managed to see a minuscule gain of 0.86% as of Friday. The price of Ether currently stands at $3,390 (approximately Rs. 2.82 lakh).

Solana, Ripple, Dogemoneta, Avalanche, Shiba InuAND Polka dot managed to record smaller gains.

The list was further added by Tron, Close to the protocol, Litecoin, ChronoAND Stellar.

“On the market front, most of the top 10 crypto assets by market cap managed to trade in the green over the past 24 hours, with DOGE (+9.4%) leading the gains. Technical analysis proves it The performance of the DOGE could be attributed to a prolonged reversal,” Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, told Gadgets360.

The cryptocurrency market is currently witnessing legal clashes from several players in different geographical locations. Binance, Coinbase and KuCoin are already under investigation in Nigeria, the Philippines and the United States for several issues.

Additionally, Sam Bankman-Fried, the CEO of the now-defunct FTX exchange, was sentenced to 25 years in prison for multi-billion dollar FTX fraud.

The overall cryptocurrency market capitalization increased by 0.58% in the last 24 hours. The industry’s valuation currently stands at $2.65 trillion (approximately Rs. 2,20,87,246 crore), according to CoinMarketCap.

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