Bittime - The crypto market is dominated by a bullish trend, mainly driven by rising Bitcoin (BTC) prices. Altcoins like Shiba Inu (SHIB) and ORDI (ORDI) have also seen huge gains, capitalizing on Bitcoin's positive momentum.
The observed rise in the market culminated with a 4.3% increase in global crypto market capitalization.
On March 31, market capitalization reached $2.66 trillion, driven by $11 billion in capital inflows.
Shiba Inu (SHIB) Goes on a Winning Streak
Shiba Inu ended last week with positive performance, and this trend continued this week with four consecutive days at the start.
On March 25, despite benefiting from Bitcoin's upward momentum, SHIB saw only a slight increase of 2.24% at the end of the day.
The gain was enough to maintain a three-day winning streak that began on March 23.
On Tuesday, March 26, Shiba Inu continued its upward trend, bucking the market trend with an intraday gain of 6.76%. With this rally, SHIB closed above $0.00003 for the first time in 12 days.
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Shiba Inu (SHIB) Experiences Price Fluctuations, Holds Above $0.00003
Despite a slight correction the following day, Shiba Inu, the meme-inspired token, managed to maintain its position above $0.00003.
This price became the launching pad for the next surge, reaching a peak of $0.00003285 on March 28. However, Shiba Inu then weakened and ended the day with a gain of 6.10%.
In the following days, Shiba Inu experienced a significant correction. However, the token managed to maintain the $0.000030 level and is looking to reach $0.000031. Currently, Shiba Inu is up 8.5% for the week, with prices reaching $0.00003048.
Also read: Get ready to make money! These 5 Low Cap Altcoins Have the Potential to Skyrocket in April
ORDI (ORDI) One of the Biggest Winners in the Last 1 Day
Inspired by Casey Rodarmor's Ordinal Protocol, the ORDI token became one of the best performing crypto assets last week.
Despite experiencing a significant initial decline, with the price falling 4% from its opening price to a low of $60.9 on March 28, ORDI managed to bounce back strongly.
This retest of the $60 level was an important turning point for ORDI, and since then, the asset has shown significant positive movement.
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ORDI Performance: Significant Increase and Top Position in the Market
A strong rebound on Saturday, March 30, pushed Bitcoin-focused cryptocurrency ORDI to a substantial gain of 8.78%. This is the most significant intraday increase in the last ten days.
This performance allowed ORDI to reclaim the $70 price level. Although the asset closed below $70 on March 30, ORDI continued its gains this morning.
With a significant surge of 10.60% in the last 24 hours, ORDI has emerged as one of the best performers in the market.
ORDI secured fourth position among the biggest gainers in the top 100. Furthermore, this crypto asset has achieved an increase of 10.25% for this week.
Bitcoin (BTC) Returns to $70,000 Level after Last Week's Drop
After experiencing a significant decline, Bitcoin managed to recover and return to the $70,000 level.
In the previous week, Bitcoin experienced bearish pressure that saw it fall below $70,000 and almost reach the $60,000 zone.
However, the recent recovery push has revived investor optimism, allowing Bitcoin to regain the $70,000 level.
This shows that even though Bitcoin experiences high volatility, this asset still has appeal for investors.
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Bitcoin's Rise Buoyed by March 25 Surge and ETF Inflows
Bitcoin prices experienced significant increases this week, with the biggest spike occurring on March 25.
On the day, BTC surged to $71,213, marking its biggest intraday gain in a week. This increase ended the downward trend over the previous few days.
One factor driving this rally is a positive change in the momentum of Bitcoin exchange-traded funds, or ETFs.
This financial instrument experienced outflows for five consecutive days, but on March 25 there was a net inflow of $15.7 million. This shows that investors are starting to become interested in Bitcoin again.
Also read: Want to Get Passive Income from Crypto? Floki Inu to Scorpion Casino could be an option
Soaring BTC Price
Overall, Bitcoin's rise this week can be attributed to a combination of factors, including the surge on March 25 and a positive change in ETF fund momentum.
On March 26, the ETF market saw a significant increase in capital, with total inflows reaching $418 million. This number is the highest since March 13.
Meanwhile, BTC is still in a consolidation phase, where the price moves within a certain range.
Bitcoin faced strong resistance at the $71,754 level, but managed to defend the support level at $68,362.
Throughout this period, Bitcoin experienced a fluctuating trend, but managed to maintain the gains made at the beginning of the week.
How to Buy Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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