Thu, March 28

Bitcoin Price Jumps to 26K, Will this Prolong or Breakdown?

BitMEX Co-founder Optimistic of Bitcoin Reaching $1M Amid Bank Run Bitcoin News
  • Bitcoin price surged over 31.21% in the last 7 days.
  • BTC regained a $5 billion market cap.

The global crypto market leader, Bitcoin (BTC), surged over 6.48% in the last 24 hours and reached a nine-month high of $26,256 after taking a deep dive into the $15K range during the prolonged bear market. In addition, BTC recapped a market cap of the $5 billion range since June 12, 2022. 

Bitcoin (BTC) Price Chart (Source: CoinGecko)

Today, most of the top cryptocurrencies are in the green. BTC’s price has soared by an astounding 31.21% in the last seven days and nearly 58% year to date. Bitcoin Fear & Greed Index, after witnessing Fear last week, is now in the “Neutral stage” with a value of 51 out of 100. Result of this, BTC indicates a ‘Strong Buy’ signal, as per TradingView. 

Further, the largest cryptocurrency sparked Crypto Twitter a lot since the stock market volatility, led by the U.S. largest bank Silicon Valley shut down. Also, the global market cap holds $1.16 trillion, which rose by around 4.5% in a day. 

At the time of writing, Bitcoin traded at $26,256, with a 24-hour trading volume of $40 billion.  Moreover, the largest altcoin, Ethereum (ETH), also climbed about 3.27% in a day and 22% in a week. At the time of writing ETH traded in the $1.7K price range.

Recommended for you 

A journalism graduate who is passionate about writing loves to dance and travel currently starts exploring blockchain technology.