Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
The crypto markets are in the green today, with BTC close to $9,000 and ETH inching closer to $600.
After a rough start to the week that brought Bitcoin’s (BTC) price to below $7,500 Sunday, March 18, the market is in the green today, March 24 with BTC inching closer to $9,000, up about 18 percent since the drop. Since Monday, March 19, BTC has been trading sideways, staying between $8-$9,000 on average.
On March 21, CEO of both Twitter and Square Jack Dorsey said that he sees Bitcoin as the world and Internet’s future – singular – currency, potentially what caused BTC’s price to break $9,000 that same day.
However, just the next day, March 22, Bitcoin prices dropped again below $9K, and altcoins followed, after some uncertainty surrounding cryptocurrency exchange Binance – who received a notice from the Japanese Financial Services Authority (FSA) for being unregistered and then announced it was moving to Malta – unsettled markets.
Bitcoin is currently up a little over 4.5 percent on the day, trading at an average of $8,980 to press time.
Ethereum (ETH) has remained below $600 all week, after a March 18 sharp fall brought its price to a multi-month low below $500. ETH has regained a bit over 17 percent since the drop, currently trading at $540, up 2.71 percent to press time.
Ripple (XRP) is up almost 3 percent over a 24 hour period, trading around $0.65 by press time.
Of the top ten coins listed on CoinMarketCap, IOTA, which holds tenth place, is up the most at about 8 percent over a 24 hour period, trading at around $1.40 by press time.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.