Bitcoin
Bitcoin (BTC)
$63,758.00 -0.99437
Bitcoin price
Ethereum
Ethereum (ETH)
$3,421.18 0.2363
Ethereum price
BNB
BNB (BNB)
$569.73 -0.18046
BNB price
Solana
Solana (SOL)
$158.18 0.88227
Solana price
XRP
XRP (XRP)
$0.5687870 -9.91397
XRP price
Shiba Inu
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$0.0000172 -7.90038
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Pepe
Pepe (PEPE)
$0.0000116 -2.57672
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Bonk
Bonk (BONK)
$0.0000265 -1.8326
Bonk price
Bitcoin
Bitcoin (BTC)
$63,758.00 -0.99437
Bitcoin price
Ethereum
Ethereum (ETH)
$3,421.18 0.2363
Ethereum price
BNB
BNB (BNB)
$569.73 -0.18046
BNB price
Solana
Solana (SOL)
$158.18 0.88227
Solana price
XRP
XRP (XRP)
$0.5687870 -9.91397
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000172 -7.90038
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000116 -2.57672
Pepe price
Bonk
Bonk (BONK)
$0.0000265 -1.8326
Bonk price
Bitcoin
Bitcoin (BTC)
$63,758.00 -0.99437
Bitcoin price
Ethereum
Ethereum (ETH)
$3,421.18 0.2363
Ethereum price
BNB
BNB (BNB)
$569.73 -0.18046
BNB price
Solana
Solana (SOL)
$158.18 0.88227
Solana price
XRP
XRP (XRP)
$0.5687870 -9.91397
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000172 -7.90038
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000116 -2.57672
Pepe price
Bonk
Bonk (BONK)
$0.0000265 -1.8326
Bonk price
Bitcoin
Bitcoin (BTC)
$63,758.00 -0.99437
Bitcoin price
Ethereum
Ethereum (ETH)
$3,421.18 0.2363
Ethereum price
BNB
BNB (BNB)
$569.73 -0.18046
BNB price
Solana
Solana (SOL)
$158.18 0.88227
Solana price
XRP
XRP (XRP)
$0.5687870 -9.91397
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000172 -7.90038
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000116 -2.57672
Pepe price
Bonk
Bonk (BONK)
$0.0000265 -1.8326
Bonk price

Bitcoin’s rally above $73,000 persists despite swift plunge

bitcoins-rally-above-73000-persists-despite-swift-plunge
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Bitcoin’s rally above $73,000 persists despite swift plunge

Bitcoin demonstrates ongoing momentum surging to a high of $73,887 without showing signs of exhaustion.

The crypto market saw Bitcoin (BTC) break new ground, hitting an all-time high of $73,887 (on EXMO) before experiencing a rapid pullback as it briefly touched $74,000. This surge in volatility followed a record-breaking day, with net inflows totaling over $1 billion, according to data from BitMEX Research.

As per data, Blackrock recorded a historic $849 million cash inflow for spot Bitcoin exchange-traded funds (ETFs) as demand keeps growing.

Bitcoin's rally above $73,000 persists despite swift plunge - 1

Meanwhile, data from Coinranking indicate that Bitcoin surpassed the $78,000 mark on Korean crypto exchanges such as Bithumb and Coinone. However, this apparent price gap is attributed to the phenomenon known as the Kimchi premium, as crypto.news reported earlier.

Bitcoin’s latest rally comes on the heels of a recent dip below the $69,000 mark on Mar. 12, when the largest crypto by market capitalization briefly dropped to around $68,600. Despite the setback, Bitcoin appears to be regaining strength, with long traders anticipating further positive movements.

According to data from Coinglass, the number of long positions exceeds short positions by nearly $10 million at the time of writing.

Meanwhile, analysts at QCP Capital observe a softening in front-end volumes, with Ethereum (ETH) volumes experiencing a more significant decline compared to Bitcoin. They suggest that investors seeking to capitalize on high yields without taking directional risks may view current price levels as “another chance to sell the spot-forward spreads at these elevated levels.”