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On March 12th, cryptocurrency prices momentarily visited the $73,000 mark before experiencing a sharp pullback. Bitcoin continued its tradition of refreshing its all-time high (ATH) daily. On the other hand, Ethereum also maintained its upward trend, reaching new highs not seen since 2021. Another development was the recent loss of the 10th position by SHIB to another contender.
Current Bitcoin Status
The past week’s events in Bitcoin continued with the refreshing of new records. When Bitcoin reached its November 2021 ATH of $69,200, everyone had a target of $100,000, but it did not materialize as expected.
Subsequently, the fallen price fully recovered by February 2024, first surpassing its previous ATH. Yesterday at noon, the Bitcoin price momentarily surged above the $73,000 level, reaching a new ATH.
Afterward, the price retracted and as of this morning’s writing time, it was trading at $72,200, up 0.55%. BTC‘s 24-hour trading volume decreased by 5%, surpassing $64.6 billion. The overall volume continued to stay above $1.4 trillion.
Latest Altcoin Status
Firstly, the strong stance on the Ethereum (ETH) side continues. ETH’s price maintains its steady appearance, sitting at the $4,036 level. Ethereum had recently passed the critical threshold of $4,000 for the ETH price.
Solana, (SOL) left its recent surge behind and has a negative outlook today. SOL’s price has fallen below $150 after a 2.60% decrease in the last 24 hours.
Among the cryptocurrencies that caught attention in the morning hours yesterday, Binance Coin (BNB), the native token of the Binance exchange, has a negative outlook today. BNB’s price is finding buyers at the $537 level after a 0.63% drop.
Back in the Top 10
The native token of the Avalanche network, AVAX, saw a 10.73% increase to $53.51 in the last 24 hours, claiming the 10th spot in market cap rankings from Shiba Inu (SHIB) on a day dominated by stable market conditions.
AVAX’s 24-hour trading volume increased by 24%, amounting to $2.4 billion, indicating a growing investor interest. Meanwhile, the market cap that pushed AVAX to the 10th position also reflected a 10% increase to $20.196 billion on the charts.
