The price of Bitcoin has fallen by about 8% in the past 7 days, but the price started to rise in the afternoon trading on Friday afternoon. Today, the price of Bitcoin is between US$54,400 and US$54,800 per unit and has a market valuation of US$1.02 trillion. On Saturday morning, the overall market value of all existing more than 8,500 tokens was approximately $1.59 trillion.

  • Bitcoin (BTC) prices improved after falling from $57,207 to a low of $50,360 on Thursday. BTC rose by more than 3% today, but fell by 5% in the week of March 27, 2021. In all other coin valuations, Bitcoin dominates about 59.3%, while Ethereum (ETH) accounts for 11%.

The crypto market rebounds, Bitcoin prices consolidate, and BTC dominance levels decline

  • Bitcoin is still up more than 16% this month, 109% in the past three months, and 763% against the U.S. dollar for the whole year.
  • Today, the top trading pair for Bitcoin (BTC) is Tether (USDT), which accounts for 55% of crypto asset trading volume. This is followed by the US dollar (16.85%), the US dollar against the US dollar (5.92%), the Japanese yen (4.19%), the euro (3.84%) and the Korean won (2.38%).

  • This week, the cryptocurrency community is happy to hear Elon Musk reveal that the electric car company Tesla will now accept BTC purchases. Nick Jones, CEO of Zumo, a digital wallet and payment platform, believes that more brands will join Tesla’s leadership.
  • Jones explained: “We are very pleased to see Tesla now accepting Bitcoin as a payment method for its products.” Institutional investment from these brands and increased market support for cryptocurrencies are not only key indicators of their long-term value, but also It also has contemporary significance. The Zumo CEO added: “Knowing that more than half of UK cryptocurrency owners have purchased this currency in the past six months, I think more brands will follow suit.”
  • At the time of publication, the trading price of Ethereum (ETH), the second largest crypto asset by market capitalization, was $1,686 per unit, which has risen by more than 3% today. ETH followed closely behind, and in the fourth market position, Binance Coin (BNB) was trading at $254, a 2.5% increase in the past 24 hours.
  • Bitcoin Cash (BCH) is in 11th place today, with a transaction price of US$495 per lot of BCH. Crypto assets are up 0.64% today, down 6% this week, up 0.21% in the past 30 days, and up 48% in the past three months.
  • The two stocks with the biggest gains today include Chat Coin (CHAT) and Equity Network (XSN). The top two losers on Saturday morning included self-locking (KEY) and cortex (CTXC).
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