Bitcoin price FintechZoom March 14: Bitcoin reached a new all-time high of $73,700, with BNB and Solana also surging up to 14%,

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Stacked golden Bitcoin coins against a vibrant cryptocurrency trading graph, highlighting the dynamic nature of digital currency markets.

Bitcoin price FintechZoom: Due to investor inflows into recently launched spot bitcoin exchange-traded funds and expectations that the Federal Reserve will soon lower interest rates, Bitcoin, the largest cryptocurrency in the world by market value, reached a new all-time high of $73,700 on Thursday. At 12:43 PM IST, it was 0.7% higher at $70,496.

In the meantime, over the past day, the value of the worldwide cryptocurrency market has increased by 0.9% to over $2.75 trillion, according to Bitcoin price FintechZoom.

Avalanche (4.1%), Polygon (3.6%), Dogecoin (7%), BNB (13.8%), Solana (9.6%), and Shiba Inu (1.3%) were among the other well-known cryptocurrency tokens that saw a spike. Conversely, Uniswap, XRP, Toncoin, and Ethereum all saw declines.

According to Edul Patel, CEO of Mudrex, “the market’s upward momentum is linked to rising interest in Bitcoin spot ETFs and the approaching Bitcoin halving event, which has historically impacted the price of Bitcoin.”

Notwithstanding the current surge in Bitcoin price of Bitcoin, FintechZoom, and other cryptocurrency tokens, several market professionals are recommending investors exercise caution. With the fear and greed index at 91 right now, the market is extremely high by Bitcoin price FintechZoom.

“The fear and greed index has now moved into the extreme greed category, signaling a correction is due, and eventually the bears are going to have a big day at the market,” CoinSwitch Markets Desk stated after another day of BTC hitting all-time highs.

$137.8 billion has been traded on the cryptocurrency market in the last 24 hours, a 13.2% decline. According to data accessible on CoinMarketCap, the total amount of stablecoins is currently $124 billion, or 90.3% of the entire 24-hour volume of the cryptocurrency market.

The largest cryptocurrency in the world, Bitcoin, saw a rise in market capitalization to $1.436 trillion in the past day. 52.12% of the market is presently occupied by Bitcoin, according to CoinMarketCap. The volume of BTC dropped 20.7% to $48 billion in the last day.

The CEO of Giottus, Vikram Subburaj, said the following about the projected target price of Bitcoin: “Bitcoin is shooting for $75,000 this week as net daily inflows into spot ETFs touch $1 billion.” Strong buying activity meets any profit-taking as a strong support level was established at $68,000.

BITCOIN PRICE FINTECHZOOM MARCH 14

The image showcases a Bitcoin to USD exchange rate interface. Bitcoin price FintechZoom value is highlighted at $73,384.99, showing a positive change of $1,107. A green line graph depicts Bitcoin’s price fluctuations over time. The interface includes time frame options for detailed analysis and additional data such as open, high, low, and market capital at the bottom, providing a comprehensive view of Bitcoin’s current market performance. The highest point on the graph is near $73,663, indicating a bullish trend in the cryptocurrency market. Bitcoin price FintechZoom.

Bitcoin jumped to around $73,000 by Bitcoin price FintechZoom:

With a strong base, pivot point at $70,013, and resistance levels between $73,824 and $79,904, Bitcoin surged to almost $73,000. Crucial support levels situated at $67,154, $64,861, and $62,192 provide a safeguard against possible declines in Bitcoin price at FintechZoom .

Strong purchasing activity is indicated by technical indicators, such as the 50-day exponential moving average (EMA) at 68,547 and the relative strength index (RSI) of 71, which are supported by bullish candlestick patterns. A break below $72,000 might force a reassessment, while a break over $72,000 could maintain the positive trend.

Nevertheless, despite the current confidence, caution is suggested if the price falls below $72,000, since this could indicate a change in trend.

(Disclaimer: The experts’ views, opinions, suggestions, and recommendations are entirely their own. These do not reflect The Crypto’s opinions. Bitcoin price FintechZoom,)

 

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