Bitcoin (BTC) is once more trading in the green, albeit not by much, following a value decline of more than 6% at the beginning of March. According to the cryptocurrency market tracking website CoinMarketCap, BTC is exchanging hands for $22,401.71, up 0.07% in value from the previous day. During the same period, the cryptocurrency market leader was also able to reach highs of $22,497.00 and lows of $22,331.31.
Also, over the previous day, it gained roughly 0.54% in value relative to Ethereum (ETH), its main rival. Yet, during the past seven days, BTC has continued to fall by more than 4%. Bitcoin was also in the red last month by more than $4 addition to this.
Although BTC’s 24-hour trading volume remains negative, it is currently $13,889,022,607, following a more than 6% increase from yesterday. Bitcoin now has a market capitalization of $432,439,033,180.
Michael van de Poppe, a well-known cryptocurrency trader, investor, and analyst, posted on Twitter earlier this morning to provide his opinions and observations regarding Bitcoin’s performance the previous weekend. According to van de Poppe, the value of Bitcoin has been Since it is a correction, it is a little dull.
The analyst also mentioned his opinion that the cryptocurrency king would make another sweep of the lows before “reversing up” once more. But, he did say that problems could arise if the value of BTC falls below $21.5K.