cryptocurrency market
ISLAMABAD
The cryptocurrency market remained mixed on Friday, with the market capitalization losing 0.2 percent to reach $2.78 trillion.
As of 1250 hours GMT, the price of Bitcoin, the world’s oldest and most valued cryptocurrency, slipped to $70,046 with a decrease of 0.5 percent in the last 24 hours. The market capitalization of the biggest crypto has reached $1.378 trillion with this decrease. Bitcoin has been 9.1 percent up in the past seven days.
Throughout March, Bitcoin has shown a pattern of reaching new highs followed by healthy corrections, although the reason for the recent rally is uncertain. The next resistance level for Bitcoin is at $73,882, with the previous support level far behind at $65,234. Similarly, Ether (ETH), the world’s second-largest cryptocurrency by market capitalization, shed 0.6 percent to reach $3,541.
