Bitcoin and Ethereum Spike 5% Amid Crypto Market Sunday Surge | Coinparative
Coinparative

  • News
    • Crypto News
    • Blockchain News
    • Altcoin News
    • Press Release
    • NFT News
    • Metaverse
    • Web3.0 News
    • Trending
  • Insights
    • Explainer
    • Research
  • Guides
  • Market
    • Market analysis
    • Market News
    • Reviews
    • Price Index
  • Videos 🚀
No Result
View All Result
  • About Us
  • Contact
  • bitcoin
    Bitcoin(BTC)
    $0.00-1.08%
  • ethereum
    Ethereum(ETH)
    $0.00-2.25%
  • usdex-stablecoin
    USDEX(USDEX)
    $0.00-0.53%
  • tether
    Tether(USDT)
    $0.000.120%
  • usd-coin
    USD Coin(USDC)
    $0.000.070%
  • binancecoin
    BNB(BNB)
    $0.00-0.73%
  • ripple
    XRP(XRP)
    $0.00-0.71%
  • binance-usd
    Binance USD(BUSD)
    $0.000.320%
  • cardano
    Cardano(ADA)
    $0.00-1.01%
  • dogecoin
    Dogecoin(DOGE)
    $0.000.710%
  • matic-network
    Polygon(MATIC)
    $0.00-2.69%
  • okb
    OKB(OKB)
    $0.007.06%
  • solana
    Solana(SOL)
    $0.00-2.55%
  • staked-ether
    Lido Staked Ether(STETH)
    $0.00-2.29%
  • polkadot
    Polkadot(DOT)
    $0.00-2.92%
  • shiba-inu
    Shiba Inu(SHIB)
    $0.00-0.44%
  • avalanche-2
    Avalanche(AVAX)
    $0.006.20%
  • litecoin
    Litecoin(LTC)
    $0.00-0.87%
  • tron
    TRON(TRX)
    $0.00-1.82%
  • dai
    Dai(DAI)
    $0.000.080%
View All
Coinparative
Home News

Bitcoin and Ethereum Spike 5% Amid Crypto Market Sunday Surge

March 28, 2022
in News
250 2
A A
0
Bitcoin and Ethereum Spike 5% Amid Crypto Market Sunday Surge
Share on FacebookShare on Twitter

The price of Bitcoin, Ethereum and other crypto currencies soared on Sunday. This pushed past recent resistance levels as the whole market jumped higher. CoinMarketCap shows that Bitcoin has increased more than 5% over 24 hours to $47.020. Ethereum is up about 5% to $3.292, according CoinMarketCap.

Bitcoin is currently up 14% and Ethereum up 15% over the past week.

Other top coins rose too: Polkadot(DOT) was up 7% within 24 hours, Dogecoin(DOGE) was up 6%, Solana [SOL] is up 5%. Avalanche,AVAX, XRP, and Cardano were up 3%.

It was not immediately clear what caused the rebound, but it’s likely a combination of many factors that have been gestating over the short and long term, including crypto news and broader market trends.

For example, the S&P 500 has risen for a week straight, and Bitcoin’s correlation with stocks is At a 17-month high. Additionally, Do KwonIn a Twitter Spaces, Luca, the creator of protocol Terra (LUNA), stated that he plans on buying billions in Bitcoin and keeping it in a reserve in order to back the stablecoin TerraUSD. (UST). Luna Foundation’s officialBitcoin wallet address currently holds more than $1.1 BillionKwon plans on accumulating up to $10 billionBTC has a value.

Bitcoin balances on exchanges have also fallen to their lowest point in over three decades according to GlassnodeThis indicates increased demand and interest in moving Bitcoin from exchanges via cold storage methods such as Hardware wallets.

All cryptocurrency exchanges have low Bitcoin reserves. Source: CryptoQuant.

In other news, El Salvador has continued its push toward Bitcoin mass adoption with its “volcano bonds” which, while delayed, are still being planned for the country. El Salvador’s President Nayib Bukele told his 3.6 million Twitter followers last week to invest in the volcano bonds to “make the world that bit harder to police.”

And let’s not forget Ukraine’s official Legalization of cryptocurrencyContinued Acceptance of donations(More than $100 million) in the form Bitcoin, Ethereum and Polkadot.

Ask Dogecoin founders. Billy Markus, “The answer is always manipulation.”



Source: Decrypt

Share196Tweet123Share34Pin44ShareSend

Related Articles

US Federal Reserve Board Issues Policy Statement That Limits Banks’ Crypto Related Activities – Regulation Bitcoin News
News

US Federal Reserve Board Issues Policy Statement That Limits Banks’ Crypto Related Activities – Regulation Bitcoin News

January 28, 2023
1.4k
FTX Co-Founder Sam Bankman-Fried Seeks Removal of Bail Restrictions on Crypto Asset Transfers – Bitcoin News
News

FTX Co-Founder Sam Bankman-Fried Seeks Removal of Bail Restrictions on Crypto Asset Transfers – Bitcoin News

January 28, 2023
1.4k
How crypto turned Portugal into a promised land for entrepreneurs
Blockchain News

How crypto turned Portugal into a promised land for entrepreneurs

January 28, 2023
1.4k
Litecoin’s Hashrate Reaches All-Time High, Difficulty Follows Suit – Altcoins Bitcoin News
News

Litecoin’s Hashrate Reaches All-Time High, Difficulty Follows Suit – Altcoins Bitcoin News

January 28, 2023
1.4k
Biggest Movers: DOGE up to 6-Week High, as AVAX Jumps 13% on Saturday
News

Biggest Movers: DOGE up to 6-Week High, as AVAX Jumps 13% on Saturday

January 28, 2023
1.4k
Token unlocks: short-term volatility brings long-term growth
Blockchain News

Token unlocks: short-term volatility brings long-term growth

January 28, 2023
1.4k
Load More

Discussion about this post

Coinparative

2022 © All Rights Reserved.

Coinparative specializes in the digital News and research on cryptocurrency, Digital Assets and Blockchain

  • Advertise
  • Privacy Policy
  • Terms
  • About Us
  • Contact

Follow Us

No Result
View All Result
  • News
    • Crypto News
    • Blockchain News
    • Altcoin News
    • Press Release
    • NFT News
    • Metaverse
    • Web3.0 News
    • Trending
  • Insights
    • Explainer
    • Research
  • Guides
  • Market
    • Market analysis
    • Market News
    • Reviews
    • Price Index
  • Videos 🚀

2022 © All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
DON’T MISS OUT!
Subscribe To Newsletter
Be the first to get latest updates and exclusive content straight to your email inbox.
Stay Updated
Give it a try, you can unsubscribe anytime.
close-link
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.