Shiba

Strong

Bitcoin

Dogecoin

dogwifhat

The crypto market has shown an incredible performance over the past week. Bitcoin has sustained momentum and risen above the $60,000 level, reaching $64,000. 
The levels reached at the end of February have suggested to many investors that March could be an even more impressive month for the current bullish rally. 
However, no prediction is set in stone, as many factors could swing investors’ sentiments and move the trends in the opposite direction. At the moment, the crypto market seems to have taken a small pause to catch its breath. 
<h2 style="font-weight: 400" id="crypto-market-momentarily-slows-down">Crypto Market Momentarily Slows Down</h2> 
The global crypto market reached a significant milestone for this bullish run a few days ago. As <a href="https://www.newsbtc.com/stablecoin/stablecoins-join-the-crypto-bull-run-with-140b-market-cap-highest-since-2022/" target="_blank" rel="noopener ">reported</a>, the total crypto market cap hit $2T on February 27, an accomplishment not seen since April 2022. 
As March begins, the market cap for the crypto market sits at $2.3 trillion, representing a 17.97% surge in the 7-day timeframe. This growth has surpassed the level established in early 2022 and potentially clears the path to the $2.4 trillion mark seen in December 2021. 
Nonetheless, the market rise seemingly slowed down momentarily. The current market cap of $2.31 trillion represents a modest 1.32% decrease over the last day, according to CoinMarketCap <a href="https://coinmarketcap.com/" target="_blank" rel="noopener nofollow">data</a>. 
Similarly, the total crypto market trading volume was around $127.9 billion at writing time, registering a significant 35.77% drop from yesterday. 
<img loading="lazy" decoding="async" class="wp-image-590943 size-medium aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-01-a-las-9.47.50-a.-m.png?w=460&amp;resize=460%2C374" alt="" width="460" height="374" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-01-a-las-9.47.50-a.-m.png?w=879 879w, https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-01-a-las-9.47.50-a.-m.png?w=460&amp;resize=460%2C374 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-01-a-las-9.47.50-a.-m.png?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-01-a-las-9.47.50-a.-m.png?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-01-a-las-9.47.50-a.-m.png?w=750 750w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
The data shows that Bitcoin and Ether have faced over 40% market activity decrease compared to the trading volume registered 24 hours ago. Similarly, some of the largest memecoins showed a slowdown in performance. 
As the list below shows, Dogecoin (DOGE) registered a 5.9% price drop on the last day. Likewise, Shiba Inu’s (SHIB) price decreased by 5.8% in the same timeframe. 
<img loading="lazy" decoding="async" class="size-large wp-image-590946 aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2024/03/IMG_2508.jpg?w=860&amp;resize=860%2C683" alt="" width="860" height="683" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/IMG_2508.jpg?w=1851 1851w, https://www.newsbtc.com/wp-content/uploads/2024/03/IMG_2508.jpg?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/IMG_2508.jpg?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/IMG_2508.jpg?w=860&amp;resize=860%2C683 860w, https://www.newsbtc.com/wp-content/uploads/2024/03/IMG_2508.jpg?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/03/IMG_2508.jpg?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/03/IMG_2508.jpg?w=1140 1140w" sizes="(max-width: 860px) 100vw, 860px" data-recalc-dims="1"> 
On the contrary, Solana (SOL) performed better on the last day than the top ten cryptocurrencies, registering a 4.1% price surge. &nbsp;SOL’s $134 price places it alongside DOGE as the best-performing cryptocurrencies among the top ten in the last seven. 
Among the largest gainers on the last day, PEPE <a href="https://www.newsbtc.com/meme-coin/pepe-whale-makes-big-moves-with-1-97t-deposit-to-exchange-and-shib-transaction/" target="_blank" rel="noopener ">reversed</a> yesterday’s 12% price drop after registering a 10.9% growth during the past 24 hours. Similarly, the dog-themed memecoins dogwifhat (WIF) and (BONK) registered a price increase of 20,66% and 6.65%, respectively. 
<h2 style="font-weight: 400" id="bitcoin-and-ether-remain-strong-amid-the-market-volatility">Bitcoin And Ether Remain Strong Amid The Market Volatility</h2> 
Some analysts <a href="https://www.newsbtc.com/bitcoin-news/jpmorgan-analysts-predict-bitcoin-crash-post-halving/" target="_blank" rel="noopener ">expect</a> a significant halving-related drop in Bitcoin’s price. Meanwhile, the King of crypto has shown strong resistance above a massive support wall, as crypto analyst Ali Martinez suggests. 
Over 1 million addresses are buying over 671,000 BTC within the $60,000 and $62,000 price range. Which, according to the analyst, highlights a strong investor confidence. This confidence could be a crucial support level and a cushion against a future price drop. 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#Bitcoin</a> holds above a massive support wall, with 1 million addresses buying over 671,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$BTC</a> within the price range of $60,334 to $62,155. 
 This accumulation zone highlights strong investor confidence and could serve as a crucial level of support for <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#BTC</a>, potentially… <a href="https://t.co/lmghohWR1U" rel="nofollow">pic.twitter.com/lmghohWR1U</a> 
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1763499267526656315?ref_src=twsrc%5Etfw" rel="nofollow">March 1, 2024</a>
</blockquote> 
At writing time, the flagship cryptocurrency trades at around $62,052.71, which only accounts for a 1% decrease from the day before. BTC has increased over 21.8% in the last week, and it’s only 10.34% lower than its all-time high (ATH) of $69,000 registered in November 2021. 
Likewise, it’s worth noting that Ether (ETH) has been showing a <a href="https://www.newsbtc.com/news/ethereum/ethereum-bulls-get-aggressive-as-traders-set-sights-on-4000-amid-market-frenzy/" target="_blank" rel="noopener ">robust performance</a> in the past few days amid the volatile crypto market. Maintaining its price range in the past 24 hours, the ‘king of altcoins’ registered only a 1.8% price decrease from yesterday. ETH currently trades at $3,411.88, representing a notable 16.2% rise in the past week. 
<img loading="lazy" decoding="async" class="alignnone size-large wp-image-590947" src="https://www.newsbtc.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-01_08-10-37.png?w=860&amp;resize=860%2C435" alt="BTC, BTCUSDT, Bitcoin" width="860" height="435" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-01_08-10-37.png?w=1023 1023w, https://www.newsbtc.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-01_08-10-37.png?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-01_08-10-37.png?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-01_08-10-37.png?w=860&amp;resize=860%2C435 860w, https://www.newsbtc.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-01_08-10-37.png?w=750 750w" sizes="(max-width: 860px) 100vw, 860px" data-recalc-dims="1">

Crypto Market Slowdown Amid Rally? Prices Remain Strong With Bitcoin Above $62K

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