Bitcoin

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FLOKI

Optimism

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-holds-steady-at-62000-as-altcoins-show-robust-gains" rel="noopener noreferrer nofollow">Bitcoin Holds Steady at $62,000 as Altcoins Show Robust Gains</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/investor-scores-multi-million-dollar-profit-from-timely-bitcoin-trade" rel="noopener noreferrer nofollow">Bitcoin</a> maintains its position at $62,000, defying concerns over an immediate sell-off. Investors are retaining their stakes thanks to double-digit returns in alternative cryptocurrencies (altcoins) strengthened by Bitcoin’s solid performance. The <a href="https://en.bitcoinhaber.net/spotlight-on-crypto-a-year-of-impressive-growth-and-optimism-for-bitcoin-etfs" rel="noopener noreferrer nofollow">cryptocurrency</a> market started March with a strong stance, and here’s a summary of the latest developments.</p>
<h2 id="stable-bitcoin-price-and-altcoin-optimism">Stable Bitcoin Price and Altcoin Optimism</h2>
<p style="text-align: justify">With a 20.4% increase over the previous week, Bitcoin’s value hovers around $62,000, showing remarkable stability. Investors remain bullish as the cryptocurrency market sentiment index hits above 85, a level of optimism rarely seen. The Bitcoin Dominance Index slightly below 52% suggests a potential for more significant altcoin rallies.</p>
<p style="text-align: justify">The momentum of Bitcoin, after establishing $40,400 as a support level, faces resistance at $64,000. Surpassing $64,300 could signal breaking the all-time high of $69,000 on <a href="https://en.bitcoinhaber.net/binance-schedules-maintenance-to-enhance-convert-feature" rel="noopener noreferrer nofollow">Binance</a>. Despite high profitability among investors and strong optimism for the outlook of 2024, profit-taking has yet to commence. Should inflows through ETFs persist, Bitcoin’s market cap could soar beyond its current $1.2 trillion valuation.</p>
<h2 id="overall-cryptocurrency-market-dynamics">Overall Cryptocurrency Market Dynamics</h2>
<p style="text-align: justify">The total market capitalization of cryptocurrencies is $2.35 trillion, with ambitions to reach the psychological $3 trillion mark in the medium term. Despite a 20% decrease in trading volume across platforms, the $87 billion volume indicates a bullish market reminiscent of previous highs. Meme coins have outperformed with FLOKI and WIF seeing significant weekly gains of over 300%.</p>
<p style="text-align: justify">Other altcoins like BSV, THETA, BCH, CRO, and GALA have also enjoyed increases exceeding 60% over the past week. The top 100 cryptocurrencies have mostly recorded gains, with just a handful such as WLD and BGB Coin experiencing modest declines.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-holds-steady-at-62000-as-altcoins-show-robust-gains" rel="noopener noreferrer nofollow">Bitcoin Holds Steady at $62,000 as Altcoins Show Robust Gains</a></h5>

Bitcoin Holds Steady at $62,000 as Altcoins Show Robust Gains

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