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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-maintains-stability-despite-market-swings" rel="noopener noreferrer nofollow">Bitcoin Maintains Stability Despite Market Swings</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/exploring-bitcoins-market-momentum-with-stablecoin-supply-indicators" rel="noopener noreferrer nofollow">Bitcoin</a>, the prominent digital currency, experienced a notable high reaching $73,777 in March but then faced a decline. Despite this, the cryptocurrency managed to avert significant losses and made a sharp recovery from the $60,000 level. Contributing factors to the market situation included substantial net outflows from exchange-traded funds and significant sales by Genesis. Market dynamics were also swayed by news from major exchanges such as <a href="https://en.bitcoinhaber.net/binance-to-halt-nigerian-naira-transactions" rel="noopener noreferrer nofollow">Coinbase</a> and KuCoin, which affected investor confidence.</p>
<h2 id="recent-bitcoin-price-trends">Recent Bitcoin Price Trends</h2>
<p style="text-align: justify">At the moment, Bitcoin’s trading value hovers around $69,940, with a slight dip to $69,540 observed within the day. As March concludes, Bitcoin retains its gains, and holding the price over $69,000 may signal potential further increases. The cryptocurrency has been on an upward trajectory since breaking the $40,000 barrier on January 26. However, resistance is met with selling pressure above $71,000, creating a significant hurdle for the digital asset to revisit record highs.</p>
<p style="text-align: justify">Should the month end above the $69,000 mark, it wouldn’t be unexpected for Bitcoin to aim for the $77,000 range in the coming weeks. Conversely, if the current support fails, investors could find Bitcoin trading at lower thresholds of $59,100 or even $54,570 below the $60,400 mark.</p>
<h2 id="overall-cryptocurrency-market-outlook">Overall Cryptocurrency Market Outlook</h2>
<p style="text-align: justify">The weekend brought a reduction in trading volumes to approximately $60 billion. Coinciding with the end of March, many investors are away on holiday, and the U.S. markets are closed on Friday, contributing to a quieter trading atmosphere. The cumulative market capitalization of cryptocurrencies stands at $2.64 trillion.</p>
<p style="text-align: justify">Bitcoin has witnessed nearly a 10% increase over the week, while altcoins have recovered from the sharp declines seen the previous week. <a href="https://en.bitcoinhaber.net/dogecoin-soars-with-new-gigawallet-initiative-and-market-rally" rel="noopener noreferrer nofollow">DOGE</a>, for instance, has surged around 20% in the past seven days. In the top 100 cryptocurrencies, CORE and WIF have seen over 80% growth. Meanwhile, KuCoin’s KCS Coin suffered a 22% drop following a legal altercation. Apart from a few exceptions, most major cryptocurrencies have limited their weekly losses to under 4%. The upcoming week could bring heightened volatility, with more details expected in an upcoming report.</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-maintains-stability-despite-market-swings" rel="noopener noreferrer nofollow">Bitcoin Maintains Stability Despite Market Swings</a></h5>

Bitcoin Maintains Stability Despite Market Swings

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