Crypto Market Overview March 10,2024

As the weekend unfolds, we're here to bring you a curated selection of the week's top stories, trends, and insights from the world of cryptocurrencies. Whether you're catching up on the latest market movements or seeking expert analysis, we've got you covered. Sit back, relax, and dive into the world of digital assets with us as we navigate the week's highlights together."

MARKET OVERVIEW (Today's Cryptocurrency Prices by Market Cap)

The global crypto market cap is $2.62T, a 0.68% increase over the last day.

The total crypto market volume over the last 24 hours is $103.6B, which makes a 25.27% decrease. The total volume in DeFi is currently $9.98B, 9.63% of the total crypto market 24-hour volume. The volume of all stable coins is now $91.15B, which is 87.98% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.11%, an increase of 0.43% over the day.

Bitcoin Price Sets Eyes On New ATH, $70K Could Be Next Hurdle

Bitcoin price is up over 8% and trading above the $67,500 resistance. BTC is eyeing a new all-time high and could even hit the $70,000 level.

  • Bitcoin price is moving higher above the $66,500 support zone.

  • The price is trading above $67,500 and the 100 hourly Simple moving average.

  • There is a connecting bullish trend line forming with support at $66,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).

  • The pair could accelerate higher toward the $69,200 resistance or even $70,000.

Bitcoin bull Cathie Wood: ARK Invest BTC price target 'well above' $1M

Bitcoin has transformed since the launch of the United States’ first spot exchange-traded funds (ETFs), Cathie Wood confirms.

Speaking before a mainstream media audience, the well-known Bitcoin bull doubled down on her existing conviction over the largest cryptocurrency’s future.

Such is the interest and momentum behind the spot ETFs, she explained, that even ARK itself has been forced to reevaluate how bullish it is on BTC.

Previously, the firm’s price target focused on $1 million per bitcoin by the year 2030. Now, the roadmap is changing.

“That target — it was before the SEC gave us the green light, and I think that was a major milestone, and it has pulled forward the timeline,” she explained, referring to the regulatory nod from U.S. regulator, the Securities and Exchange Commission.

Wood continued that no major wire house — names such as Morgan Stanley, Merryl Lynch or Bank of America — has yet joined the institutional push.

Stay tuned for tomorrow's updates as we bring you the latest news and information. We will keep you informed and provide you with all the necessary details.

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