Crypto Market Overview March 21,2024

Welcome to Crypto Insider's Thursday Edition! As the week progresses, so does the excitement in the crypto sphere. Today, we're thrilled to bring you a curated selection of the latest news, trends, and insights shaping the digital asset landscape. Join us as we delve into market movements, expert analysis, and uncover valuable opportunities for investors and enthusiasts alike. Let's navigate Thursday's crypto landscape together and stay ahead of the curve

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

The global crypto market cap is $2.53T, a 6.35% increase over the last day.

The total crypto market volume over the last 24 hours is $140.8B, which makes a 9.16% decrease. The total volume in DeFi is currently $12.39B, 8.80% of the total crypto market 24-hour volume. The volume of all stable coins is now $125.78B, which is 89.33% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 51.79%, a decrease of 0.61% over the day.

History of Crypto: Bitcoin — Satoshi Nakamoto’s response to the global financial crisis

Welcome to the History of Crypto, a Cointelegraph series that brings readers back in time to the most significant events in the crypto space. Powered by Phemex, the timeline allows crypto community members to explore and look back at the important events that shaped the industry into what it is today. 

This article explores the pivotal years from 2009 to 2012, focusing on the global context and challenges when the enigmatic and pseudonymous Satoshi Nakamoto made their appearance. The journey starts from the creation of the Bitcoin protocol and continues by outlining other significant milestones in the early days of the digital currency space and the emergence of alternative coins, commonly known as altcoins.

This period sets the foundational stage for the innovation and diversification that will characterize the future of the cryptocurrency ecosystem.

Bitcoin Price At Risk of More Downsides Before Fresh Increase To $70K

Bitcoin price struggled to recover above the $68,800 resistance. BTC is now moving lower and there is a risk of more downsides below the $65,000 support.

  • Bitcoin price is struggling to start a fresh increase above the $68,000 zone.

  • The price is trading below $68,000 and the 100 hourly Simple moving average.

  • There is a connecting bearish trend line forming with resistance at $67,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).

  • The pair could gain bullish momentum if it clears the $68,000 resistance zone in the near term.

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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