Digital Asset Insights 28.03.23

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This post was originally published on Trademakers

courtesy of trademakers

There is no better way to stay ahead of the cryptocurrency market than to stay informed. If you have some doubts or you are just unsure which digital asset is worth the investment, this weekly report is here to guide you in making the right choices.

Bitcoin (BTC)

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The market closed higher on March 21st, with BTC closing at 28,114.0, up 1.42% from the previous day’s close. The market saw a trading volume of 438.78K, with positive news about institutional adoption driving much of the market’s movements.

On March 22nd, BTC closed at 26,668.7, down 3.03% from the previous day’s close. The market saw a trading volume of 262.03K. However, the market rebounded on March 23rd, with BTC closing at 28,310.7, up 3.85% from the previous day’s close. The market saw a trading volume of 158.46K, driven by positive news in the cryptocurrency industry.

The market’s fluctuations continued on March 24th, when BTC closed at 27,026.5. On March 25th, BTC closed at 27,475.6, up 0.05% from the previous day’s close. The market saw a trading volume of 61.36K.

This followed a significant gain of 1.81% on March 26th, when BTC closed at 28,023.3, driven by strong demand from institutional investors. The market saw a trading volume of 60.64K that day.

On March 27th, 2023, the price of Bitcoin (BTC) experienced a slight dip, closing at 27,689.2, down 0.07% from the previous day’s close.

Overall, BTC has seen significant fluctuations in recent days. Investors will be watching closely to see how the market continues to perform in the coming weeks.

Ethereum (ETH)

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Good news for investors who hold Ethereum! Despite a slight decrease of 0.52% on March 27th, the Ethereum market has been showing positive trends in the past week. On March 26th, Ethereum increased by 1.82%, reaching a high of 1,796.77. Even though there was a decrease of 0.4% on March 25th, the overall trend is still looking promising.

Looking back at the week, we saw a dip on March 24th with a decrease of 3.57%, but this was quickly followed by a surge of 4.59% on March 23rd. This shows that Ethereum has the ability to quickly recover from any setbacks.

The Ethereum market on March 22nd showed a decline of 3.83%, but it is worth noting that this was also the day with the highest trading volume at 933.24K. As we can see, there are always fluctuations in the market, but as a whole, Ethereum has been showing promising signs.

Investors who hold Ethereum should remain optimistic and continue to keep a watchful eye on the market. With a positive tone in the air, we can hope for a steady increase in the coming.

Ripple (XRP)

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XRP, the popular cryptocurrency, recorded a 5.55% increase on March 27, 2023, according to the latest data available. The coin’s value stood at $0.47283, up from $0.44795 the previous day. This marks a positive development for the digital asset, which has been facing a rollercoaster ride in the market lately.

On March 26, 2023, XRP was valued at $0.44797, a slight increase from the day before, but still lower than its current value. The cryptocurrency traded between a low of $0.44066 and a high of $0.46300 during that day, with a total volume of 483.05 million XRP.

XRP’s value has been fluctuating significantly in recent days, with highs and lows of varying degrees. On March 25, the coin was valued at $0.44321, and traded between a low of $0.42560 and a high of $0.46416, with a total volume of 830.88 million XRP.

As of March 24, XRP’s value was at $0.42557, which marked a decrease from the day before. The cryptocurrency traded between a low of $0.41561 and a high of $0.44384, with a total volume of 691.45 million XRP.

On March 23, XRP experienced a significant increase in value, with its price rising to $0.44398 from the previous day’s $0.42129. The digital asset traded between a low of $0.41183 and a high of $0.45431, with a total volume of 1.08 billion XRP.

The cryptocurrency’s value declined on March 22, with XRP trading between a low of $0.40995 and a high of $0.47470. The coin’s value on that day stood at $0.42112, which marked a decrease of 10.07% from the previous day. XRP’s total volume was at 1.82 billion XRP.

On March 21, XRP’s value recorded a significant increase of 25.49%, with the cryptocurrency trading between a low of $0.37295 and a high of $0.49268. The coin’s value on that day stood at $0.46829, with a total volume of 2.18 billion XRP.

XRP’s value has been volatile in recent days, with the coin experiencing both significant increases and decreases in value.

Cardano (ADA)

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Cardano (ADA) experienced a mixed week in the cryptocurrency market, with fluctuations in its price over the past few days. On March 27th, 2023, Cardano was trading at $0.3523, which is a 0.96% decrease from the previous day. This decline comes after a surge of 1.22% on March 26th, where the cryptocurrency was trading at $0.3557.

On March 25th, Cardano experienced a drop of 2.20% in its price, with the cryptocurrency trading at $0.3514. The previous day, March 24th, Cardano’s value fell by 3.34%, with the cryptocurrency trading at $0.3593. This dip comes after a significant increase of 3.37% on March 23rd, where Cardano was trading at $0.3717.

On March 22nd, Cardano dropped by 2.82% with the cryptocurrency trading at $0.3596, while on March 21st, Cardano’s price surged by 11.49% to trade at $0.3700. On March 20th, Cardano was trading at $0.3319, with a slight increase of 1.27% from the previous day.

The overall trend for Cardano over the past week has been volatile, with significant price fluctuations. However, it’s worth noting that the cryptocurrency market is known for its unpredictable nature and that price changes are not unusual. Therefore, it’s essential to keep an eye on the market to make informed decisions when trading cryptocurrencies like Cardano.

Solana (Sol)

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On March 27, 2023, Solana (SOL), the popular cryptocurrency, experienced a slight loss of 1.80%. The coin started the day at $20.580 and ended the day at $20.354. The daily volume was recorded at 2.72M.

Over the last seven days, SOL has been experiencing a lot of market volatility. On March 26, 2023, SOL recorded a gain of 2.60% with the price fluctuating between $20.295 and $21.117. On March 25, 2023, the coin recorded a loss of 1.13% with the price fluctuating between $20.129 and $20.969.

On March 24, 2023, SOL recorded a loss of 6.87% with the price fluctuating between $20.308 and $22.270. The daily volume was significantly high at 8.00M. However, the coin recovered some of its losses on March 23, 2023, with a gain of 3.54%. The price fluctuated between $21.172 and $22.741, and the daily volume was 7.73M.

On March 21, 2023, the coin recovered with a gain of 1.93%. The price fluctuated between $21.578 and $23.316, and the daily volume was 9.94M. Despite the recent market volatility, SOL has been performing relatively well compared to other cryptocurrencies. Investors and traders are closely monitoring the coin’s performance and its potential to deliver profits in the future.

Tether (USDT)

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Tether’s value has been relatively stable over the past week, with a slight decrease of 0.04% recorded on March 27, 2023. According to data, Tether was trading at a value of 1.0002, with a 24-hour trading volume of 72.40M.

On March 26, 2023, Tether’s value was recorded at 1.0007, with a trading volume of 39.43M. This value remained stable, recording a 0.00% change in value. On March 25, 2023, Tether’s value was recorded at 1.0006, with a trading volume of 55.04M. However, there was a slight decrease in value of 0.04%. On March 24, 2023, Tether’s value was recorded at 1.0010, with a trading volume of 158.91M. This value remained stable, recording a 0.00% change in value.

On March 23, 2023, Tether’s value was recorded at 1.0010, with a trading volume of 238.15M. However, there was a slight decrease in value of 0.05%.

On March 22, 2023, Tether’s value was recorded at 1.0015, with a trading volume of 231.05M. This value remained stable, recording a 0.01% change in value. On March 21, 2023, Tether’s value was recorded at 1.0015, with a trading volume of 234.06M. However, there was a slight decrease in value of 0.02%.

Tether, the stablecoin that is pegged to the US dollar, is used to facilitate transactions on cryptocurrency exchanges. Its stable value has made it a popular choice for traders looking to hedge against volatility in the cryptocurrency market. While Tether’s value has remained stable in the past week, the cryptocurrency market has been experiencing volatility, with some major cryptocurrencies recording significant drops in.

Binance Coin (BNB)

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Binance Coin (BNB), the native cryptocurrency of the Binance exchange, has experienced a lot of price volatility in the past week. On March 20, 2023, the coin opened at a price of $332.40 and has since witnessed several price fluctuations.

As of March 27, 2023, the coin’s price was $328.49, down by 0.03% from the previous day’s closing price. The coin’s highest point during the week was on March 23, 2023, when it reached $329.31, while its lowest point was on March 22, 2023, when it dropped to $321.20.

On March 26, 2023, the coin saw a significant price increase of 1.89%, closing at $328.60. The following day, on March 27, 2023, the coin saw a slight drop in price by 0.03%.

The trading volume of BNB also saw significant fluctuations during the week, with the highest trading volume of 1.32 million recorded on March 22, 2023.

Overall, Binance Coin’s price volatility over the past week indicates that the cryptocurrency market remains highly unpredictable, and investors need to exercise caution while trading in digital assets.

The post Digital Asset Insights 28.03.23 first appeared on trademakers.

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