Bitcoin Gearing Up for Next Leg Above $69aK, Ethereum Eyes $4K: Key Trading Levels Bitcoin faced selling pressure after attempting to break $69,000, dropping to $59,000, losing momentum. Ethereum outperformed, aiming for $4,000 despite resistance at $3,975. Both cryptocurrency #BTC #ETH
The cryptocurrency Market has been experiencing a selloff over the last few days, causing ripples of concern among investor, with the Bitcoin price now trading around the $64,000 mark. The recent volatility has led to a flurry of activity, with prices fluctuating and presenting both challenge and potential openings for those keen on capitalizing on the pullback.#BTC #HotTrends
Reported by cointelegraph, solana network activity surpassed Ethereum over the weekend amid a scaramble for solana based memecoins causing the network to struggle to keep up. on march 16, solana's total trading volume soared past Etherem network by more than $ 3.52 billion and beating out the daily volume on the Etherem network by more than $ 1.1 billion ,per Defillama. However , the solana network struggled to keep up with the influx of activity, with many users across X complaning about frequent instances of failed or maissing transaction. According to solana validator data, cited by pseudonymous user ''Dagnum'' on X solana's ping time ran between 20 and 40 second at 8 pm UTC on march 16, resulting in approximatly 50% of transaction failing for around 20 minutes. the huge upstick in solana network activity was driven by an outsized appetite for new memcoins. on march 14, degens began piling into a new memcoin called book of meme [BOME], which rallied from near zero to a market capitalization of $1,45 billion in just 56 hours. Another memecoin Dubbed ''$NAP'' [NAP] also garnered significant attention from traders, rallying from a market cap of around $20 million to over $330 million in less than 18 hours.
According to Binance Market Data , Bitcoin has crossed the 68,000 USDT benchmark and is now trading at 68,096 USDT , with a 0.40% decrease in 24 hours #BTC
CPI Data Today High Volatility Ahead If CPI Below 3.1% = Bullish If CPI Above 3.1% = Bearish Overall the bigger picture is Bullish season is Ahead of us. #BTC #HotTrends #DOGE #WIF #BullishTimesAhead