Bitcoin, Ethereum Grow 18% On The Week, Markets In Green
After a rough start to the week that brought Bitcoin’s (BTC) price to below $7,500 Sunday, March 18, the market is in the green today, March 24 with BTC inching closer to $9,000, up about 18 percent since the drop. Since Monday, March 19, BTC has been trading sideways, staying between $8-$9,000 on average.
On March 21, CEO of both Twitter and Square Jack Dorsey said that he sees Bitcoin as the world and Internet’s future – singular – currency, potentially what caused BTC’s price to break $9,000 that same day.
However, just the next day, March 22, Bitcoin prices dropped again below $9K, and altcoins followed, after some uncertainty surrounding cryptocurrency exchange Binance – who received a notice from the Japanese Financial Services Authority (FSA) for being unregistered and then announced it was moving to Malta – unsettled markets.
Bitcoin is currently up a little over 4.5 percent on the day, trading at an average of $8,980 to press time.
Ethereum (ETH) has remained below $600 all week, after a March 18 sharp fall brought its price to a multi-month low below $500. ETH has regained a bit over 17 percent since the drop, currently trading at $540, up 2.71 percent to press time.
Ripple (XRP) is up almost 3 percent over a 24 hour period, trading around $0.65 by press time.
Of the top ten coins listed on CoinMarketCap, IOTA, which holds tenth place, is up the most at about 8 percent over a 24 hour period, trading at around $1.40 by press time.