The past week witnessed a largely bullish trend across the crypto market, with Bitcoin (BTC) leading the way and altcoins like Shiba Inu (SHIB) and ORDI (ORDI) also making significant gains.
Bitcoin’s Recovery: Bitcoin, after experiencing bearish pressure and briefly dropping below $70,000, staged a recovery to reclaim the $70,000 territory. A notable rebound occurred on March 25, pushing BTC to $71,213 and marking its largest intraday gain for the week. Positive momentum in spot Bitcoin exchange-traded funds (ETFs) further fueled investor optimism. Despite encountering resistance at $71,754, Bitcoin successfully maintained support at $68,362, reflecting a weekly gain of 4.76% and trading at $70,409 at the time of reporting.
Shiba Inu’s Winning Streak: Shiba Inu continued its bullish momentum from the previous week, extending its winning streak for four consecutive days. Despite a modest increase on March 25, SHIB saw a notable intraday gain of 6.76% on March 26, closing above $0.00003 for the first time in 12 days. Despite encountering a correction, SHIB managed to uphold the $0.000030 level and currently stands at an 8.5% increase for the week, with a current price of $0.00003048.
ORDI’s Standout Performance: ORDI, inspired by Ordinals Protocol, showcased a standout performance last week. Initially experiencing a decline, ORDI rebounded strongly from the $60 level, achieving a substantial 8.78% gain on March 30. This surge propelled ORDI to recapture the $70 price level and emerge as one of the top gainers in the market. With a notable 10.60% surge in the last 24 hours and a 10.25% increase for the week, ORDI has demonstrated impressive resilience and growth.
Overall, the market witnessed a positive trend, with Bitcoin leading the recovery and altcoins like SHIB and ORDI showing strong performances, indicating renewed investor confidence and optimism in the crypto sector.
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