Bitcoin, Ether & Major Altcoins Weekly Market Update - March 28, 2022: A Sea of Green!
The crypto market saw significant gains in the week ending March 28, 2022, with Bitcoin and major altcoins experiencing a notable rally. The total crypto market cap added $249 billion, reaching $2.12 billion. Explore top cryptocurrencies with Crypto.com, where you can find real-time price, coins market cap, price charts, historical data and currency converter. Bookmark the Price page to get the latest updates.
Bitcoin (BTC) Leads the Charge
Bitcoin started the week at around $41,500 and closed near $47,000, demonstrating considerable strength. The Bitcoin price at press time is $ 47,085 after growing by 5.48% in the last 24 hours. The two largest cryptocurrencies by market capitalization, Bitcoin (BTC) and Ether (ETH), rallied by 21.31% and 21.24%, respectively.
Ether (ETH) & Altcoin Gains
There\'s a sea of green across major altcoins! Ether, the world\'s second-largest crypto asset, has been closely tracking market movements, with the altcoin posting fortnightly gains of 30%. Ethereum (ETH) and Binance-coin (BNB), the second and third largest assets on the Brave New Coin market cap table, are up ~12% and ~7% in the last week. Binance Coin (BNB), XRP, Cardano, and Solana also made gains.
Market Outlook & Potential Retracement
BTC and most major altcoins could witness a minor dip to retest lower support levels, if the market does not sustain, and close above these levels. But given that the rally has come with good momentum, this may be avoided. Last week’s late surge was particularly encouraging. The total crypto trading volume increased by 4.93% in the past 24 hours, indicating continued interest.
Cryptocurrency Price Snapshot (March 28, 2022)
| NAME | PRICE | 1H % |
|---|---|---|
| 1Bitcoin BTC | $47,081.81 | 0.18% |
| 2Ethereum ETH | $3,323.46 | 0.32% |
| 3Tether USDT | $1.00 | 0.01% |
| 4XRP XRP | $0.82 | 0.47% |
*Prices are approximate and may vary slightly depending on the exchange. See all prices at coinmarketcap.com.
In the short term, Bitcoin\'s biggest challenge will be maintaining its upward momentum. Stay tuned for more updates as the week unfolds!