Bitcoin Reaches $69K, Oil Prices End March Up 60%: Market Watch


Oil futures prices ended March with the most significant gains in their nearly 40-year history.

Bitcoin jumped to a new multi-day peak of over $69,200 earlier today as markets braced for Trump’s upcoming speech on war against Iran.

Most large-cap altcoins are also in the green, with ETH rising above $2,100 and XRP defending $1.30 support. ZEC and HBAR posted the biggest gains.

BTC stopped at $69,000

The primary cryptocurrency ended the previous business week with a sharp price decline that took it from $69,000 to a multi-week low of $65,600, which… drag Entire market sentiment is back in “extreme fear” territory. The asset found some support at those levels before falling to a new monthly high of $65,000 on Monday morning when legacy futures markets opened.

The bulls finally resurfaced at this point and did not allow another collapse. Instead, Bitcoin began to regain some ground and reached $68,000 later on Monday. It fell again to $66,400, and jumped by two thousand and decreased Back to $66,000 yesterday as the war in the Middle East continues.

As soon as the Iranian president said that his country was ready to end the war if it received certain guarantees, Bitcoin jumped to $68,400 again, but was stopped. It broke through this level earlier today and reached $69,200 after reports appeared US President Trump will address the situation at a later time.

Currently, Bitcoin has fallen to $68,700, to avoid This is the sixth consecutive decline in March, as the market value reached $1.375 trillion. Alts have over 56% dominance over CG.

BTCUSD April 1. Source: TradingView
BTCUSD April 1. Source: TradingView

Oil month

Given the fact that Iran, one of the world’s largest oil hubs, has been under attack for the entire month, and that the Strait of Hormuz remains largely closed, the price of the commodity is expected to go on a rollercoaster ride.

Overall, he finished the month of March with a massive 60% increase. In fact, Brent crude futures recorded the largest monthly increase since the contracts were created nearly 40 years ago.

Ethereum is above $2.1K

Ethereum has jumped more than 3% in the past 24 hours and is now well above $2,100. XRP held the resistance level at $1.30 and now stands at $1.36. BNB price exceeds $615, while LINK, ZEC, AVAX, and HBAR recorded more impressive gains than the more valuable altcoins. In contrast, CC, BCH, and TRX are slightly in the red.

The total cryptocurrency market cap has added around $60 billion per day and is approaching $2.450 trillion on CG.

Cryptocurrency Market Overview April 1. Source: QuantifyCrypto
Cryptocurrency Market Overview April 1. Source: QuantifyCrypto

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