Bitcoin (BTC) is still in the same time-consuming consolidation phase as it was last week. Bitcoin price has been moving sideways for a while now and there seems to be no end in sight. As Bitcoin gains strength in preparation for its next big price move, you can read all about the current state of the cryptocurrency market in this market update.
Crypto Radar: Uniswap explodes after big news for UNI holders
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Market updates
Bitcoin price is stuck in a narrow range
Last weekend, as usual, nothing exciting happened regarding the Bitcoin price. However, the weekend started with a good price increase. The price of Bitcoin rose several percent in the late hours of Friday and Saturday morning. Since then, the price has been moving in a narrow range around $51,500.
Looking at the bigger picture, it can be seen that Bitcoin has been stuck in a range between approximately $50,600 and $53,000 for about two weeks.
On Friday night, before the uptrend started, Bitcoin touched the crucial support level of $50,600.
If the price falls below this level, the next important support level is $48,000.
In case prices rise, the area around $53,000 is a logically important one to watch.
At the time of writing, the price of BTC on SATOS-backed cryptocurrency exchange Bybit was worth $51,491. On Dutch cryptocurrency exchange Bitvavo, the price of BTC in euros is 47,571.
What will Bitcoin do in March? Of course, no one knows, but you can always guess. Share your predictions for next month via the poll below!
Ethereum takes the lead in the list of top 10 cryptocurrencies
The top 10 cryptocurrencies are showing a mixed picture with both rises and declines. Ethereum (ETH) is the big winner today with an increase of 2.20 percent.
Additionally, BNB (BNB) is up 1.39% and Solana (SOL) is up 0.44% in the past 24 hours.
On the other hand, Ripple (XRP) fell by 1.24%, Cardano (ADA) fell by 1.44%, and Dogecoin (DOGE) fell by 0.52%.
Cryptocurrency Radar: Ethereum breaks the $3,000 barrier, and the market is on the rise
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Market updates
10 EUR in free cryptocurrency of your choice
Are you looking for a reliable place to buy cryptocurrencies like Bitcoin or Ethereum? In collaboration with Crypto Insiders, Dutch trading platform Bitvavo is offering free €10 to new users. This is approximately equal to 125.58 DOGE or 18.29 ADA! Click the button below to create a new Bitvavo account:
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