Last week, the cryptocurrency market experienced a bullish trend, driven by the rise in Bitcoin (BTC) prices. Altcoins like Shiba Inu (SHIB) and ORDI also saw significant gains, benefiting from Bitcoin’s momentum. The global crypto market capitalization increased by 4.3% to $2.66 trillion on March 31, with an influx of $11 billion in capital.
Bitcoin Reclaims $70,000
After a challenging week, Bitcoin managed to reclaim the $70,000 territory following a recovery push. The premier cryptocurrency saw a 4% increase on March 25, reaching $71,213, marking its largest intraday gain for the week. Despite encountering resistance at $71,754, Bitcoin held strong support at $68,362. Currently valued at $70,409, Bitcoin has gained 4.76% for the week.
Shiba Inu’s Winning Streak
Shiba Inu continued its bullish performance, with a four-day winning streak at the beginning of the week. Despite a modest 2.24% increase on March 25, SHIB maintained its upward trajectory, closing above $0.00003 for the first time in 12 days. With an 8.5% increase for the week, SHIB is currently priced at $0.00003048.
ORDI Among Top 24-Hour Gainers
ORDI token, inspired by Ordinals Protocol, stood out as one of the top performers last week. After a 4% decline on March 28, ORDI experienced an 8.78% gain on March 30, reaching the $70 price level. With a 10.60% surge in the last 24 hours, ORDI has secured the fourth position among the largest gainers in the top 100 cryptocurrencies, with a 10.25% increase for the week.