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Crypto Markets Rebound, Bitcoin Price Consolidates, BTC Dominance Levels Sink

The price of bitcoin dropped around 8% during the last seven days, but prices started to improve during Friday’s mid-afternoon trading sessions. Today, bitcoin is swapping for prices between $54,400 to $54,800 per unit and commands a $1.02 trillion market valuation. The overall market capitalization of all 8,500+ coins in existence is around $1.59 trillion on Saturday morning.

  • Bitcoin (BTC) prices have seen some improvements after the price slid from $57,207 to a low of $50,360 on Thursday. BTC is up today over 3%, but down 5% for the week on March 27, 2021. Bitcoin dominance among all the other coin valuations combined is around 59.3% while ethereum (ETH) captures 11%.

Crypto Markets Rebound, Bitcoin Price Consolidates, BTC Dominance Levels Sink

  • Bitcoin is still up over 16% for the month, 109% during the last three months, and 763% against the USD for the year.
  • The top trading pair with bitcoin (BTC) today is tether (USDT) which commands 55% of the crypto asset’s trades. This is followed by USD (16.85%), BUSD (5.92%), JPY (4.19%), EUR (3.84%), and the KRW (2.38%).
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  • This week the cryptocurrency community was pleased to hear that Elon Musk revealed that the electric car company Tesla will now accept BTC for purchases. The CEO of Zumo, a digital wallet and payments

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currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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