$8.5K Then $3K — This Trader’s Bitcoin Price Call Is Playing Out

Markets News
The Bitcoin price (BTC) has recovered strongly from $5,200 to $7,200 in the past two weeks, despite the declining appetite for high-risk assets including single-stocks and cryptocurrencies.
One prominent trader predicted the entire price movement of Bitcoin since its initial drop from $10,500 to sub-$6,000, and in the medium-term, the digital asset’s trend remains gloomy.

Crypto market daily price chart. Source: Coin360
The rationale behind a short-term rally to $8,500PentarhUdi..

4 Key Bitcoin Metrics Show Not All Hope Is Lost for BTC Price

Markets News
Bitcoin (BTC) price dropped to $3,700 for a brief period on March 12, ending the day at $4,970. By March 13, the price recovered from the major downtrend, ending the day at $5,563 and showing an impressive return of over 11%.

Cryptocurrency market daily performance. Source: Coin360
The recent market turmoil, whether in traditional markets or the crypto space, has raised questions on the price evolution for Bitcoin, as well as its crucial network features. Let’s take a look at fou..

Crypto Market Cap Hits $300 Billion But Bitcoin Dominance Down 6% YTD

Market Analysis
Today, as Bitcoin price (BTC) strives to achieve a new high, the crypto market achieved a $300 billion market capitalization. Over the past month, the figure has steadily increased from $218.4 billion to $303.1 billion, and the total market cap has gained 65.92% since the start of 2020.

Crypto market daily price chart. Source: Coin360
Earlier this week, Cointelegraph contributor Michaël van de Poppe discussed the significance of the crypto market cap reaching $300 billion.