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Bitcoin and Major Cryptocurrencies Rise Despite US Tariff Concerns and Economic Data

Crypto

Business Honor
24 March, 2025

Cryptocurrency market capitalization rises, with Bitcoin, Ethereum, and altcoins seeing significant gains today.

Despite future US tariff worries and important economic data releases later this week, investors remained strong, as Bitcoin and other major cryptocurrencies continued to rise today.
Ethereum has increased 2.3% to trade at $2,047, while Bitcoin has increased 3.2% to $86,590. The market value of cryptocurrencies has been increased by 2.94% to $2.84 trillion over the past.

Among the major cryptocurrencies, XRP gained 3%, Dogecoin climbed 3.8%, Cardano gained 2%, and Solana grew 5.9%. In the meantime, Stellar, Hedera, Avalanche, and Chainlink reported rises ranging from 3% to 10%. Bitcoin has gained 3% today and is currently trading above $86,000.

Stablecoin transactions comprised 94.74% of all cryptocurrency trade, or $57.58 billion, according to CoinMarketCap, while its 24-hour volume of trade increased by 93% to $18.2 billion. Due to a new push from investors, the price of bitcoin is maintaining its position above the 200-day simple moving average ($84,899) through the weekend. The market value of Bitcoin rushed to $1.727 trillion, while its market share increased to 60.73%.

Both traditional and cryptocurrency markets are now more unstable due to ongoing trade fights, which have increased uncertainty. Bitcoin started trading in a "descending triangle" pattern after hitting its highest point ever, $109,588, and found significant support near $90,000. The asset's price eventually fell to $76,606 after breaking below the pattern.

Since this increase, Bitcoin is now trading with decreasing volumes between $80,000 and $87,500. The asset's main obstacle levels for buyers are still $90,000 and $100,000, despite the fact that $80,000 and $73,500 provide solid support. A subsequent surge can be triggered by a confirmed breakout above these resistance levels.