Bitcoin‘s price briefly reached a five-day high of $68,400 this morning, but quickly fell almost $2,000 due to new developments in the Middle East conflict.
Nearly all altcoins have decreased in value over the last 24 hours, with most falling by 2 to 3%. HYPE and XRP have experienced the biggest declines among the top 25 altcoins.
BTC Down Again
Last week, Bitcoin repeatedly tried to break through the $72,000 price level, but it couldn’t quite manage it. After a second unsuccessful attempt on Wednesday morning, sellers stepped in and caused a slow decline, dropping the price to $69,000 by Thursday.
Friday brought another drop in price, and it was a significant one. The cryptocurrency fell to $65,600, which unfortunately pushed the market back into a state of extreme fear, as we’ve observed in previous downturns. As a researcher, it’s clear this decline is having a noticeable impact on investor sentiment.
Bitcoin had a volatile start to the week. After a calm weekend where it stayed above $66,000, the price briefly dropped to under $65,000 on Monday before recovering to $68,000. It then fluctuated again, falling to $66,300 and rising to $68,400, but currently faces resistance and is trading below $67,000.
The back-and-forth reports stemmed from conflicting claims: some suggested Trump was considering ending the conflict even if the Strait of Hormuz remained blocked, while others indicated regional countries were still urging him to continue attacks on Iran.
XRP Dips Again
Despite a slight dip of over 1% today, Ethereum (ETH) is still trading above $2,000, a price it recovered earlier this week. Binance Coin (BNB) has fallen below $610 with a 2% decrease, and Ripple (XRP) is nearing a crucial support level of $1.30 after dropping 3.4%. XRP’s value is down over 7% in the last week, causing it to fall further behind BNB in overall market value.
Several smaller cryptocurrencies like SOL, ADA, CC, XLM, and RAIN are experiencing significant price drops, mirroring the downturn of larger coins. HYPE and HBAR have fallen over 5% in a single day. However, Bitcoin Cash and ZEC are bucking the trend, showing slight increases in value.
The total crypto market cap has shed over $30 billion daily and is down to $2.380 trillion on CG.
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2026-03-31 12:20