Bitcoin (BTC) opened the week with a slight pullback below $ 57,000. The crypto currency, which reached its all-time high – $ 61,780 – on March 13, failed to break above the 60K barrier last week, but did establish considerable support in a range below the 10% lower.
After hovering between $ 57,000 and $ 58,000 throughout the weekend, BTC started the week without major surprises. However, this week there could be a number of factors that would drive the price of BTC.
Last week, NYDIG authorities predicted that “big milestones” for the ecosystem would be announced these days. The advance of traditional financial institutions over the crypto market seems to be the new trend that will lead the market: purchase and sale services, ETFs, asset custody, or even adaptation of digital assets to conventional payment systems.
For its part, the althorn market opened the week with more rises than falls. XRP led the growth, with a jump of 14.3%, reaching a price of USD 0.58. Binance Coin (BNB) and Litecoin (LTC) also followed with gains of 1.7% and 0.5%, respectively, and are trading at $ 267 and $ 197.
Ethereum (ETH), meanwhile, was down just 0.2%, but continues to be unable to definitively overcome the resistance at $ 1,800. At the close of this note, the price of ETH is $ 1,786.
In today’s session, Cardano (ADA) and Chainlink (LINK) also fell by 2% and 0.33% and returned respectively to USD 1.18 and USD 29.25.