Cryptocurrency Price on April 1: Bitcoin holds above $70,000; Dogecoin, Toncoin climb up to 4%

At 11.06 a.m., Bitcoin was trading 0.1% higher at $70,293, while Ethereum was down 0.2% at $3,580. At the same time, other altcoins such as Solana (1.7%), XRP (1.8%), (4.7%), Toncoin (3.2%), and Bitcoin Cash (15.8%) surged.

Meanwhile, the global cryptocurrency market cap surged 0.48% to around $2.67 trillion in the last 24 hours.

“Bitcoin (BTC) remains stable around the $70,000 threshold, with hopeful investors anticipating a potential breakout in the near future. However, a significant resistance level persists at $72,500," said Rajagopal Menon, Vice President, WazirX.

Shivam Thakral, CEO of BuyUcoin, said, "Since last week, Bitcoin has been trying to break the $71500 resistance only to fall back to the $70,000 level. An important level to hold for the largest cryptocurrency is the support of $69,000, failure to do so might push it to $65,000."

The total volume in DeFi is currently $7.51 billion, 10.91% of the total crypto market 24-hour volume. The volume of all stablecoins is now $59.35 billion, which is 86.21% of the total crypto market 24-hour volume, as per data available on CoinMarketCap.

In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, rose to $1.367 trillion. Bitcoin's dominance is currently 51.85%, according to CoinMarketCap. BTC volume in the last 24 hours rose 19.4% to $21 billion.

"Key support levels for BTC are around $69,000, $65,550, and $62,000, with resistance at $71,400 and $72,700," said CoinDCX Research Team.

"For ETH, support levels include $3425, $3300, and $3200, while resistance is at $3650, $3870, and $4070," it said.

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Source: Forex-Markets-Economic Times