Bitcoin (BTC) extended its upward move over the past 24 hours and reached its highest level in three weeks.
Summary
- Bitcoin climbed above $73,000 as traders weighed cease-fire updates and stronger March CPI data yesterday.
- Ethereum moved back above $2,200, while HYPE and DASH posted gains across the altcoin market.
- RAVE surged 100% in one day and entered the top 100 tokens.
The broader crypto market also moved higher, with Ethereum (ETH), HYPE (HYPE), and RAVE among the tokens posting gains.
Bitcoin traded in a tight range between $66,000 and $67,000 over the weekend. That changed on Monday when the asset moved above $70,000 after reports said the United States and Iran had started talks.
The price later slipped below $68,000 after follow-up reports challenged that claim. Bitcoin then turned higher again on Tuesday after both sides announced a “two-week cease-fire,” which supported market sentiment.
The asset kept climbing even after March CPI data showed stronger inflation. It reached $73,500 earlier today, its highest level since March 18, before easing slightly below $73,000.
Bitcoin’s market value rose to $1.455 trillion, according to CoinGecko data. Its share of the total crypto market also increased over the past week and now stands above 57%.
Ethereum, HYPE, and RAVE lead altcoin gains
Ethereum moved back above the $2,200 mark after a 2.3% daily rise. BNB also traded higher and moved past $600, while HYPE climbed more than 5% and reclaimed $40.
Most large-cap altcoins followed the same direction, though gains remained moderate. A few tokens, including WLFI, XMR, and CC, posted small losses during the session.
RAVE recorded the strongest move among the top gainers. The token jumped 100% in one day and extended its weekly gain to about 700%, which pushed it into the top 100 assets by market value.
DASH also posted a sharp advance and moved above $45 after a 13% gain. SIREN added 10% and returned to the $0.80 level.
The total crypto market value increased by more than $100 billion from last week. It stood at $2.530 trillion at press time, showing broader strength across the sector.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
