Advertisement

Bitcoin Makes A Big Comeback After A Huge Loss Over the Weekend

Another weekend, another exciting ride for crypto investors. Many were hoping for the pile-driving bull run of February to return this weekend, but it never happened.

Advertisement

Up till Friday, the global crypto market cap was constantly topping $1.8 trillion, but then an abrupt downwards trend over the weekend brought it crashing down to $1.5 trillion. Since markets reopened this Monday morning, things have gotten much better, with the market cap comfortably sitting in the $1.7-$1.8 trillion range.


ALSO READ

SBP And NBP to Relax Naya Pakistan Housing Loan Terms


As of Monday, 29th March, 6 p.m., Bitcoin has risen by 4% and is shyly touching $58,000. This increase comes after the digital currency fell as low as $51,000 on Saturday when future contracts worth $6 billion expired on Friday.

Ethereum has followed a similar trend, dropping as low as 1.27% over the weekend, before jumping back up to $1760 by 3.18%.

The overall performer of the the previous quarter, Binance Coin, held on to its 3rd spot on the top 10 list of most valuable cryptocurrencies, even though it fell 1%.

In the lower caps, losses were smaller. Once-savvy Cardano, Polkadot, Ripple and Uniswap all lost less than 1% overall, while newcomers Theta Token and Litecoin gained 6.9% and 4.2% respectively.

Advertisement

ALSO READ

FIFA Might Ban Pakistan Following PFF Incident


Despite the uncertainty surrounding the extreme nature of digital trends, these bullish signals all over the crypto space are pointing towards one thing: an ecosystem becoming increasingly more robust as more investment continues to enter it.

Advertisement

Advertisement

See ProPakistani in...
ProPakistani App
close
>