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Bitcoin, Ethereum, Dash and Chiliz Daily Price Analysis – March 21 Morning Price Prediction

TL;DR breakdown

  • The global crypto market is regaining momentum, gaining 076% in the last 24 hours.
  • Bitcoin managed to pare the sell-off, bringing losses down to 0.37%.
  • Ethereum is faring better, gaining 1.73% in the last 24 hours.
  • Dash and Chiliz are bullish, adding 10.80% and 0.18%, respectively.

The global crypto market regained value earlier in the week as investors flocked to it. Compared to the end of last week, the normalization of business has picked up speed again. The performance would have been much better if the sell-off rate at the end of the week hadn’t been so high. The gains were even better anticipated as El Salvador announced the launch of volcanic bonds for Bitcoin. These bonds were expected on March 20th but no developments were seen. They could be further delayed due to the deteriorating economic situation of said country.

The stability of the crypto market comes from NFTs that continue to break records. The craze for NFTs has resulted in increased revenue for various blockchain systems, thereby increasing their revenues. The latest estimates put the value of NFTs at $23 billion by the time their appreciation is seen. According to the records from 2020, her value was about $100 million.

The development of the Indian crypto tax policy could have an impact on the global crypto market. The reason for this is the bulk of the investments that Indians have made. The latest news reports about the individual treatment of cryptocurrencies based on their value. Recent news reported an estimated 30% tax on crypto profits. Here is a brief overview of the current market situation with currencies like Bitcoin, Ethereum, etc.

BTC lowers losses

Decline in losses for bitcoin indicates a good start to the week. Unlike other weeks, there was a definite move as the market resumed activity after the weekend. Experts predicted a bullish rally for Bitcoin earlier in the week. If the bullish rally can propel Bitcoin higher, there is a chance it will resume previous highs.

Source: TradingView

Data over the past 24 hours shows Bitcoin down 0.37%. In comparison, its performance over the past seven days shows gains. The gain for the last week is 6.70%. Said value could increase if new investments come to Bitcoin. The current price of bitcoin is in the $41,418.95 range.

The current market cap value for Bitcoin is estimated at $786,232,160,152. In comparison, Bitcoin’s 24-hour trading volume is approximately $23,534,662,305. The same amount in its local currency is 568,429 BTC.

ETH is gaining momentum

Ethereum was comparatively better than Bitcoin. In contrast, it lowered in value, and the sudden rebound brought it back into profit. Experts are predicting that its rivals like Solana and others might face a tough time as their profits could increase.

Bitcoin, Ethereum, Dash and Chiliz Daily Price Analysis – March 21 Morning Price Prediction 2Source: TradingView

Data over the past 24 hours shows it is up 1.73%. Its seven-day performance is reliable as well, as it hasn’t significantly lowered the value. The seven-day gains for Ethereum are around 14.07%. The increase in gains has also boosted the price which is currently in the $2,933.34 range.

The market cap value for this coin is estimated at $351,549,413,958. In contrast, the 24-hour trading volume is about 14,467,226,528. The circulating supply for this token is around $120,050,768 ETH according to the latest updates.

DASH sets new highs

Dash Token has also remained bullish over the weekend. The value of his gains reached new heights as he gained 10.80% in the last 24 hours. In comparison, his performance last week was even better. It gained 25.54% over the past seven days, boosting its price value. The current price for this coin is in the $119.86 range. If the upward movement is unhindered, the price value is expected to increase.

Bitcoin, Ethereum, Dash and Chiliz Daily Price Analysis – March 21 Morning Price Prediction 3Source: TradingView

The current market cap value for Dash is estimated at $1,280,342,497. In comparison, the 24-hour trading volume also improved and remained at 704,532,151. The same amount in local currency is 5,851,855 DASH.

CHZ reclaim value

Chiliz went into a downtrend as it failed to hold value over the weekend. The result was a significant reduction in value. The chart for this coin shows that it lost value for more than two days after hitting the previous week’s highs.

Bitcoin, Ethereum, Dash and Chiliz Daily Price Analysis – March 21 Morning Price Prediction 4Source: TradingView

Weekly performance shows it is up 5.95%. Recent performance is much better, gaining 0.18% over the past 24 hours. Price value has also improved, recently hitting $0.2038.

The current market cap for this coin is estimated at $1,215,587,528. While the 24 hour trading volume is around 135,028,494. The circulating supply of Chiliz is 5,995,191,458 CHZ.

Final Thoughts

The global crypto market has revived value as gains have strengthened it from previous sell-offs. The result was a fresh addition to the global market cap value of approximately $1.88 trillion as per the latest updates. Bitcoin has received plenty of support from the fresh gains and another stronghold could become Malaysia. The Malaysian Ministry of Finance has asked the government for legislation regarding Bitcoin as it is expected to dominate global investment. If this happens, it would increase the price of Bitcoin significantly.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com is not liable for any investments made based on the information provided on this page. We strongly recommend independent research and/or advice from a qualified professional before making any investment decisions.

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