Bitcoin risks falling as oil prices are rising again above $100 per barrel today. This comes as the US and Israel strike new Iranian energy infrastructure linked to power plants, even after U.S. President Donald Trump announced a temporary halt.
Bernstein analysts led by Gautam Chhugani have stated that the Bitcoin bottom is likely in, with further upside moves on the horizon. This comes as BTC continues to face pressure due to the U.S.-Iran war, with peace talks uncertain amid contrasting statements from both sides.
TRENDING MARKET PULSE
Dogecoin, Shiba Inu, and Pepe Coin prices climbed as crypto markets advanced on easing geopolitical tensions. The global digital asset market rose 0.74% in 24 hours to reach $2.43 trillion. Investors reacted positively after President Trump announced a five-day pause on strikes against Iran.
Bitcoin price held above $71,000 while Ethereum stayed firm above the $2,100 level. The meme coin market is worth $33.4 billion with a little by 2% in one day. Other meme coins are also doing well. For example, the Bittensor price increased after a tweet from Jason Calacanis
Bittensor (TAO) Price surged sharply on March 23, posting one of the strongest performances in the digital asset market. The TAO jumped 17% in 24 hours to trade around $317.
The weekly gains were about 15%, and the monthly gains were as high as 80%. The rally placed TAO in one of the highest-performing cryptocurrencies in the present market rebound.
The positive price movement in key tokens was also encouraged by the broader crypto market stability. Bitcoin trading was at the highs of over $71,000, and Ethereum rallied over $2,100.
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