{"id":30756,"date":"2024-03-30T00:34:00","date_gmt":"2024-03-30T00:34:00","guid":{"rendered":"https:\/\/icoinmarket.com\/dogecoin-explodes-50-as-bitcoin-bitcoin-bulls-return-in-force-this-weeks-crypto-recap\/"},"modified":"2024-03-30T00:34:00","modified_gmt":"2024-03-30T00:34:00","slug":"dogecoin-explodes-50-as-bitcoin-bitcoin-bulls-return-in-force-this-weeks-crypto-recap","status":"publish","type":"post","link":"https:\/\/icoinmarket.com\/dogecoin-explodes-50-as-bitcoin-bitcoin-bulls-return-in-force-this-weeks-crypto-recap\/","title":{"rendered":"Dogecoin Explodes 50% as Bitcoin Bitcoin Bulls Return in Force: This Week’s Crypto Recap"},"content":{"rendered":"


\n<\/p>\n

\n

Following a couple of weeks of consolidation and correction, the cryptocurrency market is starting to heat up again. Most of the coins are trading well in the green, pushing the total capitalization to just shy of $2.8 trillion.<\/p>\n

Bitcoin\u2019s price recorded an impressive performance, increasing by around 10% in the past seven days. It is currently trading at around $70,000, where it seems to have solidified throughout the past few days.<\/p>\n

The increase started at the beginning of the week when BTC started pushing toward $66K on Monday. It wasn\u2019t long after that when it was able to increase above that level and reach $70K shortly after. The bulls attempted to push the price above $72K but fell short. Nonetheless, the primary cryptocurrency saw notable gains.<\/p>\n

This also helped the rest of the market, most of which is trading well in the green. For example, Ethereum recorded an increase of more than 6%, while Binance Coin (BNB) even slightly outperformed Bitcoin \u2013 it\u2019s up by 10.6%.<\/p>\n

Hands down, however, the best performer from the large-cap cryptocurrencies was Dogecoin. The fun, dog-themed meme coin skyrocketed by a whopping 50% throughout the past seven days, outperforming most of the market, including the majority of competing meme coins. Shiba Inu, for instance, which is its closest rival and the second-largest coin of the kind, is up 18%.<\/p>\n

It\u2019s worth noting, though, that Dogwifhat \u2013 another dog-themed meme coin based on a, well, a picture of a dog wearing a hat, exploded by some 75%.<\/p>\n

Market developments aside, this week also saw Sam Bankman-Fried receiving his jail sentence of 25 years. The court decision was polarizing. Many of the crypto community thought it wasn\u2019t enough, while others pointed out that 25 years is, indeed, a long time.<\/p>\n

In any case, the cryptocurrency market remains incredibly interesting to monitor, especially as we approach April \u2013 the month of this cycle\u2019s Bitcoin halving. It\u2019s exciting to see how it will impact the market and if it will catalyze even further increases, as many expect.<\/p>\n

Market Data<\/h2>\n

Market Cap: $2.77T | 24H Vol: $99B | BTC Dominance: 49.6%<\/p>\n

BTC: $70,030 (+10%) | ETH: $3,537 (+6.2%) | BNB: $614 (+10.6%)<\/p>\n

<\/p>\n

This Week\u2019s Headlines You Can\u2019t Miss<\/h2>\n

Former FTX Chief Sam Bankman-Fried Sentenced to 25 Years in Prison.\u00a0It\u2019s been a big week in the cryptocurrency world as Sam Bankman-Fried, the man who was once behind the failed FTX crypto exchange, received his sentencing. The court decided on 25 years in prison.<\/p>\n

Fifth Richest Bitcoin Address Transfers $6 Billion in BTC Amid Surge Past $70K.\u00a0The fifth-richest Bitcoin address transferred a whopping $6 billion worth of BTC to three new wallets. There\u2019s no information about the owner of the address, but the transfer happened when the BTC price surged past $70K this week.<\/p>\n

Spot Bitcoin ETFs Record $183 Million Daily Net Inflow as BTC Taps $70K. Positive inflows in spot Bitcoin exchange-traded funds (ETFs) continue. As a matter of fact, today \u2013 March 29th, we saw the record $183 million daily net inflows into these products.<\/p>\n

Ethereum Hits 1 Million Validators Prompting Community Concerns.\u00a0The Ethereum network has hit 1 million validators. However, some experts have argued that there\u2019s a downside to that, bringing up the point of saturation and an excess of staked ETH.<\/p>\n

Vitalik Explains Ethereum\u2019s Next Steps After Dencun Upgrade.\u00a0The Dencun upgrade \u2013 a hard fork of Ethereum that took place earlier in March \u2013 was an important milestone in the network\u2019s overall roadmap. Now, Vitalik Buterin has shared some thoughts on the next steps in the pipeline.<\/p>\n

BlackRock CEO Remains Confident on Ethereum ETFs, Says IBIT Is The Fastest-Growing ETF.\u00a0Larry Fink \u2013 head of the world\u2019s largest asset manager, BlackRock \u2013 expressed his long-term optimism on Bitcoin. He also mentioned that there are no reasons for an Ethereum ETF to be disapproved.<\/p>\n

Charts<\/h2>\n

This week, we have a chart analysis of Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin \u2013 click here for the complete price analysis.<\/p>\n

\n
SPECIAL OFFER (Sponsored)<\/span>
\nLIMITED OFFER 2024 for CryptoPotato readers at Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!<\/p>\n

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.<\/span><\/span><\/p>\n<\/div>\n

Cryptocurrency charts\u00a0by TradingView.\n<\/p><\/div>\n<\/p><\/div>\n


\n
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