Bitcoin Takes Back $28K, Ends Third-Best March In History (Weekend Watch)

Bitcoin bounced back in the final hours of March, reclaiming $28,000 and posting a 23% price gain for the third month of the year.

Several altcoins are also well in the green, with ETH rising above $1,800, while SOL has returned to above $20.

BTC back over $28K

The primary cryptocurrency has been on a rollercoaster for the past few days. It dumped $1,500 on Monday when the US CFTC sued Binance and Changpeng Zhao before bulls caught on to the move and pushed the asset hard north.

Just a few days later, bitcoin found itself above $29,000. However, it was also short-lived and it began to lose value rapidly in the following days. Thus, BTC dumped to $27,600 on Friday.

However, the end of the last day in March was more positive for the cryptocurrency as it recovered over $1,000 in hours and went to a daily high of $28,800 (on Bitstamp).

Despite failing to continue upward and losing a few hundred dollars since then, BTC is still in the green on a daily scale, trading above $28,000.

The market capitalization has approached 550 billion dollars again, while the dominance over altcoins is close to 46.5%.

LTC, TONCOIN on the rise

The altcoins have also felt their share of volatility lately, but most have calmed down as the weekend started. Ethereum is back above $1,800 after a minor daily gain of 2%. Binance Coin remains essentially where it was yesterday, while Cardano, MATIC, Polkadot, Shiba Inu, Tron, and Avalanche have mimicked ETH’s gains.

Ripple, one of the best performers of the last 10 days or so, is down 6% but still trading above $0.5.

Litecoin and TONCOIN have risen the most from the top 20 alts. LTC is up $6 to $93, while TONCOIN has added 8% of its value in a day to $2.25.

The total crypto market capitalization has erased the losses from Friday and is again close to $1.2 trillion on the CMC.