Crypto news update: Bitcoin above $87,000, can it touch $90,000 levels soon? Experts optimistic, say…

Crypto news update: The global cryptocurrency market capitalisation (m-cap) on March 27 is at $2.86 trillion, which is a decrease of 0.41 per cent over the past 24 hours, according to data on CoinMarketCap.

Further, the crypto market volume for the 24 hour period increased by 2.69 per cent to $77.63 billion, the data showed. And the total volume in DeFi (decentralised finance) is currently $5.89 billion, which is around 7.59 per cent of the total crypto market volume.

Stablecoins comprise $72.75 billion or 93.72 per cent of the past day-long total crypto market; while the world’s biggest cryptocurrency Bitcoin’s dominance has increased by a slight 0.23 per cent to hold 60.74 per cent of the total crypto market pie. As per markets intelligence platform Santiment, multiple community participants are confident in continued growth of cryptos.

Bitcoin Price Today — March 27, Thursday

At the time of writing, at 12 noon IST, Bitcoin was priced at $87,512.88 apiece, down 0.11 per cent over the past day, according to CoinMarketCap data. Its m-cap is at $1.73 trillion and volume at $26.59 billion.

Notably, the token briefly touched the $88,000 level before slipping again. Watchers are now keen on whether Bitcoin can reach the elusive $90,000 levels anytime soon.

According to the CoinSwitch Markets Desk, “Bitcoin briefly surged past $88,200 but failed to hold, retracing below $86,000 before stabilizing above $87,700. Despite the pullback, BTC remains above its 5- and 20-day EMAs.”

Can Bitcoin Touch $90,000 Levels?

According to Alex Kuptsikevich, chief market analyst at FxPro, “the Bulls still have to prove their strength by overcoming an important technical level. But worryingly, recent gains have come on low trading volume. This could simply be a setup to trap buyers and trigger a sharp sell-off in the next move.”

“Bitcoin pulled back below $87,000 on March 26, hesitant to storm the 50-day moving average and the round $90,000 level. This curve is pointing downwards and will soon cross the 200-day average. Technically, this would form a ‘death cross’, but we place greater importance on the upward price trend seen over the past three weeks,” he added.

According to Edul Patel, CEO & Co-founder of Mudrex, Bitcoin is recovering steadily above $87,000 after two months of consolidation.

“Macroeconomic factors, including easing monetary policy and Donald Trump’s readiness to modify his tariff position, have contributed to the market recovery. The alteration toward a dovish monetary policy indicates positive market conditions for all markets, including Bitcoin. With this, retail investors are re-entering the scene, further helping BTC build momentum. On-chain data reveals a surge in transactions and wallet activity, often signaling major price movements,” Patel felt.

On Bitcoin breaching the $90,000 mark, Patel added that it could be soon. “Institutional investors have turned into net buyers, with Bitcoin ETFs seeing close to $1 billion in inflows in the last 10 days. If the buying pressure continues, we could see Bitcoin breach the $90,000 mark soon in the coming weeks,” he noted.

Crypto: Ethereum, Memecoins, Altcoins & StableCoins

• The world’s second largest token, Ethereum is at $2,027.56 down 1.71 per cent over the past day, with m-cap of $244.61 billion, and trading volume recorded at $12.98 billion.
• In terms of altcoins, CoinSwitch noted gains with Sui rising 8.1 per cent, followed by Toncoin at 4.3 per cent and Tron at 1.8 per cent.
• The overall meme coin sector also picked up, it said noting the 3.3 per cent jump over the past 24 hours.
• CoinSwitch further said that the Circle’s stablecoin USDC, hit a new milestone, reaching a record $60 billion m-cap, surpassing its previous all-time high.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.