Bitcoin price fell around 8% in the past seven days, but prices began to improve during Friday afternoon’s trading sessions. Today, Bitcoin trades for prices between $ 54,400 and $ 54,800 per unit and has a market valuation of $ 1.02 trillion. The total market capitalization of all the 8,500+ coins in existence is around $ 1.59 trillion on Saturday morning.

  • Bitcoin (BTC) prices have improved after falling from $ 57,207 to a low of $ 50,360 on Thursday. BTC is up more than 3% today but is down 5% for the week March 27, 2021. Bitcoin dominance among all other coin ratings combined is 59.3%, while Ethereum (ETH) records 11%.

  • Bitcoin is still up over 16% for the month, up 109% over the past three months and 763% year over year against the USD.
  • The top trading pair with Bitcoin (BTC) today is Tether (USDT), which dominates 55% of trades in the crypto asset. This is followed by USD (16.85%), BUSD (5.92%), JPY (4.19%), EUR (3.84%) and KRW (2.38%).
  • This week, the cryptocurrency community was delighted to hear that Elon Musk announced that the electric car company Tesla will now accept BTC for purchases. Nick Jones, CEO of Zumo, a digital wallet and payments platform, believes more brands will take over Tesla’s lead.
  • “We’re delighted that Tesla is now accepting Bitcoin as payment for its products,” said Jones. “The increased institutional investments and the market support of cryptocurrency by such brands are not only a key indicator of their long-term value, but also of their contemporary relevance. Knowing that more than half of UK crypto owners have bought this currency in the past six months, I would imagine more brands to follow, ”added the Zumo CEO.
  • At the time of writing, Ethereum (ETH), the second largest crypto asset by market capitalization, is trading for $ 1,686 per unit and is up over 3% today. Behind the ETH is the leash and the fourth market position is the Binance coin (BNB) trading for 254 USD, an increase of 2.5% in the last 24 hours.
  • Bitcoin Cash (BCH) is in the 11th market today, trading hands for $ 495 per BCH. The crypto asset is up 0.64% today, 6% over the week, 0.21% over the past 30 days, and over 48% over the past three months.
  • The two top winners today include Chatcoin (CHAT) and Stakenet (XSN). The two biggest losers on Saturday morning include Selfkey (KEY) and Cortex (CTXC).

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What do you think of all of the market action this week as crypto traders kick off the weekend trading sessions? Let us know what you think on this matter in the comments section below.

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