Bitcoin

when

Avalanche

Gains

Bitcoin’s positive price movements that started on Sunday evening continued in the following hours, and the asset tapped $87,600 for the first time since March 7.
The altcoins have followed suit, led by AVAX’s impressive surge. In contrast, Pi Network’s PI token continues to bleed out.
<h2 id="btc-reclaims-87k">BTC Reclaims $87K</h2>
The previous business week was quite eventful in terms of news, but not so much when it comes down to BTC price movements. The most volatile day turned out to be Wednesday, which was expected to an extent as the US Fed concluded its second meeting for the year. Although it <a href="https://cryptopotato.com/ripple-wins-sec-case-fed-refuses-to-lower-interest-rates-btc-price-holds-steady-your-weekly-recap/" data-wpel-link="internal" rel="noopener noreferrer nofollow">refused</a> to change the interest rates, bitcoin went on the move by going up and down by a few grand within hours.
The fluctuations were also influenced by the statement from Ripple’s CEO, Brad Garlinghouse, that the SEC would <a href="https://cryptopotato.com/breaking-ripple-news-sec-will-drop-appeal-xrp-price-reacts/" data-wpel-link="internal" rel="noopener noreferrer nofollow">drop</a> its lawsuit against his company. BTC flew to $87,500 during the Thursday morning Asian trading session but was quickly <a href="https://cryptopotato.com/bitcoins-bull-cycle-over-this-critical-metric-says-it-might-be/" data-wpel-link="internal" rel="noopener noreferrer nofollow">halted</a> and pushed south by several grand.
Nevertheless, it recovered most of the lost ground and returned to $84,000, where it <a href="https://cryptopotato.com/bitcoin-stalls-altcoins-move-this-weeks-top-gainers-and-losers-weekend-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">spent</a> most of the weekend. It went on the offensive late last night but kept climbing earlier today and surpassed $87,000. It even briefly tapped $87,600 (on Bitstamp) for the first time in over two weeks.
Although it has retraced slightly since then, BTC still trades above $87,000. Its market cap has jumped to $1.730 trillion on CG, while its dominance over the alts is up to 58.5%.
<figure id="attachment_388826" aria-describedby="caption-attachment-388826" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2025/03/BTCUSD-17.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-388826" src="https://cryptopotato.com/wp-content/uploads/2025/03/BTCUSD-17.png" alt="BTCUSD. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2025/03/BTCUSD-17.png 1835w, https://cryptopotato.com/wp-content/uploads/2025/03/BTCUSD-17-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2025/03/BTCUSD-17-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2025/03/BTCUSD-17-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2025/03/BTCUSD-17-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2025/03/BTCUSD-17-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-388826" class="wp-caption-text">
 BTCUSD. Source: TradingView
 </figcaption>
</figure>
<h2 id="avax-runs-wild">AVAX Runs Wild</h2>
As mentioned above, most alts are well in the green today. Ethereum is close to $2,100 after a 3.5% daily surge, XRP has surpassed $2.45 following a similar increase, while SOL, LINK, and SUI have marked gains of somewhere between 5-7%.
Avalanche has stolen the show, though, charting a substantial 12% surge in the past day. As a result, AVAX has neared $22 for the first time in weeks.
In contrast, PI continues to bleed out, <a href="https://cryptopotato.com/why-is-pi-tokens-price-down-today-as-market-rebounds/" data-wpel-link="internal" rel="noopener noreferrer nofollow">dumping</a> by another 6% in the past 24 hours to well below $1.
The total crypto market cap has added around $80 billion since yesterday and is up to $2.960 trillion on CG.
<figure id="attachment_388827" aria-describedby="caption-attachment-388827" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2025/03/Screenshot-2025-03-24-120314.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-388827" src="https://cryptopotato.com/wp-content/uploads/2025/03/Screenshot-2025-03-24-120314.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1885" height="831" srcset="https://cryptopotato.com/wp-content/uploads/2025/03/Screenshot-2025-03-24-120314.png 1885w, https://cryptopotato.com/wp-content/uploads/2025/03/Screenshot-2025-03-24-120314-300x132.png 300w, https://cryptopotato.com/wp-content/uploads/2025/03/Screenshot-2025-03-24-120314-1024x451.png 1024w, https://cryptopotato.com/wp-content/uploads/2025/03/Screenshot-2025-03-24-120314-768x339.png 768w, https://cryptopotato.com/wp-content/uploads/2025/03/Screenshot-2025-03-24-120314-1536x677.png 1536w, https://cryptopotato.com/wp-content/uploads/2025/03/Screenshot-2025-03-24-120314-50x22.png 50w" sizes="(max-width: 1885px) 100vw, 1885px"></a>
 <figcaption id="caption-attachment-388827" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/bitcoin-hits-17-day-high-avalanche-posts-double-digit-gains-market-watch/" rel="noopener noreferrer nofollow">Bitcoin Hits 17-Day High, Avalanche Posts Double-Digit Gains (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Bitcoin Hits 17-Day High, Avalanche Posts Double-Digit Gains (Market Watch)

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