Bhubaneswar: After slipping below USD 19,000 on 10th March, the price of Bitcoin has continued to rise and has come closer to USD 25,000 on Tuesday, March 14, 2023.
“The price of Bitcoin has risen by 9.04% in the past 7 days. The price increased by 9.53% in the last 24 hours. In just the past hour, the price grew by 0.36%. The current price is $24,494.23 per BTC. Bitcoin is 64.39% below the all-time high of $68,789.63” according to a report by Coinbase.com. On 21st February, Bitcoin prices had crossed USD 25,000.
As per Indian Rupee terms, the price of Bitcoin has risen by 9.99% in the past 7 days and is currently hovering around Rs.20,14,413. The price increased by 10.09% in the last 24 hours. In just the past hour, the price grew by 0.31%.
According to crypto analyst Michael Van de Poppe, there are some chances of consolidation in Bitcoin prices. “Bitcoin sweeping the highs here as it’s testing range high at $25K. You’d preferably want to see some period of consolidation (CPI day today) before continuation. If markets sweep range high at $25.2K, make a bear. div and fall back, I’d be looking for shorts to $23K” he said.
Meanwhile, Ethereum price has continued to rise since March 10 and has touched USD 1700 on 14th March 2023. The current price is $1,682.14 per ETH. The price of Ethereum has risen by 7.07% in the past 7 days. The price increased by 4.59% in the last 24 hours.