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Solana (SOL) broke new ground on March 15 after an 11% rally brought its market capitalization to a new all-time high of $82.5 billion at a price of $186.77 per token despite the overall downtrend, which saw the market contract by 4%.
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Bitcoin experienced a heavy price correction during Asian trading hours, dipping to a multi-week low of under $66,000, which resulted in significant losses for traders betting on further price increases.
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Jan3 CEO Samson Mow said Bitcoin is on track to hit $1 million per coin this year or the next based on market conditions, the upcoming halving, and broader economic factors.
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In a recent shift of perspective, Bloomberg analysts have significantly lowered the forecast for the approval of a spot Ethereum exchange-traded fund (ETF) by May — setting the probability at a mere 35%.
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Bitcoin’s price is trading above $71,000 for the first time in its history after increasing by more than 2% during the past day.
Over the weekend, Bitcoin largely hovered around the $68,000 mark.
ARK Invest CEO Cathie Wood recently declared that Bitcoin (BTC) will surpass the $1 million mark well before the anticipated year of 2030, which was her firm’s previous bull-case timeline.
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Bitcoin hit a new all-time high for the second time this week and once again experienced a violent sell-off that erased its gains and stirred memories of past volatilities in the crypto space.
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Tether co-founder William Quigley said Bitcoin could potentially surge to $300,000 at the peak of the current bull market, based on historical patterns of past halvings.
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Bitcoin experienced a notable price adjustment, declining nearly 9% following its ascent to a record-setting pre-halving all-time high.
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Bitcoin’s price is primed for a surge that could hit record-breaking highs this week, according to a 10X Research report shared with CryptoSlate.
Why BTC will print new ATH
The report outlines key factors driving this bullish momentum.
The crypto market has entered March with its foot firmly on the accelerator despite showing signs of a slight slowdown from its recent rapid ascent.
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Popular memecoin Pepe surged 118% over the past two days to hit a 10-month high on Feb. 27.
The memecoin was trading at $0.0000026, up 58% over 24 hours, as of press time. The token hit a high of $0.0000029 before giving up some of the gains over the last two hours, based on CryptoSlate data.