Bitcoin (BTC) Volatility, Ripple (XRP) Price Predictions, and More: Bits Recap March 28

TL; DR

Bitcoin (BTC) has experienced improved volatility and is currently trading south of the $70K mark.
Despite the 10% two-week decline, analysts remain bullish on Ripple (XRP), which will be influenced by the upcoming Bitcoin halving and the outcome of Ripple's lawsuit against the SEC.
Dogecoin (DOGE) has experienced a 30% price increase in one week, coinciding with the massive transfer of over 1 billion DOGE by an unidentified whale.

BTC price fluctuations

The last few days have been very eventful for the price of major cryptocurrency. It started the week's trading at around $66,500, but after several hours, it rose above $71,000. The move comes shortly after Robert Michnick — head of BlackRock's digital assets — It is described BTC as a good portfolio allocator.

The cryptocurrency maintained its momentum hovering around $70K in the coming days. The positive trend reversed yesterday (March 27) when the price dropped to $68,500. The asset has seen another rebound in the past few hours, currently trading at $70,000 (per CoinGecko data).

The community is optimistic that another significant breakthrough is on the horizon. A recent poll started by popular X user Planby revealed More than 70% of participants think that BTC may exceed the $100,000 mark sometime this year. 18% believe this could happen by 2025, while less than 5% predict property prices will not rise that much.

How is Ripple (XRP) doing?

The Ripple token has been underperforming over the past several days, with its price down 10% on a two-week high. However, as usual, pro-XRP analysts are not alarmed by the negative trend, predicting a remarkable recovery in the near future.

X User Mikubul Crypto It is intended A rally between $1 and $6 on the assumption that the asset has “completed its retest and is now poised for an explosive move to the upside.”

Financial expert and investor Vandel Aljarah gave his two cents saying that investors should not sell their XRP holdings because “we are at the beginning of a very difficult cycle, the altcoin season is still high and Bitcoin will be halved.”

“Understanding market cycles is important for prudent investment decisions. We haven't even started. The peak will be 2024 to 2025,” he added.

of Cut in halfPlanned for next month, it will halve the rewards miners receive by confirming blocks on the blockchain, thereby reducing the time it takes to create new coins. The event will make BTC smaller and more valuable in the future. Historically, a major bull run has followed for major cryptocurrency and the entire market.

Another factor that could have a positive impact on the price of XRP in the coming months is the resolution of the litigation between Ripple and the US SEC. It is a trial between companies Scheduled For April 23, but appeals can be submitted from both sides It can be delayed Result in 2026 (According to ChatGPT).

For those willing to look at more elements that suggest XRP is on the verge of a price explosion in 2024, feel free to check out our curated video below.

The DOGE Rally

Last but not least, we'll touch on the biggest meme coin on the block recently – Dogecoin (DOGE). The price has increased by 30% in a week, which is associated with an increase in whaling activity. as a Cryptopotato reportedA mysterious person (or entity) recently transferred over 1 billion DOGE (worth over 195 million at current prices) to an unknown wallet.

Some DOGE supporters cheered the move, thinking it could be a precursor to another big-ticket pump. Others have wondered who might be behind the transfer, with some suggestions pointing to Tesla CEO Elon Musk.

The world's richest man is a fan of the meme coin, frequently extolling its benefits. Two weeks ago, Tesla said it might accept DOGE as a payment method “at some point.” Musk has promised to continue supporting the token, adding “Dogecoin on the moon.”

The asset is currently trading just south of the $0.20 mark, with some analysts predicting a rise to the $1 mark. An example is Donald Mann. He argued “Dogecoin is unlikely to go to $1” depending on how Bitcoin trades.