Bitcoin and other cryptos are in a bull run before the crypto halving. Will the upward momentum continue? If so, how high can it go? (Image from Pierre Borthiry at unsplash.com)
Bitcoin hit an all-time high again today, going over USD 71k. But why has it reached these highs now, and how does this boom differ from the past crypto record highs?
Only Ripple is the red this week by a mere -1.59% down from its 2024 open price. If you were in on XRP in 2023 when it was worth 0.34 USD, and you’ve managed to hold, then you are probably laughing all the way to the bank – or exchange. It’s up 82.35% since 2023.
This report will examine Bitcoin, Bitcoin Cash, Litecoin, TRON, Ripple, Ethereum, Fast Token’s price movements over the past month and see where they may be headed. The highest performed since 2024 market open is good old Bitcoin up +69.35% closely followed by Bitcoin Cash up +65.28%. Enjoy the read!
iGaming Crypto Watch: For January and February crypto prices check the – iGaming Crypto Watch February 2024 where you can also find access to the iGaming Crypto Watch January 2024 report.
iGaming Crypto Watch March 2024 Updates
Bitcoin (BTC) – Bitcoin has broken a new all time high today, breaching 71k USD and has the market a bit on edge. Many investors are skeptical that this bull run can continue as the ETF market has taken a lot of capital out of the ecosystem and the BTC halving is coming in April. The halving will reduce the amount miners of BTC can be rewarded. Currently when a block enters the chain, the miner is given 6.25 BTC. After halving, that amount will be reduced to 3.125 BTC. But, this scarcity of BTC could cause another price jump, possibly over 80k USD by June 2024. The current price of BTC is 71,600 USD and it could be a good chance for short term gains but investors have to be aware of BTCs’ extreme volatility… not for the faint hearted.
Current BTC Price
$71,600.
Gains/Losses Vs. Market Open 2023 & 2024
- 1 Jan 2024: $42,280 (+$29,320 / +69.35%)
1 Jan 2023: $16,606 (+$54,994 / +331.17%)
Bitcoin Cash (BCH) – Bitcoin Cash will also be halving in 26 days, as it is part of the BTC hard fork. Since the last report BCH has surged almost 60% and is currently trading at 443 USD and achieved a yearly high of 501 USD on March 2nd. Market analysts expect BCH to rise another 10% in the next 5 days as it continues its bullish run into the halving event.
Current BCH Price
$ 443.00
Gains/Losses Vs. Market Open 2023 & 2024
- 1 Jan 2024: $268.03 (+$174.97 / +65.28%)
- 1 Jan 2023: $96.77 (+$346.23 / +357.79%)
Litecoin (LTC) – Litecoin hasn’t enjoyed the price surges that most of the market has. LTC is still the most utilized payment coin in the global payments sector but hasn’t been rewarded like its peers. LTC is partnered with BTC payment service provider, Bitpay and recently scored 42% of the platform’s total transactions, while BTC was 24% and ETH was 9% of their transaction count. LTC is up a respectable 28% since the last report and is currently trading at 92.18 USD.
Current LTC Price
$ 92.18
Gains/Losses Vs. Market Open 2023 & 2024
- 1 Jan 2024: $74.75 (+$17.43 / +23.32%)
- 1 Jan 2023: $70.89 (+$21.29 / +30.03%)
TRON (TRX) – TRON has experienced all time highs in revenue from daily trading, with nearly $2m USD achieved on February 29th. TRX remains a strong choice for stablecoin transfers but was recently dropped by Circle (issuer of USDC) a few weeks ago. Executives at Circle have yet to state why TRX was discontinued. The stablecoin is currently trading at 0.13 USD and very strong resistance at 0.14 USD.
Current TRX Price
$ 0.13
Gains/Losses Vs. Market Open 2023 & 2024
- 1 Jan 2024: $0.11 (+$0.02 / +18.18%)
- 1 Jan 2023: $0.055 (+$0.075 / +136.36%)
Ripple (XRP) – Literally every token in the market is benefiting from the BTC bull run, with the exception of XRP. The coin is up 18% since the last update but is down 1.5% since the beginning of the year. Many analysts believe that the coin has a declining whale count as they invest their money in other bullish coins. The diminishing investor interest may rebound once the legal dispute with the SEC is finalized, which may not happen until May. XRP is currently trading at 0.62 USD, with strong resistance at 0.65 USD.
Current XRP Price
$ 0.62
Gains/Losses Vs. Market Open 2023 & 2024
- 1 Jan 2024: $0.63 (-$0.01 / -1.59%)
- 1 Jan 2023: $0.34 (+$0.28 / +82.35%)
Ethereum (ETH) – It has long been of popular opinion that Ethereum would reach the 4,000 USD mark. For those listed, well done. For those that didn’t, well, you didn’t do much wrong, afterall there are risks involved in investing in crypto and the market can go either way. It’s a game of risk taking just like the stock markets, but with a little less information to go by. At the moment resistance has 3 levels. Level one 4,148.50, level 2 4,148.60, and level 3, which are pivot points of resistance. The source of this information comes from the Ethereum – USD Barchart.com page. Right now, the crypto trades at 3,992.09 USD. However, this is now. Remember, these cryptos swing +10% and -10% at any time and sometimes more.
Current ETH Price
$ 3,992.09
Gains/Losses Vs. Market Open 2023 & 2024
- 1 Jan 2024: $2,352.76 (+$1,639.33 / +69.68%)
- 1 Jan 2023: $1,195.51 (+$2,796.58 / +233.92%)
Fast Token (FTN) – In this report, a new coin will be introduced for our avid crypto followers. To get aquinted with FTN take a look at the Fast Token Roadmap here. As the coin suggests, FTN transactions are almost instantaneous and they pride themselves on security & transparency. The token was introduced in January 2023 and is up 355% since its launch. In the last 2 weeks, the token price has flattened out and is in a holding pattern, not fluctuating more than 2% either way. FTN is currently trading at $1.75 USD and is in a bearish trend. The first big mention of this coin on Casinoplusbonus was when Wazdan hooked up 4 game titles – Wazdan FTN Crypto Support.
Current FTN Price
$ 1.75
Gains/Losses Vs. Market Open 2023 & 2024
- 1 Jan 2024: $1.38 (+$0.37 / +26.81%)
1 Jan 2023: $0.35 (+$1.40 / +400.0%)
Disclaimer: This is not crypto advice. We merely give you the latest updates and opinions covering the crypto coins we most commonly see used at online casinos. The information in this article is purely opinions. For up-to-date real-time crypto prices see Google Finance.
Leave A Comment