Bitcoin exchange rate stabilizes and goes into the consolidation phase

Volatility in the cryptocurrency market remains weak so far, bitcoin is stuck at just above $ 5,000.

At the time of publication of this review, the weighted average Bitcoin exchange rate (BTC) is $ 5,267. The market capitalization of the first digital currency on Monday, March 16, is just over $ 96 billion.

Analysts believe that we are now inconsolidation phase, which can last from several days to several weeks. Many investors took a wait and see attitude before the opening of the American stock market, which has traditionally been a key indicator of the global economy.

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Let us remind you that at the end of last week, against the backdrop of the crashmajor stock indices saw a rapid exit of capital from the cryptosphere, which triggered the collapse of Bitcoin below $4,000 on some trading platforms.

$BTC &#8212; just waiting for the Stock Market to open tomorrow 9:30AM EST USA &#8230; #bitcoin following, not leading&#8230; pic.twitter.com/eC4EJAJySL

- Big Chonis Trading (@BigChonis) March 15, 2020

A slight restoration of positions occurred inFriday and Saturday, but overall volatility remains weak so far. Top altcoins, together with BTC, are now trading in the green zone, but the increase in their value is small.

The second and third most valuable Ethereum coins(ETH) and Ripple (XRP) rose to $ 122 and $ 0.151 respectively. The cryptocurrency market capitalization is now just over $ 151.101 billion, the Bitcoin dominance index has grown to 63.8%.

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