Crypto news update: Bitcoin above $87,000, can it touch $90,000 levels soon? Experts optimistic, say…
**Crypto Market Update: Bitcoin Holds Above $87,000, Eyes $90,000 Breakthrough**
The global cryptocurrency market capitalization stands at **$2.86 trillion**, marking a **0.41% decline** over the past 24 hours, according to CoinMarketCap. Despite the dip, Bitcoin remains above **$87,000**, keeping investors optimistic about a potential rally toward the **$90,000 mark**.
#### **Crypto Market Trends**
- **24-Hour Trading Volume:** Increased **2.69%** to **$77.63 billion**
- **DeFi Volume:** Stands at **$5.89 billion**, accounting for **7.59%** of total market volume
- **Stablecoins Share:** Represents **$72.75 billion** (93.72% of the market)
- **Bitcoin Dominance:** Increased slightly by **0.23%** to **60.74%**
### **Bitcoin Price and Market Sentiment**
As of **March 27, 12 PM IST**, Bitcoin is priced at **$87,512.88**, experiencing a slight **0.11% decline** in the past day. Notably, Bitcoin briefly touched **$88,000** before retracing, raising speculation about whether it will soon break the psychological barrier of **$90,000**.
According to CoinSwitch Markets Desk, Bitcoin **surged past $88,200** but quickly pulled back below **$86,000**, stabilizing above **$87,700**. Analysts suggest that while the market remains bullish, trading volume remains a key factor to watch.
### **Will Bitcoin Hit $90,000? Experts Weigh In**
Financial experts have mixed opinions on whether Bitcoin will breach the **$90,000** level soon.
- **Alex Kuptsikevich, Chief Market Analyst at FxPro**, warns that the recent price surge has occurred on **low trading volume**, which could lead to a potential sell-off. However, he acknowledges that Bitcoin remains in an **upward price trend** over the past three weeks.
- **Edul Patel, CEO & Co-founder of Mudrex**, remains optimistic, citing Bitcoin’s steady recovery above **$87,000** after two months of consolidation. He points to macroeconomic factors such as **easing monetary policies** and **institutional buying pressure**, which could drive Bitcoin past **$90,000** in the coming weeks.
### **Ethereum, Memecoins, and Altcoins Performance**
- **Ethereum (ETH):** Trading at **$2,027.56**, down **1.71%** in 24 hours
- **Sui (SUI):** Up **8.1%**
- **Toncoin (TON):** Up **4.3%**
- **Tron (TRX):** Up **1.8%**
- **Meme Coin Sector:** Jumped **3.3%** in the last 24 hours
- **USDC Stablecoin:** Reached a new milestone, hitting a record **$60 billion market cap**
### **Market Outlook**
With Bitcoin ETFs seeing nearly **$1 billion in inflows** in the last 10 days, institutional investors continue to push the market forward. If buying pressure sustains, Bitcoin could soon challenge the **$90,000** resistance level, potentially setting new all-time highs in 2025.