Dogecoin Gains, XRP Slumps as Trump Warns of 'Far Larger' Tariffs
**Bitcoin Holds Above $87,000 – Can It Hit $90K Soon? Experts Weigh In**
The global cryptocurrency market capitalization stands at **$2.86 trillion** on March 27, reflecting a **0.41% decrease** in the past 24 hours, according to CoinMarketCap data. However, **crypto market trading volume rose by 2.69% to $77.63 billion**, indicating continued investor interest.
### **Bitcoin Price Update**
Bitcoin (BTC) is trading at **$87,512.88**, down **0.11%** over the past day. The leading cryptocurrency briefly touched the **$88,000 mark** before retracting. Market analysts are closely watching whether BTC can breach the crucial **$90,000 level** soon.
According to **CoinSwitch Markets Desk**, BTC surged past **$88,200** before dipping below **$86,000**, eventually stabilizing above **$87,700**. Despite the pullback, BTC remains above its **5-day and 20-day exponential moving averages (EMAs)**, signaling a potential uptrend.
### **Will Bitcoin Cross $90,000?**
Analysts remain cautiously optimistic. **Alex Kuptsikevich, Chief Market Analyst at FxPro**, warns that BTC must overcome a key technical resistance level, highlighting **low trading volumes** during the recent rally as a potential red flag. He also notes that a “**death cross**” formation could emerge if the **50-day moving average** crosses below the **200-day average**, historically a bearish indicator.
On the other hand, **Edul Patel, CEO & Co-founder of Mudrex**, points to macroeconomic factors such as **easing monetary policies** and **institutional inflows** into Bitcoin ETFs as drivers of BTC’s recovery. Institutional investors have injected nearly **$1 billion** into Bitcoin ETFs in the past 10 days, signaling strong confidence. Patel believes that if this buying pressure persists, **BTC could breach $90,000 in the coming weeks**.
### **Altcoins, Ethereum & Meme Coins Performance**
- **Ethereum (ETH)** is trading at **$2,027.56**, down **1.71%**, with a market cap of **$244.61 billion**.
- **Altcoins** such as **Sui (+8.1%)**, **Toncoin (+4.3%)**, and **Tron (+1.8%)** have recorded gains.
- **Meme coins** saw a **3.3% increase**, led by **Shiba Inu (SHIB) and Dogecoin (DOGE)**.
- **Stablecoin USDC** reached a new milestone, **surpassing a $60 billion market cap**.
As Bitcoin hovers near **$90,000**, investor sentiment remains mixed, with some experts warning of a possible correction, while others foresee a bullish breakout. The coming weeks will be crucial in determining BTC’s next move.