Bitcoin has reclaimed its 200-day moving average (200 DMA) at $85,046
Over the past week, the cryptocurrency market has experienced notable fluctuations, with Bitcoin (BTC), Monero (XMR), Solana (SOL), and XRP (XRP) each exhibiting distinct price movements influenced by various fundamental and technical factors.
Bitcoin (BTC):
As of March 24, 2025, Bitcoin is trading at approximately $87,959, marking a 3.17% increase from the previous close. The intraday high reached $88,807, while the low was $84,816. Notably, Bitcoin has reclaimed its 200-day moving average (200 DMA) at $85,046, a critical technical milestone often viewed as a bullish indicator. This resurgence aligns with the S&P 500’s movement above its own 200 DMA, suggesting a broader market recovery that could provide a tailwind for Bitcoin.
Monero (XMR):
Monero is currently priced at $221.62, reflecting a 2.91% uptick from the previous close. The day’s trading saw a high of $221.62 and a low of $214.57. While specific news regarding Monero has been limited, its price movement appears to correlate with the general market trend, indicating investor confidence in privacy-focused cryptocurrencies during periods of market recovery.
Solana (SOL):
Solana has experienced a significant surge, trading at $142.32, up 7.84% from the previous close. The intraday high and low were $144.99 and $130.36, respectively. This upward momentum is attributed to positive market sentiment following reports that upcoming tariffs may be more targeted than initially feared, coupled with record network adoption. These factors have positioned Solana as a strong performer among major cryptocurrencies.
XRP (XRP):
XRP is trading at $2.46, marking a 2.5% increase from the previous close. The day’s high reached $2.50, with a low of $2.39. Recent optimism surrounding XRP stems from expert predictions of higher prices in 2025, driven by factors such as potential ETF launches and regulatory developments. These anticipated catalysts have bolstered investor confidence, contributing to XRP’s recent price appreciation.
In summary, the past week has seen a positive trajectory for BTC, XMR, SOL, and XRP, influenced by a combination of technical breakouts, market sentiment, and fundamental developments. The reclamation of key moving averages and optimistic forecasts suggest potential bullish momentum in the near term.
