As happened on other days, the price of Bitcoin today, March 27, opened with a decline and progressive reduction. According to CoinGecko, the price of BTC fell by 1.7%, but this movement lost strength throughout the morning. As a result, Bitcoin registered a drop of 1% at the time of finalizing this text.
In terms of price, one BTC is worth US$70,100 on the international market and R$348,864 in Brazil. The national price also fell by 1%.
With the fall of Bitcoin, other cryptocurrencies also opened the day in the red. Cardano (ADA), for example, recorded the biggest losses, falling 4.5%, followed closely by Solana (SOL), which lost 4.4%. Then came XRP, whose parent company Ripple Labs faces the possibility of a billion-dollar fine in the United States, which caused the cryptocurrency to fall 4.3%.
Ethereum (ETH) had a bigger drop than BTC, but smaller than the rest of the market. Its price fell 1.8% abroad and 1.5% in Brazil, but it still remained above US$3,500. The national ETH price opened at R$17,800, just below the R$18,000 registered on Tuesday (26).
In the Top 100, the biggest negative highlight was Kaspa (KAS), whose price fell 9.8%. ONDO, which achieved strong gains after BlackRock’s tokenization wave, fell 8.3% and gave back some of that appreciation. The positive highlight was Mantle (MNT), which received a strong wave of buying from short-term investors and rose 44%, reaching its historic high.
Bitcoin price today
With recent appreciation, BTC finally broke a bearish flag that had existed since $60,000. This breakout happened at the beginning of the year, but it has an impact on the current price movement.
But what draws attention is the lateralization zone that formed in the US$70,000 range, exactly after the big bull rally at the beginning of the year. This zone indicates that investors are accumulating BTC as they prepare for retests of the all-time high.
“BTC has broken a bear flag and is heading towards its all-time high, where there is $50 million to be liquidated. It seems like a lot of money, but it’s not. The market has lower liquidity at the moment, showing that interest is decreasing, a sign of consolidation”, explained Fernando Pereira, analyst at Bitget.
Once again, investors’ attention should focus on the weekly and monthly close of the 31st. If BTC manages to stay above $69,000, it should test new highs just before the halving, scheduled to take place on April 20th.
