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March 20 Daily Report: BTT price Jumps 10X from Last Month, Bitcoin Is 3rd Largest World Currency, Ethereum Supply Crunch Will Fuel Rise Above $10,000, Cardano near all-time highs, and Balancer (BAL) hits an all-time high

Bitcoin Is 3rd Largest World Currency, Ethereum Supply Crunch Will Fuel Rise Above $10,000, Cardano near all-time highs, Litecoin (LTC) ‘daily’ addresses have grown 6x and Balancer (BAL) hits an all-time high

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BTT price Jumps by 10X

In the last 24 hours, the BTT price increased by 75% whereas it has increased by 1000% from the last month. The BitTorrent, BTT price did not move much till February and since it had consolidated, rocketed from $0.000542 to $0.00164 in 24 hours. It also hit its ATH subsequently in the next 24 hours. Since then it has been on a roller coaster ride between strong support levels of $0.0011 and resistance levels just over $0.00197.

Ethereum Supply Crunch Will Fuel Rise Above $10,000

Crypto analyst and trader Lark Davis says he expects Ethereum to appreciate by at least 400%. Davis adds that Ethereum will also benefit from the growing adoption of decentralized finance (Defi) which is the ‘biggest thing happening in cryptocurrencies’.

A fresh wave of interest pushes Cardano near all-time highs

Cardano recently came within a penny of its previous U.S. dollar all-time price high. Cardano (ADA) made a run at its all-time price high on March 18, following renewed retail interest in the asset.
Read more on Cardano (ADA) ‘s $1B futures open interest shows ADA is a serious contender

Litecoin (LTC) ‘daily’ addresses have grown 6x since 2020

The number of active addresses on Litecoin, the world’s ninth-largest cryptocurrency by market cap, has grown by over six-fold in the past year, data from on-chain analytics service Glassnode shows. “New Litecoin addresses added daily are now broaching 100,000. Compared to 12 months ago, this is a 5x increase”. Litecoin is on its way to being a part of World Currency.

Balancer (BAL) hits an all-time high as Defi projects to trial new solutions

Protocol integrations, gas fee reimbursements and a bump in Defi activity back Balancer’s rally to a new all-time high. A break from the spotlight has allowed some of the more popular Defi projects like Balancer to regroup and plan out the next steps for their protocols as they work toward creating a more interoperable, user-friendly Defi ecosystem.

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A Decade in the Making: US SEC Approves 11 Bitcoin ETFs, Igniting Market Enthusiasm

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Christmas in the cryptocurrency world arrives early as the pre-holiday crypto market heats up

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