The cryptocurrency market exhibited a strong performance on Monday, March 16, as major coins like Bitcoin and Ethereum drew renewed interest from buyers. In the realm of popular altcoins, BNB, XRP, Solana, Tron, Cardano, and Hyperliquid have seen trading gains of up to 7 percent. Experts noted that the crypto market has shown stability, with investors closely monitoring macroeconomic indicators and international policy changes.The market holds its ground as macroeconomic factors are closely monitored. Nischal Shetty stated that the crypto market remains stable as investors monitor macroeconomic signals and institutional developments closely. In the latest developments within the crypto landscape, governance tokens have experienced notable gains in the past 24 hours, with APE increasing by 6.32 per cent. Meanwhile, AI & Big Data tokens like FET and MDT have also made impressive strides, climbing 10.66 per cent and 4.48 per cent, respectively.
Shetty highlighted the ongoing experiments with blockchain infrastructure being conducted by traditional financial institutions, particularly the trials surrounding tokenised financial assets, as a significant development. “These experiments suggest that parts of the traditional financial system are exploring how blockchain can improve settlement efficiency and transparency,” he noted. He also emphasized Bitcoin’s price stability hovering around the $70,000 mark, showcasing consistent investor interest while markets keep a close eye on global macro indicators like inflation expectations, oil prices, and possible central bank policy moves. Recent macroeconomic commentary from policymakers has bolstered sentiment and stabilized risk assets, including cryptocurrencies, he added. Bitcoin surged beyond the $74,000 threshold, hitting $74,395, yet struggled to hold onto those elevated levels. In the most recent update, the leading cryptocurrency saw an increase of 3.2 percent, reaching a price of $73,822, accompanied by a 24-hour trading volume of $35.24 billion. In the last 24 hours, Bitcoin fluctuated between $71,282.33 and $74,395.78, with its market capitalization increasing by 3.27 percent to reach $1.47 trillion. Despite the recovery, BTC is still over 41 percent below its all-time high of $126,198, which was achieved in October 2025.
Harish Vatnani stated that Bitcoin is poised for its seventh consecutive green daily candle, which would signify its strongest close since March 4. He observed that prices have remained above crucial long-term thresholds, such as the 200-week EMA and the former 2021 all-time high range of $68,300–$69,400, maintaining a positive outlook for the broader trend. Macro risks continue to capture attention, as WTI crude oil strives to reclaim the $100 per barrel mark amidst persistent supply concerns. Despite the recovery, market sentiment remains cautious, with Vatnani noting that the Crypto Fear & Greed Index is still in “Extreme Fear” at 16. US spot Bitcoin ETFs have recorded their first five-day inflow streak of 2026, bringing in approximately $767 million this week. “Bitcoin is currently trading in a range of $65,000 to $75,000, with a strong support zone from $65,000 to $60,000, while resistance is seen at $75,000 and $80,000,” said Vatnani.
Ethereum has surpassed Bitcoin, recording gains exceeding 7 percent and maintaining a position above the $2,200 threshold. As of the latest update, the world’s second-largest cryptocurrency is priced at $2,261, reflecting a 7.54 percent increase, accompanied by a 24-hour trading volume of $22.12 billion. In the last 24 hours, ETH fluctuated between $2,087.33 and $2,274.85, with its market capitalization increasing by 7.5 percent to reach $273.09 billion. Ethereum is currently trading at 54 percent below its all-time high of $4,953, which was achieved in August 2025. Riya Sehgal noted that a clean breakout could aim for the $2,300–$2,450 range, with support expected around $2,050–$2,070 to potentially cushion any dips. “Both BTC and ETH exhibit a short-term bullish bias, although consolidation or minor pullbacks may occur near resistance zones,” she added.