WMA: New Market Dip Drives Bitcoin to $66K, Altcoins Fail to Recover

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This Week’s Summary

The crypto market ends the week at a total market capitalization of $2.3 trillion.
Bitcoin’s trading value decreased to around $66,500.
Ethereum decreased by nearly 5% to trade at around $1,900.
XRP is down 5%, Solana is down 6%, and Dogecoin is down 1%.
Almost all altcoins are trading in the red, with very few exceptions.
In the DeFi sector, total value locked (TVL) across protocols decreased to around $92 billion.

Crypto Market 23 – 29 March 2026: Market Analysis and Performance

The crypto market is experiencing a new and concerning dip, with most cryptocurrencies now trading below key support levels. Meanwhile, the military conflict in the Middle East continues with unpredictable consequences. The most palpable effect is visible across the global financial markets, which are underperforming to say the least. Meanwhile, the overall market capitalization decreased by over $60 billion, reaching $2.3 trillion.

Bitcoin started the week trading at around $68,000. The king of cryptocurrencies recovered and gained a few thousand dollars in just a couple of days. More precisely, a bullish sentiment took BTC above $71,600 mid-week. However, that high didn’t last long, and BTC is now trading nearly $5,000 below it.

Ethereum decreased by nearly 5% this week and, unsurprisingly, dropped below the $2,000 support level. This seesawing movement around that threshold is causing investors to lose hope for an imminent recovery. In fact, ETH has become the favorite major-cap coin among quick-profit hunters, which has contributed to its abysmal performance.

Altcoins & DeFi

Most altcoins are trading in the red, without any notable exceptions. For example, XRP is down 5%, Solana is down 6%, Cardano is down 6%, Avalanche is down 5%, Sui is down 8%, Chainlink is down 4%, but TRON is up 1%. Elsewhere, Zcash is down 3%.

The memecoins also saw some interesting trajectories. For instance, Dogecoin is down 1%, Shiba Inu is down 1%, and Pepecoin is down 2%.

The Metaverse sector has also seen notable movements in the past week. For instance, Axie Infinity is up 1%, The Sandbox is down 6%, and Floki is down 4%. Meanwhile, Decentraland is down 5%, Render is up 1%, and ApeCoin is down 5%. MultiversX decreased by 6% while Virtuals decreased by 2%. Meanwhile, Stacks decreased by 8%.

The DeFi sector saw total value locked in protocols (TVL) drop by over $2 billion, to about $92.44 billion.

Crypto Market Analysis – What’s in the News?

Strategy’s multi-million-dollar BTC purchases continue, with the company using $76.6 million to acquire an additional 1,031 BTC. As a result, its total BTC stash has grown to over 762,000 units.

Next Week’s Crypto Market Forecast

The crypto market remains predominantly bearish despite the occasional bullish blips. The ongoing international conflicts, rapidly spreading FUD, and weak global economic conditions point to a continued status quo for several weeks.

The post WMA: New Market Dip Drives Bitcoin to $66K, Altcoins Fail to Recover appeared first on Crypto Adventure.

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