Yaz Sheikh, Publisher at CoinCodex

Bitcoin had an interesting weekend in which it managed to break the previous ATH price and set a new one above $60,000. However, with regulation moving to ban cryptocurrency in India, there has been a sharp drop-off in the price - causing it to dip beneath $60,00 again.

Bitcoin is down by a precipitous 8% over the past 24 hours as it falls into the $55,500 level. The cryptocurrency saw a strong performance over the weekend in which it managed to create a fresh ATH price at $61,788. It ran into resistance at $61,192 and ended up closing the daily candle there.

The price of Bitcoin saw a strong 13% price hike over the last week of trading as it rebounded from the support at $48,500 and managed to break the short-term symmetrical triangle pattern that it was trading within.

Exchange Tokens continue to grow this month as the industry starts to pick up again with Bitcoin surging back toward ATH levels. The total market cap for exchange tokens is now close to $71.10 billion up from the $40 billion in our last Exchange Token analysis.

Binance Coin just reclaimed the 3rd ranked position with a 14% price surge today that allowed the cryptocurrency to break back above $250 to reach $268. Binance Coin has been surging all month, in which it managed to explode by a total of 297%.

Bitcoin is finally back above the $50,000 level after surging 5.5% over the past seven days of trading. If it can remain above $50,000 this week, we might see some positive growth within the overall market.

Chainlink climbed by 6% today, allowing the cryptocurrency to push back above $30 and reach $31. Chainlink had reached a new ATH price at $37.37 during February but started to head lower from there.

Bitcoin saw a hefty 25% price drop over the past week of trading as the cryptocurrency crashed into the $43,200 level (.5 Fib Retracement). Fortunately, it has increased by 7% today after rebounding from the $43,200 level to reach near $48,000.

Bitcoin had seen a previous week in which the price of the asset was down around 15%. It has since recovered slightly today, rising by around 5%, but is still trading beneath the $50,000 level. It had dropped as low as $43,200 yesterday but found support at the .5 Fib Retracement and rebounded from there.

Bitcoin saw a substantial price drop today after it fell from above $58,300 and collapsed beneath $55,000. It was around a 5% price drop, which is quite healthy in the grand scheme of things considering how high Bitcoin has surged over the past few weeks.