Crypto On March 31: Bitcoin Dip Doesn't Hold Back Bullish Market

The cryptocurrency market remained largely bullish Thursday despite a nearly 1% dip in flagship token Bitcoin. Industry insiders believe that digital assets have a long-term future though crypto players were closely watching a scheduled vote in a European Parliament committee regarding tightening of scrutiny of crypto transactions.

The global market cap rose 0.29% to $2.15 trillion, as of 4.20 a.m. ET, CoinMarketCap data showed. Solana was the top driver of the market as it rose 10.44% to $123.45.

Ethereum was down about 0.40% at $3,396.86. BTC lost 0.95% to trade at $47,077.78. Tether and USD Coin were also slightly down. Meme cryptos Shiba Inu and Dogecoin surged.

"On a longer-run perspective, crypto continues to see strong interest by individuals and institutions globally, with the number of public crypto funds surging up to 119 as of Jan 2022 — there were just 4 such funds five years ago," CoinDCX research team told International Business Times.

"It is no doubt now that crypto is here to stay — the quicker corporations and governments are able to see that, the better position they will be into leverage on the promises that crypto brings."

As per WazirX's daily analysis, Zilliqa(ZIL), a concept of Sharding-based scalability project, surged by over 100% in the last 24 hours as it launched the ZIL-ETH bridge on the Zilliqa mainnet.

In other news, Samsung has partnered with marketplace Nifty Gateway to integrate NFTs into its products in 2022.

The crypto market is extremely volatile and experts recommend investors not make decisions based on the sudden shift in prices.