Bitcoin (BTC), the oldest and most valued cryptocurrency on this planet, snapped its rally as its price fell from $73,000 to beneath $69,000 early Friday. Different widespread altcoins — together with the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — noticed a massacre throughout the board. Memecoin dogwifhat (WIF) turned the most important gainer, with a 24-hour soar of over 14 p.c. Bitcoin SV (BSV), then again, turned out to be the most important loser, with a 24-hour dip of over 15 p.c.
The global crypto market cap stood at $2.64 trillion on the time of writing, registering a 24-hour dip of 4.53 p.c.
Bitcoin (BTC) Price Today
Bitcoin price stood at $68,658.45, registering a 24-hour dip of 6.72 p.c, as per CoinMarketCap. In line with Indian alternate WazirX, BTC price stood at Rs 59.96 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,734.31, marking a 24-hour lack of 6.47 p.c on the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.27 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 1.08 p.c, as per CoinMarketCap information, at present priced at $0.1698. As per WazirX, Dogecoin price in India stood at Rs 14.92.
Litecoin (LTC) Price Today
Litecoin noticed a 24-hour lack of 5.56 p.c. On the time of writing, it was buying and selling at $91.04. LTC price in India stood at Rs 7,900.
Ripple (XRP) Price Today
XRP price stood at $0.6477, seeing a 24-hour dip of 5.60 p.c. As per WazirX, Ripple price stood at Rs 56.14.
Solana (SOL) Price Today
Solana price stood at $178.75, marking a 24-hour achieve of seven.36 p.c. As per WazirX, SOL price in India stood at Rs 14,800.
Prime Crypto Gainers Today (March 15)
As per CoinMarketCap information, listed below are the highest 5 crypto gainers over the previous 24 hours:
dogwifhat (WIF)
Price: $3.26
24-hour achieve: 14.09 p.c
Solana (SOL)
Price: $180.01
24-hour achieve: 8.40 p.c
NEAR Protocol (NEAR)
Price: $8.50
24-hour achieve: 7.80 p.c
Jupiter (JUP)
Price: $0.9968
24-hour achieve: 6.59 p.c
Aptos (APT)
Price: $13.68
24-hour achieve: 3.09 p.c
Prime Crypto Losers Today (March 15)
As per CoinMarketCap information, listed below are the highest 5 crypto losers over the previous 24 hours:
Bitcoin SV (BSV)
Price: $95.99
24-hour loss: 15.27 p.c
THORChain (RUNE)
Price: $9.67
24-hour loss: 12.69 p.c
Mantle (MNT)
Price: $0.9283
24-hour loss: 11.48 p.c
Starknet (STARK)
Price: $2.24
24-hour loss: 11.09 p.c
Kava (KAVA)
Price: $1.02
24-hour loss: 10.49 p.c
What Crypto Exchanges Are Saying About Present Market Situation
Mudrex co-founder and CEO Edul Patel instructed ABP Live, “Bitcoin hit $74,000 earlier than consolidating round $68,000 as some market individuals liquidated their holdings. The rely of addresses holding at the very least 1,000 BTC elevated from 1,486 on January 13 to 1,592 by March 5 however declined to 1,579 by March 13. Bitcoin’s quick assist degree is at $68,500, and a continuation of its upward trajectory may see it attain $76,000. In the meantime, Solana’s market cap soared to an all-time excessive, and Dogecoin rallied after Elon Musk hinted at Tesla’s potential acceptance of DOGE.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, stated, “Bitcoin fell -5% and is buying and selling at $69,200. Longtime Bitcoin critic Peter Schiff lately admitted his remorse for not investing in Bitcoin when he first encountered it in 2010. Recognized for advocating gold investments, Schiff as soon as derided Bitcoin as a ‘pure Ponzi scheme.’ He revealed that he may have had a internet value of over 100 million today if he had invested again then. Regardless of dismissing Bitcoin’s potential, he now acknowledges its exceptional resilience and entertained the opportunity of it reaching $1 million, although he nonetheless believes it is extra prone to head to zero. As a gold advocate, Schiff expressed considerations about spot Bitcoin ETFs doubtlessly impacting gold’s market cap. Regardless of Bitcoin’s meteoric rise, gold has appreciated by 91.8% since Bitcoin’s launch in 2009.”
Rajagopal Menon, Vice President, WazirX, stated, “Bitcoin (BTC) confronted a pointy 6% decline, dropping beneath $69,000 earlier than bouncing again to $70,500. Ether (ETH), Ripple (XRP), Matic (MATIC), and AVAX (AVAX) additionally skilled 5%-7% losses earlier than a partial restoration. SOL displayed resilience, reaching a 26-month peak earlier than a minor pullback, ending the day with a 3% achieve. The market witnessed a well-recognized sample as patrons shortly stepped in to mitigate losses, indicating ongoing volatility within the crypto sphere.”
Shivam Thakral, CEO of BuyUcoin, stated, “Bitcoin has skilled a flash dump as little as $67,000 because the cryptocurrency noticed over a 7% lower within the final 24 hours. Ethereum additionally noticed related price motion by buying and selling down round $3600. This price motion might be linked to the announcement of the Producer Price Index (PPI) by the Fed, which was greater by 0.6% final month. The Fed is signalling that no rate of interest reduce might be anticipated on the Might assembly.”
CoinDCX Analysis Crew instructed ABP Live, “Prior to now 24 hours, the crypto market skilled a bearish development, with each BTC and ETH declining by over 5%. This might be attributed to barely bearish CPI and PPI information, together with some revenue reserving. Moreover, for ETH, the Dencun improve going stay may need triggered a “promote the occasion” situation. From a technical standpoint, BTC has dropped beneath $69,600, with the subsequent key assist degree at $65,500. The decline in BTC dominance may doubtlessly profit altcoins when BTC reveals indicators of slight restoration.”
Subscribe And Observe ABP Live On Telegram: t.me/officialabplive
Disclaimer: Crypto merchandise and NFTs are unregulated and will be extremely dangerous. There could also be no regulatory recourse for any loss from such transactions. Cryptocurrency isn’t a authorized tender and is topic to market dangers. Readers are suggested to hunt knowledgeable recommendation and browse provide doc(s) together with associated essential literature on the topic fastidiously earlier than making any type of funding in anyway. Cryptocurrency market predictions are speculative and any funding made shall be on the sole price and danger of the readers.
(*15*)
Source link