Cryptocurrency Price Today: Ethereum Climbs Above $3,000, Market Cap Approaches $2 Trillion

Cryptocurrency price on February 26 quick take: The global market cap stood at $1.95 trillion.

ETH price stood at $3,099.39 on Tuesday.

Source : Getty

Ethereum (ETH), the second-most popular crypto coin after Bitcoin (BTC), has managed to climb above the $3,000 mark over the weekend, accomplishing a 20-month high. Bitcoin (BTC), on the other hand, managed to remain stable within the $51,000 range. Other top coins, including the likes of — Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw minor dips across the board. The Flare (FLR) token emerged as the biggest gainer of the lot, with a 24-hour jump of over 18 percent. Helium (HNT) became the biggest loser, with a 24-hour dip of nearly 5 percent. 

The global crypto market cap stood at $1.99 trillion at the time of writing, registering a 24-hour gain of 0.67 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $51,507.28, registering a 24-hour dip of 0.12 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 45.31 lakh.

Ethereum (ETH) Price Today

ETH price stood at $3,099.39 marking a 24-hour gain of 2.71 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.73 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour loss of 0.57 percent, as per CoinMarketCap data, currently priced at $0.08557. As per WazirX, Dogecoin price in India stood at Rs 7.51.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour dip of 0.11 percent. At the time of writing, it was trading at $69.98. LTC price in India stood at Rs 6,120.01.

Ripple (XRP) Price Today

XRP price stood at $0.5402, seeing a 24-hour loss of 0.92 percent. As per WazirX, Ripple price stood at Rs 47.38.

Solana (SOL) Price Today

Solana price stood at $103.58, marking a 24-hour gain of 0.10 percent. As per WazirX, SOL price in India stood at Rs 9,046.11. 

Top Crypto Gainers Today (February 26)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Flare (FLR)

Price: $0.0472
24-hour gain: 18.20 percent

Theta Network (THETA)

Price: $1.49
24-hour gain: 14.99 percent

Arweave (AR)

Price: $15.90
24-hour gain: 13.45 percent

Mantle (MNT)

Price: $0.8972
24-hour gain: 13.05 percent

Immutable (IMX)

Price: $3.34
24-hour gain: 9.62 percent

Top Crypto Losers Today (February 26)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Helium (HNT)

Price: $8.25
24-hour loss: 4.85 percent

Celestia (TIA)

Price: $16.58
24-hour loss: 4.74 percent

Render (RNDR)

Price: $7.25
24-hour loss: 3.46 percent

Sei (SEI)

Price: $0.818
24-hour loss: 3.28 percent

Kaspa (KAS)

Price: $0.168
24-hour loss: 2.81 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “BTC (-0.2%) briefly dipped below $51K on Saturday before regaining its rangebound performance around $51.5k. BTC seems to be going through a cool-off period currently. With investor sentiment still strong, many are expecting a positive price action. ETH (+2.3%) reclaimed the $3k level for the second time in February. The recent upward movements have also elevated ETH’s Relative Strength Index (RSI) while growing its Total Supply in Profit; around 1 million ETH in profit over the weekend.”

Rajagopal Menon, Vice President, WazirX, said, “Bitcoin is consolidating around the $52,000 mark after a substantial two-week surge, supported by a resilient stock market, the upcoming halving event, and consistent investments in spot. Bitcoin ETFs. Bitcoin's stability above $50,000 is noteworthy, with alternative cryptos attracting short-term investors. The current price action indicates support at $50,500 and resistance at $53,000, suggesting a consolidation phase. With the RSI approaching overbought levels and rising moving averages, bullish momentum is evident. A breach above the $53,000 resistance could trigger a significant rally, possibly reaching the $60,000 milestone.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin's price resilience, bolstered by legal victories such as the recent Texas Blockchain Council and Riot Platforms' success against US energy regulators, underscores its stability amid regulatory uncertainty around the world, particularly in Nigeria. While calls for regulatory clarity persist, institutional interest is growing, exemplified by Carlson Group's inclusion of bitcoin ETFs. With Bitcoin trading around $51,600, holding support at $51,000 is key for a potential upside trajectory with resistance at $53,943, $55,214 and $56,497. The RSI at 55 suggests balance, while the 50-day EMA at $51,079 suggests bullish sentiment. As a result, a cautiously optimistic outlook prevails, dependent on sustained levels of support and regulatory developments.”

Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin is experiencing consolidation over the last few weeks by trading under the $50,000-$53000 range. After rallying by around 36% since the start of 2024, Bitcoin has failed to breach the $53,000 resistance. A breakout above this level would push the price of the biggest cryptocurrency up to $60,000 in the near future.” 

CoinDCX Research Team told ABP Live, “In the last 24 hours, the crypto market showed a slightly bearish sentiment with the first net outflow from BTC ETF since January 25, 2024, signalling bearishness. Additionally, funding rates were not favourable for bulls. Technically, BTC closed in the red but stayed within its range, with local support around $50,600 and resistance at $52,500. Meanwhile, ETH remained relatively stable, hovering between $2,900 and $3,000, with local support at $2,880 and resistance at $3,030. In positive news, Reddit disclosed its investment of excess cash into Bitcoin and Ethereum, hinting at potential future investments in these cryptocurrencies.”

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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.