(Source: ECI/ABP News/ABP Majha)
Cryptocurrency Price Today: Bitcoin Remains Stable At $61,000, Fetch.ai Becomes Top Gainer
Cryptocurrency price on March 1 quick take: The global market cap dipped to $2.28 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, dipped down to the $61,000 range early Friday but appears to be holding on so far, following its rally of up to $64,000 on February 29. Other top coins, including the likes of — Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw minor losses across the board. The Fetch.ai (FET) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 22 percent. Memecoin Pepe (PEPE) became the biggest loser, with a 24-hour dip of nearly 15 percent.
The global crypto market cap stood at $2.28 trillion at the time of writing, registering a 24-hour dip of 0.18 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $61,341.05, registering a 24-hour dip of 0.57 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 53.15 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,379.755 marking a 24-hour loss of 1.46 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.92 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 3.74 percent, as per CoinMarketCap data, currently priced at $0.1204. As per WazirX, Dogecoin price in India stood at Rs 10.31.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 2.63 percent. At the time of writing, it was trading at $83.43. LTC price in India stood at Rs 7,256.21.
Ripple (XRP) Price Today
XRP price stood at $0.5936, seeing a 24-hour jump of 1.15 percent. As per WazirX, Ripple price stood at Rs 51.37.
Solana (SOL) Price Today
Solana price stood at $135.53, marking a 24-hour gain of 10.25 percent. As per WazirX, SOL price in India stood at Rs 10,875.
Top Crypto Gainers Today (March 1)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Fetch.ai (FET)
Price: $1.64
24-hour gain: 22.67 percent
SingularityNET (AGIX)
Price: $0.8456
24-hour gain: 17.03 percent
BitTorrent (NEW) (BTT)
Price: $0.000001278
24-hour gain: 13.88 percent
dogwifhat (WIF)
Price: $0.9149
24-hour gain: 12.07 percent
UNUS SED LEO (LEO)
Price: $4.79
24-hour gain: 11.80 percent
Top Crypto Losers Today (March 1)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Pepe (PEPE)
Price: $0000002737
24-hour loss: 14.46 percent
Arweave (AR)
Price: $26.91
24-hour loss: 7.75 percent
JasmyCoin (JASMY)
Price: $0.02065
24-hour loss: 7.64 percent
Blur (BLUR)
Price: $0.7304
24-hour loss: 7.15 percent
Mantle (MNT)
Price: $0.907
24-hour loss: 6.07 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “After hitting $64,000, Bitcoin is currently steadying at $60,000, driven by an increase in liquidations. Nonetheless, the cryptocurrency has achieved historic highs in local currencies across various nations, including India, China, Japan, the UK, Argentina, Turkey, Egypt, and more showing resiliance. Bitcoin encounters resistance at $62,100 and maintains support at $60,300. With rising inflows into spot Bitcoin ETFs and the imminent halving event, the bullish trend is likely to persist.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “While BTC (+0.2%) is yet to reach its all-time high in USD terms, it has breached record highs in local currencies across multiple regions across the globe, including India, China, Japan, and the U.K. With the halving event less than 50 days away, BTC witnessed the highest monthly jump of 44% in February, the highest since December 2020. Looking at the investor activity and on-chain transaction data, the current uptrend seems to be just the start of what is coming.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Renowned trader Peter Brandt has raised eyebrows with his latest Bitcoin prediction, predicting a bullish trajectory that could see the cryptocurrency climb as high as $200,000 by 2025. Brandt's analysis, shared on Twitter, underscores bitcoin's recent breakout above a 15-month trading channel and signals the potential for significant upside in the coming years. However, Brandt warns that a close below the previous week's low could invalidate this bullish outlook, highlighting the inherent volatility of crypto markets. Bitcoin is currently trading at $60,750 during the US session, facing resistance levels of $63,927, $66,524 and $69,093, with support levels at $58,982, $56,103 and $53,372 offering potential backup positions.”
Shivam Thakral, CEO of BuyUcoin, said, “After a day of rallying more than 10%, Bitcoin has now pulled back towards the 60,000 level and seems to be holding it as temporary support. At the same time, the ETF hype continues, as Spot Bitcoin ETFs had their second-biggest day ever in trading volume. According to Bitwise Chief Investment Officer Matt Hougan, the demand for spot bitcoin ETFs will continue as larger U.S. wirehouses have yet to offer these funds to their clients, and the current demand has considerably come from retail investors, hedge funds, and independent financial advisors.”
CoinDCX Research Team told ABP Live, “In the past 24 hours, the crypto market remained neutral, with both BTC and ETH experiencing slight drops of 1-2%. From a technical standpoint, BTC is exhibiting sideways movement in smaller timeframes, currently below the 7-day EMA but above the 20-day EMA. Key resistance levels for BTC are observed at $65,500 and $69,000. ETH closed with a notably bearish tone in the last daily session, facing rejection from the critical $3,500 resistance level, compounded by bearish behaviour in the ETH/BTC pair. On the positive side, Merrill and Wells Fargo have announced plans to offer Bitcoin ETFs to their customers.”
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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.
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