Cryptocurrency Price Today: Bitcoin Crosses $68,000, GALA Becomes Top Gainer
Cryptocurrency price on March 11 quick take: The global market cap stood at $2.58 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, crossed the $68,000 mark early Monday as it slowly looks to consolidate at around its all-time high of $69,000. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens across the board. The GALA token emerged to be the biggest gainer of the lot, with a 24-hour gain of over 31 percent. Memecoin PEPE turned out to be the biggest loser, with a 24-hour dip of nearly 10 percent.
The global crypto market cap stood at $2.58 trillion at the time of writing, registering a 24-hour dip of 1.75 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $68,524.39, registering a 24-hour dip of 1 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 59.02 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,837.55, marking a 24-hour loss of 2.45 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.31 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 7.42 percent, as per CoinMarketCap data, currently priced at $0.1649. As per WazirX, Dogecoin price in India stood at Rs 14.20.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 4.44 percent. At the time of writing, it was trading at $85.84. LTC price in India stood at Rs 7,308.18.
Ripple (XRP) Price Today
XRP price stood at $0.6004, seeing a 24-hour dip of 3.66 percent. As per WazirX, Ripple price stood at Rs 52.19.
Solana (SOL) Price Today
Solana price stood at $144.98, marking a 24-hour gain of 4.52 percent. As per WazirX, SOL price in India stood at Rs 12,250.
Top Crypto Gainers Today (March 11)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Gala (GALA)
Price: $0.07473
24-hour gain: 31.61 percent
Pyth Network (PYTH)
Price: $0.8326
24-hour gain: 21.82 percent
Maker (MKR)
Price: $2,690.82
24-hour gain: 11.11 percent
Dymension (DYM)
Price: $7.33
24-hour gain: 9.56 percent
Chainlink (LINK)
Price: $21.66
24-hour gain: 8.12 percent
Top Crypto Losers Today (March 11)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Pepe (PEPE)
Price: $0.00000816
24-hour loss: 9.96 percent
Shiba Inu (SHIB)
Price: $0.00003152
24-hour loss: 9.41 percent
Arweave (AR)
Price: $39.97
24-hour loss: 9.30 percent
Bonk (BONK)
Price: $0.00002981
24-hour loss: 9.23 percent
Worldcoin (WLD)
Price: $9.83
24-hour loss: 9.18 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin continued to hold above the $69,000 level over the weekend. It is on the verge of testing the $70,000 level again. Investors are capitalizing on minor dips, viewing them as strategic buying opportunities. If bulls can hold the gained initiative, there is a chance of breakout followed by a move to the zone of $70,000 and above this week.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “Bitcoin (BTC, -0.8%) was rangebound over the weekend, trading above $68k with major resistance at $70k. With just 40 days left to the halving event, we can expect a period of heightened volatility in the market. Simultaneously, the wider investment landscape continues to actively move towards digital assets. Blackrock’s Bitcoin ETF—IBIT—has set a new US record by reaching $10 billion in AUM faster than any other ETF in the US ETF history.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin jumped to $69,400 on Sunday, up 1.50%, prompting predictions amid its upward trajectory. DeFi Passes $100 Billion in Total Value Locked (TVL), Boosted by Bitcoin's Growth Memecoins like Korra and Ribbit have skyrocketed alongside Bitcoin. Bill Ackman jokingly discussed the economic impact of Bitcoin, which sparked debate. MicroStrategy's investment in bitcoin rose 116% to $13.2 billion, reflecting growing interest from institutions. The Bitcoin chart shows a robust uptrend with key resistances at $71,992, $75,598 and $79,296, supported by $64,861, $62,872 and $59,380. The Relative Strength Index (RSI) at 66 and a bullish engulfing candle indicate a buying trend, with $68,500 serving as a crucial benchmark.”
Shivam Thakral, CEO of BuyUcoin, said, “Shivam Thakral, CEO of BuyUcoin, India’s second-longest-running digital asset exchange stated that after completing its highest weekly candle close ever above $69,000, Bitcoin is now hovering around $68,000 and seems to be consolidating in this range. The biggest Spot ETF which fueled this recent rally, BlackRock’s bitcoin exchange-traded fund, has reached $10 billion faster than any US ETF in history. We could see Ethereum break the $4000 resistance level as the dencun upgrade, which is expected to decrease fees on the Layer2 Blockchains, is less than 2 days away.”
CoinDCX Research Team told ABP Live, “Over the weekend, the crypto market stayed relatively steady, with BTC hovering near its all-time high and ETH showing a slight bearish trend. From a technical standpoint, BTC is consolidating around the crucial level of $69,000, finding support from the 20EMA on the 4-hour chart. Breaking above this resistance level and holding it strongly is essential for BTC to establish new highs. ETH, meanwhile, is currently lagging behind BTC in performance. However, the ETH/BTC pair appears stable, indicating a potential rebound, which could lead to ETH outperforming BTC in the coming days or weeks. To achieve new highs, ETH needs to surpass the $3,970 level. It's worth noting that the upcoming US CPI announcement may introduce additional volatility into the market.”
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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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