Cryptocurrency Price Today: Bitcoin Charts New High Of $72,000, Ethereum Crosses $4,000

Cryptocurrency price on March 12 quick take: The global market cap rose to $2.72 trillion.

Bitcoin price stood at $71,871.57 on Tuesday.

Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, crossed the $72,000 mark early Tuesday, before settling down at around $71,800 at the time of writing. According to industry experts, the sudden rise in investors’ interest in Bitcoin exchange-traded funds (ETFs) continues to be the primary driver. Ethereum (ETH), on the other hand, finally managed to cross the $4,000 mark and appears to remain stable. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens across the board. Toncoin (TON) emerged to be the biggest gainer of the lot, with a 24-hour gain of nearly 25 percent. Memecoin dogwifhat (WIF) turned out to be the biggest loser, with a 24-hour dip of nearly 7 percent. 

The global crypto market cap stood at $2.72 trillion at the time of writing, registering a 24-hour gain of 4.72 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $71,871.57, registering a 24-hour gain of 4.77 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 62.10 lakh.

Ethereum (ETH) Price Today

ETH price stood at $4,039.04, marking a 24-hour gain of 4.79 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.50 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour jump of 4.81 percent, as per CoinMarketCap data, currently priced at $0.1741. As per WazirX, Dogecoin price in India stood at Rs 14.90.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour gain of 14.24 percent. At the time of writing, it was trading at $99.21. LTC price in India stood at Rs 8,456.52.

Ripple (XRP) Price Today

XRP price stood at $0.6922, seeing a 24-hour jump of 13.95 percent. As per WazirX, Ripple price stood at Rs 59.72.

Solana (SOL) Price Today

Solana price stood at $153.76, marking a 24-hour gain of 9.10 percent. As per WazirX, SOL price in India stood at Rs 13,150. 

Top Crypto Gainers Today (March 12)

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

Toncoin (TON)

Price: $3.48
24-hour gain: 24.79 percent

Avalanche (AVAX)

Price: $48.08
24-hour gain: 15.69 percent

Litecoin (LTC)

Price: $99.74
24-hour gain: 14.94 percent

Ripple (XRP)

Price: $0.6943
24-hour gain: 14.31 percent

Synthetix (SNX)

Price: $4.75
24-hour gain: 12.63 percent

Top Crypto Losers Today (March 12)

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

dogwifhat (WIF)

Price: $1.97
24-hour loss: 6.36 percent

Gala (GALA)

Price: $0.07363
24-hour loss: 3.55 percent

SingularityNET (AGIX)

Price: $1.25
24-hour loss: 3.14 percent

The Graph (GRT)

Price: $0.4382
24-hour loss: 2.92 percent

Fetch.ai (FET)

Price: $2.74
24-hour loss: 2.92 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin jumped above the $72,000 level in the past 24 hours with its market capitalization rising to $1.42 trillion surpassing that of silver at $1.38 trillion. The positive momentum in the market is attributed to growing interest in Bitcoin spot ETFs and the approaching Bitcoin Halving event, which has historically impacted the price of Bitcoin. Bitcoin has been up by 250% since the past year. There has been a steady rise of mainstream acceptance and investments from both retail and institutions since the Bitcoin spot ETF approval. The next resistance is at the $76,000 level. On the other hand, Ethereum also surged above the $4,000 level rising 174% in the past year.”

CoinSwitch Markets Desk noted, “Crypto markets continue to surge amidst volatility. The overall M.Cap has ballooned over $2.8 trillion, with all-time highs of Crypto M.Cap now in sight at just above $3 trillion. Bitcoin (BTC, +4.5%) was able to successfully move past the $70k resistance level, and now trading near the $72k mark. Similarly, Ethereum (ETH, +4.7%) moved past the $4k level and now trading above this level. The broader market is in the green, while the fear and greed index continues to be in the ‘Extreme Greed’ signifying a very strong investor sentiment.”

Rajagopal Menon, Vice President, WazirX, said, “Bitcoin's Exchange-Traded Fund (ETF) volumes continue to uplift market sentiment, driving the token to an all-time high amid increased adoption. Despite awareness of potential pre-halving corrections, investors maintain optimism regarding the token's price trajectory. In the last 24 hours, Bitcoin's Hull Moving Average has transitioned into a 'Buy' sentiment, coinciding with significant gains in Litecoin, Ripple, and STX. While uncertainties linger around Ethereum ETFs, the token is witnessing gains as part of the broader market surge, showcasing resilience and positive momentum. Investors remain attentive to developments in this dynamic market landscape.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Institutional involvement, exemplified by BlackRock's large bitcoin holdings and the SEC's approval of ETFs, is reshaping the bitcoin story. As BlackRock's ETF outperforms MicroStrategy's holdings, institutional interest is driving Bitcoin's rise. MicroStrategy remains committed to strengthening its Bitcoin reserves, reflecting the company's growing belief in the long-term value of Bitcoin. Bitcoin's current rise to $72,500 underscores its market dominance, with technical indicators pointing to a bullish trend. Resistance levels at $73,824, $76,749 and $79,904 pose challenges, while support levels at $67,154, $64,861 and $62,192 offer cushions against downside. Despite potential overbought conditions, Bitcoin's break above $70,000 and bullish candlestick patterns indicate an upward trajectory, with a target above $73,800. The 50-day EMA at $66,860 reinforces this bullish sentiment and suggests a positive outlook for Bitcoin above $72,200.”

Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin's price surpassed $72,000 on Monday, creating a new ATH at $72,800. The largest cryptocurrency now has a total market cap of $1.4T, surpassing silver to become the world's eighth most valuable property. MicroStrategy purchased an additional 12,000 BTC for approximately $821.7 million in cash. This takes MicroStrategy's Bitcoin holdings to over 205,000 BTC. The crypto market continues to demonstrate remarkable growth and adoption worldwide.” 

CoinDCX Research Team told ABP Live, “In the past 24 hours, the crypto market remained bullish as BTC surged to a new all-time high of $72,800 and ETH reached a new yearly high. Alts also experienced significant upside moves. BTC's stability at this high level indicates strong underlying strength, with futures open interest also rising sharply. This stability in BTC led to 5-10% gains in altcoins, with Layer 1 tokens leading the charge. ETH nearly touched $4,100 and is currently consolidating around that level. Additionally, the ETH/BTC pair is showing major support, suggesting that ETH may take the lead in the near term. The next key level for ETH to watch is $4,380.”

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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.