Cryptocurrency Price Today: Bitcoin Dips Below $69,000 As Top Coins See Bloodbath
Cryptocurrency price on March 15 quick take: The global market cap dipped to $2.64 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, snapped its rally as its price fell from $73,000 to below $69,000 early Friday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw a bloodbath across the board. Memecoin dogwifhat (WIF) became the biggest gainer, with a 24-hour jump of over 14 percent. Bitcoin SV (BSV), on the other hand, turned out to be the biggest loser, with a 24-hour dip of over 15 percent.
The global crypto market cap stood at $2.64 trillion at the time of writing, registering a 24-hour dip of 4.53 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $68,658.45, registering a 24-hour dip of 6.72 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 59.96 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,734.31, marking a 24-hour loss of 6.47 percent at 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 percent, as per CoinMarketCap data, currently priced at $0.1698. As per WazirX, Dogecoin price in India stood at Rs 14.92.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 5.56 percent. At the time of writing, it was trading 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 percent. As per WazirX, Ripple price stood at Rs 56.14.
Solana (SOL) Price Today
Solana price stood at $178.75, marking a 24-hour gain of 7.36 percent. As per WazirX, SOL price in India stood at Rs 14,800.
Top Crypto Gainers Today (March 15)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
dogwifhat (WIF)
Price: $3.26
24-hour gain: 14.09 percent
Solana (SOL)
Price: $180.01
24-hour gain: 8.40 percent
NEAR Protocol (NEAR)
Price: $8.50
24-hour gain: 7.80 percent
Jupiter (JUP)
Price: $0.9968
24-hour gain: 6.59 percent
Aptos (APT)
Price: $13.68
24-hour gain: 3.09 percent
Top Crypto Losers Today (March 15)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Bitcoin SV (BSV)
Price: $95.99
24-hour loss: 15.27 percent
THORChain (RUNE)
Price: $9.67
24-hour loss: 12.69 percent
Mantle (MNT)
Price: $0.9283
24-hour loss: 11.48 percent
Starknet (STARK)
Price: $2.24
24-hour loss: 11.09 percent
Kava (KAVA)
Price: $1.02
24-hour loss: 10.49 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin hit $74,000 before consolidating around $68,000 as some market participants liquidated their holdings. The count of addresses holding at least 1,000 BTC increased from 1,486 on January 13 to 1,592 by March 5 but declined to 1,579 by March 13. Bitcoin's immediate support level is at $68,500, and a continuation of its upward trajectory could see it reach $76,000. Meanwhile, Solana's market cap soared to an all-time high, and Dogecoin rallied after Elon Musk hinted at Tesla's potential acceptance of DOGE.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin fell -5% and is trading at $69,200. Longtime Bitcoin critic Peter Schiff recently admitted his regret for not investing in Bitcoin when he first encountered it in 2010. Known for advocating gold investments, Schiff once derided Bitcoin as a ‘pure Ponzi scheme.’ He revealed that he could have had a net worth of over a hundred million today if he had invested back then. Despite dismissing Bitcoin's potential, he now acknowledges its remarkable resilience and entertained the possibility of it reaching $1 million, though he still believes it's more likely to head to zero. As a gold advocate, Schiff expressed concerns about spot Bitcoin ETFs potentially impacting gold's market cap. Despite Bitcoin's meteoric rise, gold has appreciated by 91.8% since Bitcoin's launch in 2009.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin (BTC) faced a sharp 6% decline, dropping below $69,000 before bouncing back to $70,500. Ether (ETH), Ripple (XRP), Matic (MATIC), and AVAX (AVAX) also experienced 5%-7% losses before a partial recovery. SOL displayed resilience, reaching a 26-month peak before a minor pullback, ending the day with a 3% gain. The market witnessed a familiar pattern as buyers quickly stepped in to mitigate losses, indicating ongoing volatility in the crypto sphere.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin has experienced a flash dump as low as $67,000 as the cryptocurrency saw over a 7% decrease in the last 24 hours. Ethereum also saw similar price action by trading down around $3600. This price action could be linked to the announcement of the Producer Price Index (PPI) by the Fed, which was higher by 0.6% last month. The Fed is signalling that no interest rate cut could be expected at the May meeting.”
CoinDCX Research Team told ABP Live, “In the past 24 hours, the crypto market experienced a bearish trend, with both BTC and ETH declining by over 5%. This could be attributed to slightly bearish CPI and PPI data, along with some profit booking. Additionally, for ETH, the Dencun upgrade going live might have triggered a "sell the event" scenario. From a technical standpoint, BTC has dropped below $69,600, with the next key support level at $65,500. The decline in BTC dominance could potentially benefit altcoins when BTC shows signs of slight recovery.”
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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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