Cryptocurrency Price Today (March 18): Bitcoin Remains Below $84,000, PI Becomes Biggest Loser
Cryptocurrency price on March 18 quick take: The global market cap dipped to $2.71 trillion.
Bitcoin (BTC), the world’s oldest and most valued crypto, failed to rise above the $84,000 mark early Tuesday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds across the board as overall Market Fear & Greed Index stood at 25 (Fear) out of 100, as per CoinMarketCap data. The PancakeSwap (CAKE) token became the biggest gainer, with a 24-hour jump of nearly 22 percent. PI became the biggest loser, with a 24-hour loss of nearly 19 percent.
The global crypto market cap stood at $2.71 trillion at the time of writing, registering a 24-hour dip of 0.89 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $83,916.74, registering a 24-hour loss of 0.78 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 72.37 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,901.54, marking a 24-hour dip of 0.11 percent at the time of writing. Ethereum price in India stood at Rs 1.65 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 3 percent, as per CoinMarketCap data, currently priced at $0.1678. Dogecoin price in India stood at Rs 14.94.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 4.17 percent. At the time of writing, it was trading at $89.72. LTC price in India stood at Rs 8,079.98.
Ripple (XRP) Price Today
XRP price stood at $2.28, seeing a 24-hour loss of 2.98 percent. Ripple price in India stood at Rs 203.47.
Solana (SOL) Price Today
Solana price stood at $124.03, marking a 24-hour dip of 3.73 percent. SOL price in India stood at Rs 11,201.80.
Top Crypto Gainers Today (March 18)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
PancakeSwap (CAKE)
Price: $2.52
24-hour gain: 21.90 percent
BinaryX (BNX)
Price: $1.77
24-hour gain: 7.46 percent
Pepe (PEPE)
Price: $0.000007237
24-hour gain: 6.80 percent
Tron (TRX)
Price: $0.2221
24-hour gain: 4.18 percent
OKB (OKB)
Price: $52.01
24-hour gain: 4.12 percent
Top Crypto Losers Today (March 18)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Pi (PI)
Price: $1.15
24-hour loss: 18.63 percent
Berachain (BERA)
Price: $6.27
24-hour loss: 8.79 percent
Sonic (S)
Price: $0.4752
24-hour loss: 6.81 percent
Shiba Inu (SHIB)
Price: $0.00001271
24-hour loss: 5.36 percent
Toncoin (TON)
Price: $3.46
24-hour loss: 4.96 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Edul Patel, CEO and co-founder, Mudrex told ABP Live, “Bitcoin is hovering around $83,000 after trying to break resistance near $85,000, as investors book profits at higher levels. Meanwhile, Ethereum remains resilient despite Standard Chartered cutting its year-end target for ETH by 60%. Notably, while retail investor activity has slowed ahead of the FOMC meeting, institutions like Strategy are turning active with the purchase of 130 Bitcoins, hinting at a potential institutional comeback. Additionally, BTC’s support has moved up to $82,300, suggesting increased stability in the near term.”
CoinSwitch Markets Desk noted, “Bitcoin (BTC) remained relatively stable around the $83,000 mark, continuing to hover near the 200-day simple moving average at $84,000, which acts as a significant resistance level. Meanwhile, traditional markets showed resilience with the S&P 500 closing higher by almost 2% over the last two days. After testing the support of 5500, it is now retesting 5700, which needs to be broken for further upside potential. However, the market sentiment remains cautious as Israel has broken its ceasefire with Hamas, sparking geopolitical concerns. This has contributed to gold reaching an all-time high at $3000 per oz first time ever, signaling a flight to safety among investors.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “The crypto market is at a turning point, with the possibility of Bitcoin reversal spurring hopes. If BTC maintains above a crucial resistance point, it could mark a turn from bearish to bullish, and there will be consolidation before the next rally. Declining open interest and rising supply pressure suggest short-term pressures may be easing, in the favor of the reversal. Dogecoin and other altcoins follows broader market trends, waiting for their next boom. XRP wait for a breakout above $3.00, further adding to market volatility.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is attempting to establish a higher low, aiming to break above the 200-day SMA at $84,112. A positive RSI divergence indicates weakening bearish momentum. If buyers push the price above the 20-day EMA at $85,808, the BTC/USDT pair could rally toward the 50-day SMA at $92,621. However, failure to surpass resistance may invite further selling pressure. A strong defense of support levels will be crucial for bulls to regain control. If Bitcoin maintains higher lows and breaks key resistance levels, it could signal renewed bullish momentum, increasing the chances of a sustained uptrend in the coming sessions.”
Shivam Thakral, CEO of BuyUcoin, said, “The market reacted positively to the news that the U.S. Securities and Exchange Commission (SEC) is considering rolling back its proposed custody rule for cryptocurrency assets, which was initially introduced under the previous administration. Acting SEC Chair Mark Uyeda's announcement at an industry conference highlighted significant concerns regarding the rule's broad scope and compliance challenges, signaling a potential shift towards a more favorable regulatory environment for crypto investment advisors.”
CoinDCX Research Team noted, “The crypto markets continue to trade within the gained levels as bulls defend the pivotal support, hinting toward their growing strength. Bitcoin trades above $83,000 while the latest altcoins are making huge noise. Pancakeswap leads the top gainers with over 25% gains, followed by BinaryX and Pepe with 13.13% and 8%, respectively. The community sentiments remain extremely bullish for XRP and Kaspa, while the traders have kept a close watch on Pi Network, Solana, Ethereum, Cardano, Shiba Inu, and OFFICIAL TRUMP.”
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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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