Cryptocurrency Price Today: Bitcoin Resumes Rally, Rises Above $66,000
Cryptocurrency price on March 21 quick take: The global market cap rose to $2.54 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, appears to have resumed its rally after a few days of slump. Early Thursday, BTC dwelled within the $66,000 range and appeared to grow steadily, as per CoinMarketCap data. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw notable gains as well. The ONDO token became the biggest gainer of the lot, with a 24-hour jump of over 38 percent.
The global crypto market cap stood at $2.54 trillion at the time of writing, registering a 24-hour dip of 7.33 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $66,740.81, registering a 24-hour gain of 7.38 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 59.76 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,505.83, marking a 24-hour jump of 10.45 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.13 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 16.77 percent, as per CoinMarketCap data, currently priced at $0.1504. As per WazirX, Dogecoin price in India stood at Rs 13.45.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 7.30 percent. At the time of writing, it was trading at $85.31. LTC price in India stood at Rs 7,700.
Ripple (XRP) Price Today
XRP price stood at $0.6078, seeing a 24-hour gain of 3.85 percent. As per WazirX, Ripple price stood at Rs 54.01.
Solana (SOL) Price Today
Solana price stood at $190.50, marking a 24-hour jump of 11.38 percent. As per WazirX, SOL price in India stood at Rs 17,099.99.
Top Crypto Gainers Today (March 21)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Ondo (ONDO)
Price: $0.7262
24-hour gain: 38.41 percent
Floki (FLOKI)
Price: $0.0002512
24-hour gain: 36.99 percent
Axelar (AXL)
Price: $2.11
24-hour gain: 28.63 percent
Stacks (STX)
Price: $3.37
24-hour gain: 22.08 percent
Theta Network (THETA)
Price: $3.04
24-hour gain: 20.01 percent
Top Crypto Losers Today (March 21)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Jupiter (JUP)
Price: $1.10
24-hour loss: 15.21 percent
Avalanche (AVAX)
Price: $50.87
24-hour loss: 14.93 percent
Theta Network (THETA)
Price: $2.46
24-hour loss: 12.64 percent
Solana (SOL)
Price: $167.04
24-hour loss: 10.71 percent
NEAR Protocol
Price: $6.17
24-hour loss: 9.68 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin bounced back to $67,000 level as the US Federal Reserve Chair Jerome Powell hit a dovish tone and the central bank kept the key rates unchanged for the 5th straight meeting. The global crypto market cap also saw an 8% increase over the past day. The next resistance now lies at the $69,400 and then $73,000 levels. On the other hand, if Bitcoin falls back the support lies at the $65,000 level. Most cryptocurrencies along with traditional markets climbed higher.”
CoinSwitch Markets Desk noted, “In a complete U side recovery, BTC (+7.4%) recovered all of its losses from its highest losing day in 17 months and more by gaining close to 10% in a single day. While the fear and greed index had now gone to 78, highlighting that this market correction was healthy and necessary. Altcoins on the other hand had similar behaviour and gave great losses to traders before rising up again.”
Rajagopal Menon, Vice President, WazirX, said, “Crypto markets surged as Bitcoin (BTC) set its sights on $67,000, propelled by a dovish tone from U.S. Federal Reserve Chair Jerome Powell. BTC reached a daily high of $67,781, marking a more than 10% recovery. Ether (ETH) also bounced back from a 6% dip, sparked by concerns over a confidential inquiry into the Ethereum Foundation and SEC considerations. Despite a recent correction, market sentiment improved after the Fed's decision to maintain rate cut plans, easing fears of inflation impact.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “After the latest Fed policy announcement, Bitcoin surged to hit the midpoint of $67,000, up roughly 9%. The Fed's decision to keep interest rates on hold and forecast three rate cuts in 2024 boosted market sentiment, sending the US dollar lower and the S&P 500 higher. Bitcoin's rebound signals continued bullish sentiment with the potential to retest record highs. Wednesday's close is key, aiming to break the recent downtrend channel. Despite the recent pressure to take profits, Bitcoin's move back is within the typical range seen in bull markets. With the expectation of shallower corrections and the potential for a retest of the highs, Bitcoin remains on track to reach $100,000 this year or next.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin made a significant recovery of more than 10% topping $67000. This price recovery has prompted modest gains across altcoins. Ethereum has surged by 6% amid reports of the US SEC setting up an inquiry into the Ethereum foundation, classifying ETH as a security. High volatility could be expected in the crypto market until the 4th Bitcoin halving next month.”
CoinDCX Research Team told ABP Live, “In the last 24 hours, the crypto market experienced significant volatility. ETH initially dropped due to news about an investigation into the ETH foundation, causing some FUD. However, after the announcement of unchanged Fed interest rates, the entire crypto market bounced back, with altcoins outperforming BTC. Technically, ETH/BTC found support at a crucial level, suggesting a potential uptrend for alts and ETH outperforming BTC. ETH closed the day with strong volume, indicating a possible continuation of the uptrend. Currently, it needs to reclaim the 20 EMA Daily for further confirmation.”
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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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