Cryptocurrency Price Today: Bitcoin Resumes Rally, Rises Above $70,000

Cryptocurrency price on March 26 quick take: The global market cap rose to $2.55 trillion.

Bitcoin price stood at $67,288.82 on Tuesday.

Source : Getty

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $70,000 mark on Tuesday, showing signs of a confident rally as a result of increasing buying pressure. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens as the overall market fear and greed index stood at 83 (out of 100), or ‘Extreme Greed’. The ICP token became the biggest gainer of the lot, with a 24-hour jump of over 15 percent. Helium (HNT) became the biggest loser of the lot, with a 24-hour dip of over 2 percent. 

The global crypto market cap stood at $2.67 trillion at the time of writing, registering a 24-hour gain of 4.24 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $67,288.82, registering a 24-hour gain of 4.90 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 58.93 lakh.

Ethereum (ETH) Price Today

ETH price stood at $3,462.07, marking a 24-hour jump of 10.45 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.02 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour jump of 1.39 percent, as per CoinMarketCap data, currently priced at $0.173. As per WazirX, Dogecoin price in India stood at Rs 15.18.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour gain of 2.81 percent. At the time of writing, it was trading at $89.70. LTC price in India stood at Rs 7,800.02.

Ripple (XRP) Price Today

XRP price stood at $0.6313, seeing a 24-hour jump of 2.47 percent. As per WazirX, Ripple price stood at Rs 55.20.

Solana (SOL) Price Today

Solana price stood at $184.51, marking a 24-hour gain of 7.26 percent. As per WazirX, SOL price in India stood at Rs 16,198.72. 

Top Crypto Gainers Today (March 26)

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

Internet Computer (ICP)

Price: $19.50
24-hour gain: 15.37 percent

Arweave (AR)

Price: $42.69
24-hour gain: 13.97 percent

IOTA (IOTA)

Price: $0.3635
24-hour gain: 10.83 percent

Fetch.ai (FET)

Price: $2.81
24-hour gain: 10.37 percent

NEAR Protocol (NEAR)

Price: $7.83
24-hour gain: 9.36 percent

Top Crypto Losers Today (March 26)

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

Helium (HNT)

Price: $6.65
24-hour loss: 2.18 percent

dogwifhat (WIF)

Price: $2.72
24-hour loss: 2.07 percent

AIOZ Network (AIOZ)

Price: $1.01
24-hour loss: 2.02 percent

Ondo (ONDO)

Price: $0.9189
24-hour loss: 1.76 percent

eCash (XEC)

Price: $0.00006765
24-hour loss: 1.36 per cent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin experienced strong buying pressure over the last day, briefly surpassing $71,000 before settling just above $70,200. Throughout March, Bitcoin has shown a pattern of reaching new highs followed by healthy corrections, although the reason for the recent rally is uncertain. The next resistance level for Bitcoin is at $73,882, with the previous support level far behind at $65,234. Ethereum, along with most other cryptocurrencies, followed Bitcoin's lead and exceeded $3,600. The overall sentiment in the crypto market has shifted back to extreme greed.”

CoinSwitch Markets Desk noted, “After days of downside market movement, BTC changed after a few days of downside and have turned bullish again with its price already crossing the $70k mark. With inflation levels reaching towards peak levels, retail users using Bitcoin as a way towards monetary debasement has been the number one reason why more and more people have started to invest in Bitcoin. Another major win for crypto came in the form of the London Stock Exchange approving the trading of a Bitcoin and Ethereum exchange-traded note (ETN) which will be open to trading from 8th April subject to the approval of their financial authorities.”

Shivam Thakral, CEO of BuyUcoin, said, “After a week of consolidating, Bitcoin broke $71,000 Monday and is now hovering around $70,000 which is acting as a temporary support. The next target for Bitcoin would be the $80,000 level breakout which would confirm the foundation for $100,000. Ethereum and altcoins also followed suit, particularly cryptos related to Real World Assets after the announcement of a $100M tokenisation fund by BlackRock.” 

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Arkham Intelligence predicts that Grayscale's GBTC product will deplete its Bitcoin holdings in 96 days due to ongoing buybacks. Since trading as an ETF since January 11th, Grayscale has redeemed 266.47K BTC, which translates to 25.9K BTC per week. Starting the year with 618.28K BTC, he now only holds 356.44K BTC. GBTC has seen 36 consecutive days of outflows totalling $9.26 billion since the ETF conversion. Higher fees compared to the competition contribute to churn. Grayscale aims to mitigate losses with 'mini' BTC ETF. Bloomberg's Eric Balchuna suggests that the worst may not be over for GBTC despite recent trends."

CoinDCX Research Team told ABP Live, “In the last 24 hours, the crypto market showed resilience, with a notable uptick of almost 5%. Most coins, especially those in the RWA sector, demonstrated strength, outpacing the overall market. Technically, BTC appears to be resuming its uptrend after a brief pullback. It's holding above $70,000 and aiming to surpass its recent all-time high around $73,880, which could trigger a significant upward movement. BTC dominance has been declining, providing an opportunity for altcoins to excel. ETH also continued its upward trend, but it still needs to overcome several resistance levels to reach a new all-time high, with the main hurdle at $4,065.”

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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.