Cryptocurrency Price Today (March 28): Bitcoin Dips Below $87,000, Cronos Becomes Top Gainer
Cryptocurrency price on March 28 quick take: The global market cap dipped to $2.86 trillion.
Bitcoin (BTC), the world’s oldest and most valued crypto, dipped below the $87,000 mark early Friday as it continued on its downward trend. 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 33 (Fear) out of 100, as per CoinMarketCap data. The Cronos (CRO) token became the biggest gainer, with a 24-hour jump of nearly 10 percent. Immutable (IMX) became the biggest loser, with a 24-hour loss of nearly 9 percent.
The global crypto market cap stood at $2.86 trillion at the time of writing, registering a 24-hour loss of 0.14 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $86,194.85, registering a 24-hour dip of 1.47 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 74.60 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,927.45, marking a 24-hour loss of 1.59 percent at the time of writing. Ethereum price in India stood at Rs 1.74 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 6.98 percent, as per CoinMarketCap data, currently priced at $0.1888. Dogecoin price in India stood at Rs 15.04.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 3.29 percent. At the time of writing, it was trading at $90.84. LTC price in India stood at Rs 7,946.45.
Ripple (XRP) Price Today
XRP price stood at $2.27, seeing a 24-hour loss of 3.42 percent. Ripple price in India stood at Rs 210.78.
Solana (SOL) Price Today
Solana price stood at $138.83, marking a 24-hour dip of 4.35 percent. SOL price in India stood at Rs 11,392.82.
Top Crypto Gainers Today (March 28)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Cronos (CRO)
Price: $0.111
24-hour gain: 9.85 percent
Toncoin (TON)
Price: $4.01
24-hour gain: 6.98 percent
Pi (PI)
Price: $0.8511
24-hour gain: 4.86 percent
Four (FORM)
Price: $2.37
24-hour gain: 4.37 percent
Berachain (BERA)
Price: $8.35
24-hour gain: 3.74 percent
Top Crypto Losers Today (March 28)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Immutable (IMX)
Price: $0.6119
24-hour loss: 8.85 percent
Stacks (STX)
Price: $0.7073
24-hour loss: 7.66 percent
Story (IP)
Price: $5.48
24-hour loss: 5.95 percent
FLOKI (FLOKI)
Price: $0.00006877
24-hour loss: 5.73 percent
Sonic (S)
Price: $0.587
24-hour loss: 5.72 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Edul Patel, CEO and co-founder, Mudrex told ABP Live, “Bitcoin bounced back to $87,600 after briefly taking support at $85,900 as investors booked profits at higher levels. Meanwhile, Ethereum remains under pressure, with exchange withdrawals hitting a seven-month low, signaling potential selling intent. Investors should keep an eye on U.S. jobless claims and GDP data due later today, as they could further influence the market sentiment. That said, if strong buying pressure pushes Bitcoin toward $90,000, a breakout could trigger a series of liquidations, fueling a rally to new highs. BTC faces its next major resistance at $89,500.”
CoinSwitch Markets Desk noted, “The financial markets experienced notable movements influenced by geopolitical developments and investor sentiment. Bitcoin (BTC) traded at approximately $86,838, marking a 0.94% decline from the previous close. S&P 500 closed at 5,693.31, reflecting a 0.3% decrease from the previous day. The downturn in major U.S. stock indices was primarily attributed to President Donald Trump's announcement of a 25% tariff on imported automobiles, aiming to encourage domestic manufacturing. This policy shift led to significant declines in automotive stocks, with General Motors experiencing a notable drop.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “The crypto market is showing bullish indications as key technical trends and whale action predict potential price jumps. Dogecoin's cup-and-handle chart formation suggests a possible breakout to the upside, and Bitcoin whales putting an end to their selling spree indicates increasing accumulation. Additionally, Bitcoin's enormous $16.5 billion options expiry might push prices skyrocketing over $90K, fueled by investors optimism and confidence. Investors are eagerly anticipating Bitcoin to trade again above the psychological barrier of $100,000.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin’s struggle to surpass $90,000 is tied to tightening liquidity, with daily on-chain transfer volumes dropping 47% to $5.2 billion and active addresses falling 18% since November 2024. Futures market activity has also cooled, with open interest down 24% and funding rates softening. This deleveraging, coupled with only 2.5% of supply moving in profit, has limited buy-side strength. Glassnode data shows weak new demand and supply clustering around $100K-$108K, with macro uncertainty discouraging fresh investment.”
Shivam Thakral, CEO of BuyUcoin, said, “In the last 24 hours, Ethereum has made significant strides with the successful completion of the Pectra upgrade on the Hoodi testnet. This milestone marks a pivotal moment as developers prepare for the highly anticipated mainnet launch. As Ethereum continues to outperform many altcoins, there is growing sentiment that ETH remains undervalued despite recent price fluctuations. The upcoming Pectra upgrade promises to enhance scalability and reduce transaction costs, positioning Ethereum for broader adoption and improved efficiency in decentralized applications.”
CoinDCX Research Team noted, “As the markets are heading towards the end of the month, the volume and volatility have dropped, due to which the tokens remain consolidated within a narrow range. Bitcoin dropped below $87,000, while Ethereum also lost support at $2000. While the BTC ETFs continue to remain in green, ETH ETFs are constantly recording negative inflows, raising concerns for the Ethereum price rally in the short term. No major drop is seen in the market capitalization and volume, which keeps bullish hopes elevated.”
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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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