Cryptocurrency Price Today: Bitcoin Dips Below $70,000, Mantle Becomes Top Gainer
Cryptocurrency price on March 28 quick take: The global market cap dipped to $2.60 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $70,000 mark early Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw a mix of minor gains and dips across the board. The Mantle (MNT) token became the biggest gainer of the lot, with a 24-hour jump of over 26 percent. Lido DAO (LDO) became the biggest loser of the lot, with a 24-hour dip of over 11 percent.
The global crypto market cap stood at $2.60 trillion at the time of writing, registering a 24-hour dip of 2.52 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $69,704.75, registering a 24-hour dip of 0.61 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 60.31 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,512.24, marking a 24-hour loss of 2.10 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.04 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 7.11 percent, as per CoinMarketCap data, currently priced at $0.1975. As per WazirX, Dogecoin price in India stood at Rs 16.88.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 1.05 percent. At the time of writing, it was trading at $95.54. LTC price in India stood at Rs 8,181.52.
Ripple (XRP) Price Today
XRP price stood at $0.6114, seeing a 24-hour loss of 2.83 percent. As per WazirX, Ripple price stood at Rs 52.99.
Solana (SOL) Price Today
Solana price stood at $182.01, marking a 24-hour dip of 4.83 percent. As per WazirX, SOL price in India stood at Rs 15,920.
Top Crypto Gainers Today (March 28)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Mantle (MNT)
Price: $1.19
24-hour gain: 26.89 percent
Bitcoin Cash (BCH)
Price: $534.70
24-hour gain: 8.75 percent
Dogecoin (DOGE)
Price: $0.1962
24-hour gain: 6.25 percent
Arweave (AR)
Price: $43.86
24-hour gain: 6.09 percent
SingularityNET (AGIX)
Price: $1.26
24-hour gain: 5.09 percent
Top Crypto Losers Today (March 28)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Lido DAO (LDO)
Price: $2.91
24-hour loss: 11.53 percent
FLOKI (FLOKI)
Price: $0.0002196
24-hour loss: 9.13 percent
Bittensor (TAO)
Price: $528.82
24-hour loss: 9.06 percent
Flow (FLOW)
Price: $1.36
24-hour loss: 8.91 percent
Flare (FLR)
Price: $0.03386
24-hour loss: 8.87 per cent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin momentarily went past $71,200 in the last 24 hours before settling back down $69,200 as the markets saw minor selling pressure. Larry Fink, CEO of BlackRock, is reported to be very bullish on BTC as its ETF went past $17 billion in inflows. Bitcoin's next resistance level lies at $70,814, while the previous support level is at $67,744. Ethereum, meanwhile, saw a bit of selling pressure as well as it fell 3.70% in the last 24 hours to settle around $3,400. Overall, the market sentiment remains extremely greedy.”
CoinSwitch Markets Desk noted, “In a mixed day for bulls and bears alike, BTC first broke the $71k mark before breaking below $69k causing over $175 mn of long liquidations as well as over $80 mn of short liquidations. The short selling began as a federal judge in New York ruled that SEC could proceed with its lawsuit against Coinbase for the unregistered sale and offer of securities. In other news, Fidelity Investments became the eighth institution to apply for a spot in Ethereum ETF late in the evening with the likes of BlackRock, Ark Invest etc already in line for the same. ETH prices however continued to slip during the day. ”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin and Ethereum trade sideways amidst minor price corrections. With KuCoin facing over $1 billion in outflows following criminal conspiracy charges, the market witnesses a minor cooldown. HODLers still hold on to their tokens amidst selling pressure as both BTC and ETH face resistance at $70k and $3.5k. While Bitcoin’s indicators point to a bullish sentiment which could potentially break the $70k resistance, Ethereum’s indicators suggest scope of price correction despite a bullish momentum.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin price remains steady around $70,355, indicating a 0.45% gain and highlighting its resilience and growth potential. The launch of Hashdex's Spot Bitcoin ETF provides US traders with a new investment avenue, despite a higher management fee. In addition, the anticipation surrounding the Bitcoin halving event underscores its scarcity and demand dynamics, which may lead to a sharp increase in prices. Strategic moves by companies like Bitdeer to expand Bitcoin mining infrastructure further bolster confidence in its long-term value. Robert Kiyosaki's endorsement of Bitcoin as a major investment highlights its growing appeal amid criticism of fiat currencies. Overall, these developments and price predictions suggest a bullish trajectory for Bitcoin, supported by strong buy zones and resistance levels.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin lost the $70,000 level as the crypto market experienced a slight dump across the board. A weekly close above $70,000 could confirm the breakout and push the cryptocurrency to new highs. Meanwhile, the Bitcoin ETFs experienced net inflows totalling $243.5 million.”
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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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