Cryptocurrency Price Today: Ethereum Crosses $1,700 As Top Coins Continue Bull Run
Cryptocurrency price on March 15 quick take: The global crypto market cap rose to $1.10 trillion mark.
Crypto coins continued their bull run as the global market cap continued burgeon early Wednesday morning. Ethereum (ETH), arguably the most popular crypto after Bitcoin (BTC), managed to rise above $1,700 for the first time in March. Other popular altcoins — including the likes of Dogecoin (DOGE), Solana (SOL), Litecoin (LTC), and Ripple (XRP) — managed to land in the greens across the board. The SingularityNET (AGIX) token emerged to be the biggest gainer of the lot, with a 24-hour jump of nearly 35 percent.
The global crypto market cap stood at $1.10 trillion at the time of writing, registering a 24-hour gain of 1.52 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $24,842.06, registering a 24-hour gain of 1.47 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 21 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,710.23, marking a 24-hour gain of 1.53 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.46 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 3.47 percent, as per CoinMarketCap data, currently priced at $0.07553. As per WazirX, Dogecoin price in India stood at Rs 6.38.
Litecoin (LTC) price today
Litecoin saw a 24-hour jump of 3.85 percent. At the time of writing, it was trading at $84.75. LTC price in India stood at Rs 7,108.11.
Ripple (XRP) price today
XRP price stood at $0.3759, seeing a 24-hour gain of 0.85 percent. As per WazirX, Ripple price stood at Rs 31.70.
Solana (SOL) price today
Solana price stood at $21.15, marking a 24-hour gain of 3.01 percent. As per WazirX, SOL price in India stood at Rs 1,940.
Top crypto gainers today (March 15)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
SingularityNET (AGIX)
Price: $0.5281
24-hour gain: 34.66 percent
Stacks (STX)
Price: $1.05
24-hour gain: 28.94 percent
Conflux (CFX)
Price: $0.3392
24-hour gain: 28.52 percent
ImmutableX (IMX)
Price: $1.24
24-hour gain: 27.01 percent
Threshold (T)
Price: $0.04519
24-hour gain: 18.28 percent
Top crypto losers today (March 15)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Maker (MKR)
Price: $868.59
24-hour loss: 3.27 percent
Rocket Pool (RPL)
Price: $42.47
24-hour loss: 1.57 percent
Gemini Dollar (GUSD)
Price: $0.9912
24-hour loss: 1.12 percent
Monero (XMR)
Price: $151.68
24-hour loss: 0.69 percent
PAX Gold (PAXG)
Price: $1,916.29
24-hour loss: 0.65 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “On Tuesday, Bitcoin surged beyond the $26,000 mark, its highest value in nine months. This surge was supported by the release of mildly encouraging inflation data and the ongoing recovery of the banking sector from a near-catastrophic event. While Bitcoin did lose some of its gains later on, it remains 81 percent higher than its lowest point. Ethereum also experienced a positive trend by breaking through a critical resistance level of $1,700. Collectively, these optimistic market movements indicate an active bullish sentiment.”
WazirX Vice President Rajagopal Menon said, “Prices of key tokens continued to rise on Tuesday, following a similar pattern of a previous couple of days. Next week will be decisive for the Crypto community with the Fed’s rate hike announcement. We will continue to see a modest surge in prices aligned with past records. It will be a while before new ATH levels are reached. Experts have also predicted that only stringent regulations of the Crypto ecosystem and thoroughly compliant companies will stand a chance to partner with large financial institutions, as smaller players come under the scanner following SVB and Silvergate collapse.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin and Ethereum are currently trading at $24,900 and $1,700, respectively. However, at the time the CPI data was released, Bitcoin saw a sudden increase of $2,000 from $24,000 to $26,000, revealing inflation at 6 percent. While this rise in cryptocurrency prices may have been triggered by news of inflation, it does not appear to be sustainable.”
Kunji founder Anurag Dixit offered his take, “Yesterday's US Consumer Price Index (CPI) report met expectations, with overall inflation remaining in line with forecasts. However, the core CPI, which excludes volatile food and energy prices, came in slightly higher than anticipated. Despite this, Bitcoin (BTC) saw a rise in value to around $26,500, which can be attributed to earlier predictions of an even more hawkish CPI report. Nevertheless, BTC has since consolidated and is currently hovering just below the $25,000 level."
Shivam Thakral, the CEO of BuyUCoin, said, “Bitcoin, the world’s largest crypto asset surged by over 10 percent in just 7 days making it a highly productive month for BTC. The UK government bailing out the Silicon Valley Bank has created a positive sentiment within the investment community and which may have increased buying activity. As per the latest data, US consumer inflation has slowed down but its still on the higher side which may drive Fed to continue its hawkish stance. If the macroeconomic factors continue to remain favourable then we may see Bitcoin testing $30,000 level very soon.”
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.
Top Headline
Trending News
and tablets
