Cryptocurrency Price Today: Bitcoin Rises Above $25,000, Conflux Becomes Top Gainer
Cryptocurrency price on March 17 quick take: The global crypto market cap rose to $1.11 trillion.
Bitcoin (BTC), the world’s oldest and most valued crypto, managed to climb above the $25,000 mark early Friday morning. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — managed to land in the greens across the board. The Conflux (CFX) token emerged to be the biggest gainer of the lot, with a 24-hour gain of over 12 percent. KAVA, on the other hand, became the top loser, with a 24-hour dip of nearly 10 percent.
The global crypto market cap stood at $1.11 trillion at the time of writing, registering a 24-hour gain of 4.24 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $25,773.81, registering a 24-hour gain of 5.90 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 22 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,706.98, marking a 24-hour gain of 3.49 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.47 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour jump of 4.41 percent, as per CoinMarketCap data, currently priced at $0.07323. As per WazirX, Dogecoin price in India stood at Rs 6.39.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 4.03 percent. At the time of writing, it was trading at $80.92. LTC price in India stood at Rs 6,916.58.
Ripple (XRP) price today
XRP price stood at $0.3685, seeing a 24-hour gain of 1.37 percent. As per WazirX, Ripple price stood at Rs 31.75.
Solana (SOL) price today
Solana price stood at $19.95, marking a 24-hour gain of 3.25 percent. As per WazirX, SOL price in India stood at Rs 1,940.
Top crypto gainers today (March 17)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Conflux (CFX)
Price: $0.3143
24-hour gain: 12.62 percent
Stacks (STX)
Price: $0.9872
24-hour gain: 10.14 percent
Rocket Pool (RPL)
Price: $42.45
24-hour gain: 9.28 percent
Neo (NEO)
Price: $11.45
24-hour gain: 9.20 percent
ssv.network (SSV)
Price: $39.98
24-hour gain: 9.00 percent
Top crypto losers today (March 17)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Kava (KAVA)
Price: $0.9922
24-hour loss: 9.50 percent
Maker (MKR)
Price: $721.80
24-hour loss: 3.26 percent
Convex Finance (CVX)
Price: $5.33
24-hour loss: 3.17 percent
Klaytn (KLAY)
Price: $0.237
24-hour loss: 0.58 percent
Pax Dollar (USDP)
Price: $0.9955
24-hour loss: 0.44 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin's went up by more than 5 percent over the past 24 hours, and is trading above $25,600. The flagship cryptocurrency is up by an impressive 50 percent this year. The total crypto market cap went above the $1 Trillion mark, making investors pretty happy. However, with the total trading volumes remaining low, it could possibly be a bull trap fuelled by positive sentiments. Interestingly, Bitcoin dominance is way above 44 percent, indicating the pull with which it dragged the rest of the market higher.”
WazirX Vice President Rajagopal Menon said, “Prices of key tokens rise amidst liquidity concerns in the market. The sentiment among consumers is high towards Crypto assets following the collapse of SVB and Silvergate bank. Amidst major bank stocks collapsing, Crypto app downloads increased by 15 percent, according to Apptopia. The objective to introduce crypto to fill the shortcomings of the traditional financial system is finally being taken notice of.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin recently breached its resistance level for the second time in just a week and is trading around $25,800. If it continues to break above $26,200, the next support level could potentially be found at $31,000. Conversely, if Bitcoin were to decline and touch $22,500, this could result in a subsequent decline to around $19,000, creating an opportunity for holders and bullish investors to potentially re-enter the market below $20,000.”
Kunji founder Anurag Dixit offered his take, “Bitcoin remains unfazed above the $24,500 mark, as the Swiss National Bank comes to the rescue of troubled investment bank Credit Suisse with a massive $50 billion loan. The move has seemingly averted the dire condition of banking crisis in Europe for time being."
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market cap saw a significant jump of over 4 percent and is currently at $1.11 trillion with crypto heavyweights like BTC and ETH leading the effort. Bitcoin is back above the $25,000 mark while Ethereum is exchanging hands at the $1,700 level. To provide a cushion to the banks, the US may go for interest rate cuts in the second half of the year which is an investor-friendly move. The interest rate cut may spark the inflow of funds into riskier assets and encourage investors to create fresh long-term positions.”
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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