Cryptocurrency Price Today: Bitcoin Rises Above $27,000, NEO Becomes Top Gainer

Cryptocurrency price on March 20 quick take: The global crypto market cap rose to $1.15 trillion.

Bitcoin price stood at $27,446.87 on Monday morning.

Source : Getty

Bitcoin (BTC), the world’s oldest and most valued crypto, managed to climb above the $27,000 mark early Monday morning. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — managed to see a mix of minor gains and losses across the board. The NEO token emerged to be the biggest gainer of the lot, with a 24-hour gain of over 5 percent. MASK, on the other hand, became the top loser, with a 24-hour dip of nearly 12 percent. 

The global crypto market cap stood at $1.15 trillion at the time of writing, registering a 24-hour dip of 0.74 percent.

Bitcoin (BTC) price today

Bitcoin price stood at $27,446.87, registering a 24-hour gain of 0.56 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 23.50 lakhs.

Ethereum (ETH) price today

ETH price stood at $1,756.14, marking a 24-hour loss of 1.69 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.51 lakhs.

Dogecoin (DOGE) price today

DOGE registered a 24-hour dip of 1.65 percent, as per CoinMarketCap data, currently priced at $0.07371. As per WazirX, Dogecoin price in India stood at Rs 6.41.

Litecoin (LTC) price today

Litecoin saw a 24-hour dip of 2.84 percent. At the time of writing, it was trading at $81.77. LTC price in India stood at Rs 7,335.30.

Ripple (XRP) price today

XRP price stood at $0.3821, seeing a 24-hour gain of 0.85 percent. As per WazirX, Ripple price stood at Rs 32.52.

Solana (SOL) price today

Solana price stood at $21.99, marking a 24-hour dip of 0.92 percent. As per WazirX, SOL price in India stood at Rs 1,989.52. 

Top crypto gainers today (March 20)

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

Neo (NEO)

Price: $12.80
24-hour gain: 5.31 percent

Conflux (CFX)

Price: $0.4238
24-hour gain: 4.57 percent

Synthetix (SNX)

Price: $3.03
24-hour gain: 3.68 percent

VeChain (VET)

Price: $0.02409
24-hour gain: 2.98 percent

Cronos (CRO)

Price: $0.07341
24-hour gain: 2.57 percent

Top crypto losers today (March 20)

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

Mask Network (MASK)

Price: $5.60
24-hour loss: 11.61 percent

Axie Infinity (AXS)

Price: $8.89
24-hour loss: 8.73 percent

Stacks (STX)

Price: $1.09
24-hour loss: 8.67 percent

SingularityNET (AGIX)

Price: $0.4834
24-hour loss: 8.35 percent

MAGIC (MAGIC)

Price: $1.73
24-hour loss: 7.64 percent

What crypto exchanges are saying about the current market scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “During the weekend, Bitcoin hovered above the $28,000 mark but has since slightly decreased and is now trading above $27,000. The global cryptocurrency market valuation has increased by 1.18 percent in the past day and currently stands at $1.17 trillion. The last time BTC traded above the $28,000 range was in June 2022. BTC has gained 23 percent over the past week yet still sits 59 percent below its all-time high. Despite this, BTC has risen 101 percent from its lowest cycle in January.”

WazirX Vice President Rajagopal Menon said, “Despite concerns over crypto-friendly banks, there is a renewed interest in Bitcoin as a risk asset due to a crisis of confidence in the traditional financial (TradFi) system. The decline in traditional finance liquidity further drives investors to Bitcoin.”

Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin is trading at $27,200, down 0.64 percent in the last 24 hours. The BTC/USD pair is bullish and faces resistance at $27,740; a breakout could push the price of BTC to $29,000 or $30,700. Ethereum rose 24.75 percent to $1,794 on strong buying interest.”

Kunji founder Anurag Dixit offered his take, “The recent acquisition of Credit Suisse by UBS Group for nearly $2 billion highlights the ongoing struggle of large financial institutions to maintain stability. This underscores the fragility of such behemoth banks and highlights the strength of the broader crypto ecosystem as a potential alternative. The surge in Bitcoin's price, which crossed the $28,000 mark, is a significant development that occurred over the weekend, and represents a noteworthy trend in the ongoing evolution of the cryptocurrency market."

Shivam Thakral, the CEO of BuyUCoin, said, “The world’s largest digital asset Bitcoin is again gaining momentum with a jump of 22 percent in just 7 days. BTC broke above $28,000 briefly on Monday as the collapse of US banks like SVB and signature has rekindled the debate on the importance of DeFi and digital assets.  Bitcoin is poised to test $30,000 very soon but may face some resistance at that level. The FOMC meeting this week will be a major market-moving factor.” 

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.