Cryptocurrency Price Today: Bitcoin Regains $28,000 Mark, Ripple Becomes Top Gainer
Cryptocurrency price on March 22 quick take: The global crypto market cap rose to $1.18 trillion.
Bitcoin (BTC), the world’s oldest and most valued crypto, managed to regain the $28,000 mark after a day of dip as traders await the outcome ot the US Federal Open Market Committee (FOMC) meeting, which might see a hike in interest rates by 25 basis points. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), and Litecoin (LTC) — managed to land in the greens. Ripple (XRP) emerged to be the top gainer, with a 24-hour jump of over 20 percent.
The global crypto market cap stood at $1.18 trillion at the time of writing, registering a 24-hour gain of 2.20 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $28,208.91, registering a 24-hour gain of 1.20 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 24.74 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,801.56, marking a 24-hour jump of 2.84 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.57 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 5.73 percent, as per CoinMarketCap data, currently priced at $0.07634. As per WazirX, Dogecoin price in India stood at Rs 6.61.
Litecoin (LTC) price today
Litecoin saw a 24-hour jump of 3.56 percent. At the time of writing, it was trading at $81.85. LTC price in India stood at Rs 7,155.
Ripple (XRP) price today
XRP price stood at $0.462, seeing a 24-hour gain of 20.50 percent. As per WazirX, Ripple price stood at Rs 39.75.
Solana (SOL) price today
Solana price stood at $22.36, marking a 24-hour dip of 0.69 percent. As per WazirX, SOL price in India stood at Rs 2,020.70.
Top crypto gainers today (March 22)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Ripple (XRP)
Price: $0.462
24-hour gain: 20.50 percent
Cardano (ADA)
Price: $0.3725
24-hour gain: 9.81 percent
Stellar (XLM)
Price: $0.09561
24-hour gain: 8.66 percent
Ssv.network (SSV)
Price: $38.55
24-hour gain: 6.97 percent
Dogecoin (DOGE)
Price: $0.07638
24-hour gain: 5.98 percent
Top crypto losers today (March 22)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Stacks (STX)
Price: $1.10
24-hour gain: 8.47 percent
Mask Network (MASK)
Price: $5.16
24-hour gain: 6.57 percent
XDC Network (XDC)
Price: $0.03993
24-hour gain: 6.47 percent
Flow (FLOW)
Price: $1.06
24-hour gain: 5.66 percent
Synthetix (SNX)
Price: $2.81
24-hour gain: 5.25 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 to $28,000 as investors and traders awaited the outcome of the US FOMC monetary policy meeting. Interest rates might be raised gradually at a pace of 25 basis points. This announcement follows the recent banking crisis, during which the US declared its intention to explore measures to ensure client deposits' safety. The Fed's decision is likely to lead to increased market volatility.”
WazirX Vice President Rajagopal Menon said, “Crypto markets remain stable as traders await the next release from the FOMC. Looking at the top Cryptos in the past 24 hours, the market has remained positive. Bitcoin was up 0.1 percent, Ether was up 1.5 percent, and Dogecoin was up 4 percent in the last 24 hours. Trading volume is flat across the market, and stocks are also steady ahead of the Fed's policy decision.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin is currently consolidating around $27,500 after breaking the $27,750 resistance level. If the upward momentum continues, Bitcoin could potentially reach $29,250 or $30,700. Ethereum (ETH) is trading at $1,807, while Cardano (ADA) is at $0.37. Despite the possibility of breaking the support levels, the formation of bullish engulfing candles indicates a bullish trend for Bitcoin, ETH and ADA.”
Kunji founder Anurag Dixit offered his take, “After experiencing several days of sustained upward momentum, the Bitcoin dominance index recently underwent a significant pullback. This pullback subsequently led to a brief rally in alternative cryptocurrencies. However, this rally was short-lived, and altcoins quickly retraced a bit."
Shivam Thakral, the CEO of BuyUCoin, said, “Bitcoin is trading above $28,000 ahead of the crucial Fed meeting amidst the ongoing banking crisis in the US. If the Fed decides to hike the interest rate, there may not be a knee-jerk reaction from the markets, as investors are anticipating a rate hike of 25 basis points. ETH is approaching the $1,800 mark and is currently exchanging hands at the $1,799 level. In case of no rate hike by the Fed, we can expect the upward trend to continue in the coming weeks.”
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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