Cryptocurrency Price Today: Ethereum Rises Above $1,800 As Top Coins Land In Green
Cryptocurrency price on March 24 quick take: The global market cap rose to $1.18 trillion.
Ethereum (ETH), the most popular cryptocurrency after Bitcoin (BTC), managed to regain the $1,800 mark as BTC managed to hold on to the $28,000 mark early Friday morning. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — managed to land in the greens across the board. The Mask Network (MASK) token emerged to be the biggest gainer of the lot, with a 24-hour gain of over 21 percent. Arbitrum (ARB), on the other hand, became the top loser, with a 24-hour loss of over 88 percent.
The global crypto market cap stood at $1.18 trillion at the time of writing, registering a 24-hour gain of 3.06 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $28,270.13, registering a 24-hour gain of 3.11 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 24.41 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,814.92, marking a 24-hour jump of 4.29 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.58 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 3.94 percent, as per CoinMarketCap data, currently priced at $0.07686. As per WazirX, Dogecoin price in India stood at Rs 6.60.
Litecoin (LTC) price today
Litecoin saw a 24-hour jump of 7.12 percent. At the time of writing, it was trading at $93.58. LTC price in India stood at Rs 7,971.83.
Ripple (XRP) price today
XRP price stood at $0.434, seeing a 24-hour jump of 3.29 percent. As per WazirX, Ripple price stood at Rs 38.20.
Solana (SOL) price today
Solana price stood at $22.15, marking a 24-hour gain of 3.84 percent. As per WazirX, SOL price in India stood at Rs 2,001.
Top crypto gainers today (March 24)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Mask Network (MASK)
Price: $6.32
24-hour gain: 21.29 percent
Mina (MINA)
Price: $0.9149
24-hour gain: 12.92 percent
Dash (DASH)
Price: $63.78
24-hour gain: 10.56 percent
Loopring (LRC)
Price: $0.3671
24-hour gain: 9.94 percent
Zcash (ZEC)
Price: $37.48
24-hour gain: 8.12 percent
Top crypto losers today (March 24)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Arbitrum (ARB)
Price: $1.40
24-hour loss: 88.17 percent
Toncoin (TON)
Price: $2.04
24-hour loss: 13.20 percent
Conflux (CFX)
Price: $0.3656
24-hour loss: 4.46 percent
Huobi Token (HT)
Price: $3.48
24-hour loss: 3.85 percent
GMX (GMX)
Price: $75.12
24-hour loss: 2.91 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin experienced a swift recovery after dropping to $27,000 on Wednesday, as investors rallied and pushed its value back up to over $28,000. This level was reached earlier in the week when hopes were high for a reduction in central bank hawkishness. In the past 24 hours, BTC has gained approximately 3 percent, resulting in an overall increase of around 22 percent this month and over 65 percent since the start of the year.”
WazirX Vice President Rajagopal Menon said, “The Crypto market sees a green uptick as Bitcoin rebounds above $28,000 with a 3.8 percent gain in the past 24 hours, despite a recent US Fed interest rate hike and regulatory concerns. This upward momentum has driven BTC to a 22 percent gain this month and a more than 65 percent increase since the start of the year. Bitcoin's ability to withstand regulatory pressure and banking turmoil is a testament to its resilience and strength in the crypto market.”
Kunji founder Anurag Dixit offered his take, “Coinbase received a Wells notice from the SEC, causing a sharp drop in its share price which is now stabilized at a dip of 13 percent in a day. Despite the exchange's compliance efforts and engagement with regulators, the SEC's action may be seen as harsh, raising concerns about the impact on innovation in the crypto industry. This highlights the need for clear regulatory frameworks and communication between regulators and industry players to avoid such unexpected actions."
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin technical analysis shows an uptrend with resistance at $28,950 and support levels around $26,600 and $25,200 in a downtrend. ETH is trading around $1813, BNB is trading around $327.”
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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