Bitcoin (BTC), the oldest and most valued crypto coin in the world, slid below the $27,000 mark early Tuesday morning. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and Solana (SOL) — registered minor losses across the board. The Flare (FLR) token emerged to be the biggest gainer of the lot, with a 24-hour gain of over 5 percent. Arbitrum (AR), on the other hand, became the biggest loser, with a 24-hour dip of over 12 percent.
The global crypto market cap stood at $1.13 trillion at the time of writing, registering a minor 24-hour loss of 3 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $26,975.05, registering a 24-hour loss of 3.38 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 23.75 lakh.
Ethereum (ETH) price today
ETH price stood at $1,711.96, marking a 24-hour loss of 3.08 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.50 lakh.
Dogecoin (DOGE) price today
DOGE registered a 24-hour dip of 2.12 percent, as per CoinMarketCap data, currently priced at $0.07231. As per WazirX, Dogecoin price in India stood at Rs 6.30.
Litecoin (LTC) price today
Litecoin saw a 24-hour loss of 6.208 percent. At the time of writing, it was trading at $86.88. LTC price in India stood at Rs 7,519.26.
Ripple (XRP) price today
XRP price stood at $0.4746, seeing a 24-hour jump of 4.43 percent. As per WazirX, Ripple price stood at Rs 41.12.
Solana (SOL) price today
Solana price stood at $19.71, marking a 24-hour dip of 4.85 percent. As per WazirX, SOL price in India stood at Rs 1,905.
Top crypto gainers today (March 28)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Flare (FLR)
Price: $0.0369
24-hour gain: 5.30 percent
GMX (GMX)
Price: $71.82
24-hour gain: 5.02 percent
Ripple (XRP)
Price: $0.473
24-hour gain: 4.22 percent
Maker (MKR)
Price: $670.68
24-hour gain: 0.55 percent
USD Coin (USDC)
Price: $0.9995
24-hour gain: 0.02 percent
Top crypto losers today (March 28)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Arbitrum (ARB)
Price: $1.13
24-hour loss: 12.40 percent
Stacks (STX)
Price: $0.8726
24-hour loss: 9.93 percent
Mina (MINA)
Price: $0.7163
24-hour loss: 9.83 percent
Conflux (CFX)
Price: $0.3107
24-hour loss: 9.03 percent
Optimism (OP)
Price: $2.04
24-hour loss: 8.74 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin's value dropped below $27,000 in the last 24 hours due to a lawsuit filed by the US Commodity Futures Trading Commission (CFTC) against Binance and its founder Changpeng Zhao. Despite this setback, BTC has managed to regain the $27,000 level, but it has still lost 3 percent of its value over the past day and its weekly gains. This trend is not limited to BTC; Ethereum and most other cryptocurrencies have also experienced similar losses. Investors and traders may need time to process this news before returning to the market.”
WazirX Vice President Rajagopal Menon said, “Bitcoin and Ethereum prices dropped by almost 3 percent in 24 hours following CFTC registering a case against Binance for engaging US customers in crypto derivatives trading. Bitcoin’s price was also impacted by Michael Saylor’s all-out purchase of 6,455 BTC at $150 million. Bitcoin’s price movement over the last 10 days has indicated a ‘Sell’. However, recent price change indicators continue to be Neutral.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin is currently trading at around $27,000 and there is a possibility that it could drop as low as $25,200. If this happens, there could be a further drop to $22,609, and if this level is broken, it could send Bitcoin back below $20,000. However, if the bulls remain strong, a move up to $30,000 is also expected.”
Kunji founder Anurag Dixit offered his take, “BTC fell below $27,000 after the CFTC filed a lawsuit against Binance for allegedly violating US regulations. The suit seeks monetary penalties and an injunction against Binance, adding to the volatility in the cryptocurrency market as investors worry about regulatory crackdowns."
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market is feeling the pressure of CFTC action against Binance as BTC price has slipped below the $27,000 level which is a drop of over 3 percent in the last 24 hours. ETH which follows the BTC trajectory is also down by 3 percent and is exchanging hands at $1,712.76 during the same period. We can expect the market to remain choppy in the coming weeks owing to the latest developments.”
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.