Cryptocurrency Price Today: Bitcoin Rises Above $27,000 As Top Coins Register Gains
Cryptocurrency price on March 29 quick take: The global market cap rose to $1.16 trillion.
Bitcoin (BTC), after a day of slump, managed to rise above the $27,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board. It should be noted that as per CoinMarketCap data, Toncoin (TON) was the only loser today, with a nearly negligible 24-hour loss of 0.16 percent. Mask Network (MASK), on the other hand, emerged to be the biggest gainer, with a 24-hour jump of over 18 percent.
The global crypto market cap stood at $1.16 trillion at the time of writing, registering a 24-hour gain of 2.43 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $27,396.98, registering a 24-hour jump of 1.69 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 23.80 lakh.
Ethereum (ETH) price today
ETH price stood at $1,778.62, marking a 24-hour jump of 4.00 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.52 lakh.
Dogecoin (DOGE) price today
DOGE registered a 24-hour jump of 2.49 percent, as per CoinMarketCap data, currently priced at $0.07406. As per WazirX, Dogecoin price in India stood at Rs 6.39.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 3.50 percent. At the time of writing, it was trading at $89.70. LTC price in India stood at Rs 7,800.
Ripple (XRP) price today
XRP price stood at $0.5341, seeing a 24-hour jump of 12.78 percent. As per WazirX, Ripple price stood at Rs 46.50.
Solana (SOL) price today
Solana price stood at $20.70, marking a 24-hour gain of 5.14 percent. As per WazirX, SOL price in India stood at Rs 1,900.
Top crypto gainers today (March 29)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Mask Network (MASK)
Price: $6.57
24-hour gain: 18.07 percent
Conflux (CFX)
Price: $0.3651
24-hour gain: 17.98 percent
Lido DAO (LDO)
Price: $2.37
24-hour gain: 15.40 percent
Rocket Pool (RPL)
Price: $46.15
24-hour gain: 14.36 percent
Flare (FLR)
Price: $0.04239
24-hour gain: 14.26 percent
Top crypto losers today (March 29)
As per CoinMarketCap data, here's the top crypto loser over the past 24 hours:
Toncoin (TON)
Price: $2.09
24-hour loss: 0.16 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Most cryptocurrencies rose on Tuesday, following an upswing in US consumer confidence in March. Bitcoin's value rose 1.40 percent compared to the previous day, placing it above the $27,000 level. There is potential for BTC to recover the $30,000 level it lost during the June 2022 bear market if it continues to maintain its current value and strive towards the $28,600 mark. Meanwhile, Ethereum outperformed BTC with an increase of almost 4 percent. The chairman of the US CFTC recently reiterated his view that Ether is a commodity, not a security which is why Ether's value might be on the rise.”
WazirX Vice President Rajagopal Menon said, “Ethereum saw an increase in price after the Commodities and Futures Trading Commission designated it as a commodity and not a security which could potentially prevent it from facing regulatory restraint in the US. ETH is currently trading at $1,779.39. The exponential moving average for BTC indicates a “Buy” sentiment whereas major market oscillators continue to be neutral. The market continues to follow the crackdown of Crypto platforms such as Binance by US lawmakers as it is anticipated to impact the operations for Crypto businesses and subsequent price changes for key tokens.”
Kunji founder Anurag Dixit offered his take, “The crypto markets are majorly moving sideways as everyone awaits regulatory clarity on multiple topics as the same assets are being considered securities and commodities at the same time by different government authorities, fueling regulatory uncertainty."
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “If Bitcoin manages to break the $28,950 resistance level, it can potentially reach $29,250 or even $30,500. However, in the case of a bearish trend, support levels around $26,500 and $25,500 are expected to provide significant support. Ethereum is trading around $1,737 and BNB is trading around $310.”
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market cap is up by 2.56 percent and currently stands at $1.16 trillion with BTC and ETH leading the effort. CFTC has put the focus on Ethereum by showing its support for ETH as a commodity, which resulted in a mini-rally of 3.92 percent in just 24 hours. BTC is marginally up by 1.54 percent and is trading at $27,371.52 at the time of writing. Investors are closely watching the developments at Binance related to CFTC action.”
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.
Top Headline
Trending News
and tablets
