Cryptocurrency Price Today: Bitcoin, Ethereum Fail To Show Signs Of Recovery
Cryptocurrency price on March 7 quick take: The global crypto market cap stood at $1.03 trillion on Tuesday morning.
Bitcoin (BTC) and Ethereum (ETH), two of the most popular cryptocurrencies in the world, failed to rise above the $23,000 and $1,600 marks, respectively, early Tuesday morning. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — landed in the reds across the board. The GMX token became the top gainer, with a 24-hour jump of over 7 percent. OKB became the top loser, with a 24-hour dip of over 3 percent.
The global crypto market cap stood at $1.03 trillion at the time of writing, registering a 24-hour gain of 0.51 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $22,481.44, registering a 24-hour gain of 0.35 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 19.56 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,575.02, marking a 24-hour gain of 0.74 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.38 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 1.72 percent, as per CoinMarketCap data, currently priced at $0.07552. As per WazirX, Dogecoin price in India stood at Rs 6.71.
Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 1.38 percent. At the time of writing, it was trading at $87.88. LTC price in India stood at Rs 7,800.74.
Ripple (XRP) price today
XRP price stood at $0.3697, seeing a 24-hour gain of 0.60 percent. As per WazirX, Ripple price stood at Rs 31.94.
Solana (SOL) price today
Solana price stood at $20.79, marking a 24-hour dip of 0.67 percent. As per WazirX, SOL price in India stood at Rs 1,900.
Top crypto gainers today (March 7)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
GMX (GMX)
Price: $72.16
24-hour gain: 7.20 percent
Decentraland (MANA)
Price: $0.6117
24-hour gain: 6.69 percent
Optimism (OP)
Price: $2.55
24-hour gain: 5.55 percent
Fantom (FTM)
Price: $0.4237
24-hour gain: 5.29 percent
Enjin Coin (ENJ)
Price: $0.4328
24-hour gain: 5.28 percent
Top crypto losers today (March 7)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
OKB (OKB)
Price: $48.01
24-hour loss: 3.31 percent
Maker (MKR)
Price: $910.46
24-hour loss: 2.64 percent
Rocket Pool (RPL)
Price: $38.55
24-hour loss: 1.67 percent
Litecoin (LTC)
Price: $87.78
24-hour loss: 1.40 percent
Dash (DASH)
Price: $63.02
24-hour loss: 1.24 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “On Monday, both Bitcoin and Ethereum remained relatively stable as investors gear up for an important week of economic events in the US. This week will feature the release of nonfarm payroll data and speeches by US Federal Reserve Chair Jerome Powell, making it a crucial time for the market. BTC has faced challenges in regaining the $22,800 level, and if the bears successfully bring the price below its current point, the next support level would be $21,480. Ethereum, the second-largest cryptocurrency, has also experienced limited trading activity around the $1,500 mark, indicating hesitation among buyers and sellers.”
WazirX Vice President Rajagopal Menon said, “Bitcoin and Ether have opened the business day with little movement, but the market sentiment remains bearish, with many investors anticipating further declines. The upcoming testimony of US Fed Chair Jerome Powell is of significant interest to investors, as any indication of a more aggressive stance on interest rates could increase market volatility, particularly in the Crypto space.”
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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