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Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, crossed the $67,000 mark early Friday as it slowly looks to consolidate at around its all-time high of $69,000. Ethereum (ETH) is also slowly charting its course towards the $4,000 mark as overall market sentiment stands at ‘Extreme Greed’ for investors, as per CoinMarketCap data. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens across the board. Memecoin FLOKI emerged to be the biggest gainer, with a 24-hour jump of over 32 percent. FLOW, on the other hand, became the biggest loser, with a 24-hour dip of over 6 percent.
The global crypto market cap stood at $2.56 trillion at the time of writing, registering a 24-hour gain of 2.14 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $67,183.33, registering a 24-hour gain of 1.91 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 57.65 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,910.48, marking a 24-hour gain of 3.68 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.33 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 6.98 percent, as per CoinMarketCap data, currently priced at $0.1638. As per WazirX, Dogecoin price in India stood at Rs 14.04.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 4.31 percent. At the time of writing, it was trading at $88.62. LTC price in India stood at Rs 7,500.
Ripple (XRP) Price Today
XRP price stood at $0.6281, seeing a 24-hour jump of 0.74 percent. As per WazirX, Ripple price stood at Rs 54.05.
Solana (SOL) Price Today
Solana price stood at $144.98, marking a 24-hour gain of 4.52 percent. As per WazirX, SOL price in India stood at Rs 11,900.
Top Crypto Gainers Today (March 8)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Floki (FLOKI)
Price: $0.0001685
24-hour gain: 32.67 percent
THORChain (RUNE)
Price: $7.11
24-hour gain: 31.34 percent
dogwifhat (WIF)
Price: $2.08
24-hour gain: 18.44 percent
Pepe (PEPE)
Price: $0.000007876
24-hour gain: 16.10 percent
EOS (EOS)
Price: $1.25
24-hour gain: 15.29 percent
Top Crypto Losers Today (March 8)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Flow (FLOW)
Price: $1.31
24-hour loss: 6.54 percent
NEAR Protocol (NEAR)
Price: $5.39
24-hour loss: 5.87 percent
Flare (FLR)
Price: $0.04006
24-hour loss: 4.29 percent
Internet Computer (ICP)
Price: $14.69
24-hour loss: 3.98 percent
Worldcoin (WLD)
Price: $7.29
24-hour loss: 3.92 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “In the past 24 hours, Bitcoin has been actively trading at the $67,000 level, showcasing a renewed bullish trend driven by growing investor sentiment. The $65,000 level is witnessing strong support from bulls, pushing prices higher. Resistance is expected at $69,000 and $70,200. The influx of capital from traditional finance into spot Bitcoin ETFs is playing a pivotal role in the ongoing price surge, coupled with positive sentiment ahead of the imminent Bitcoin Halving.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin is currently trading at $67,277 with 1.57% growth and has dominated recent attention, but Ether is poised for substantial growth in 2024. Analysts anticipate Ether (ETH) doubling or more from current prices, possibly reaching $8,000 to $10,000. The Dencun upgrade, set for this month, promises cheaper transactions on Layer 2 networks, driving increased activity. Additionally, excitement surrounds spot Ether ETF applications, with a regulatory decision in May.”
Shivam Thakral, CEO of BuyUcoin, said, “The second-largest cryptocurrency now seems to be leading the crypto market. Ethereum almost touched $4000 after 2 years and recovered faster than Bitcoin since the dip on Tuesday. There have been talks of an ETH spot ETF, which could replicate Bitcoin’s price momentum after the Bitcoin Spot ETF approval. Meanwhile, Blackrock has submitted another application to acquire Bitcoin ETFs for its global allocation fund with the SEC.”
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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 legítimo visar 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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