Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, appears to have resumed its rally after a few days of decline. BTC was trading around $66,000 early Thursday and appeared to be steadily rising, according to CoinMarketCap data. Other popular altcoins, such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), experienced significant gains as well. The ONDO token was the biggest gainer of the bunch, with a 24-hour increase of more than 38%.
At the time of writing, the global crypto market capitalization was $2.54 trillion, a 7.33 percent decrease from the previous day.
Bitcoin (BTC) Price Today
According to CoinMarketCap, the bitcoin price was $66,740.81, representing a 7.38 percent increase in the previous 24 hours. According to Indian exchange WazirX, the BTC price was Rs 59.76 lakh.
Ethereum (ETH) Price Today
At the time of writing, the price of ETH was $3,505.83, a 10.45% increase over the previous 24 hours. According to WazirX, the current Ethereum price in India is Rs 3.13 lakh.
Dogecoin (DOGE) Price Today
According to CoinMarketCap data, DOGE has gained 16.77 percent in the last 24 hours and is currently trading at $0.1504. According to WazirX, the current Dogecoin price in India is Rs 13.45.
Litecoin (LTC) Price Today
Litecoin increased by 7.30 percent over the course of 24 hours. At the time of writing, the stock was trading at $85.31. The LTC price in India was Rs 7,700.
Ripple (XRP) Price Today
XRP was trading at $0.6078, up 3.85 percent in 24 hours. As per WazirX, Ripple price stood at Rs 54.01.
Solana (SOL) Price Today
Solana was trading at $190.50, up 11.38 percent in 24 hours. According to WazirX, the current SOL price in India is Rs 17,099.99.
Top Crypto Gainers Today (March 21)
According to CoinMarketCap data, here are the top five cryptocurrency gainers over the last 24 hours:
Ondo (ONDO)
Price: $0.7262
24-hour gain: 38.41 percent
Floki (FLOKI)
Price: $0.0002512
24-hour gain: 36.99 percent
Axelar (AXL)
Price: $2.11
24-hour gain: 28.63 percent
Stacks (STX)
Price: $3.37
24-hour gain: 22.08 percent
Theta Network (THETA)
Price: $3.04
24-hour gain: 20.01 percent
Top Crypto Losers Today (March 21)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Jupiter (JUP)
Price: $1.10
24-hour loss: 15.21 percent
Avalanche (AVAX)
Price: $50.87
24-hour loss: 14.93 percent
Theta Network (THETA)
Price: $2.46
24-hour loss: 12.64 percent
Solana (SOL)
Price: $167.04
24-hour loss: 10.71 percent
NEAR Protocol
Price: $6.17
24-hour loss: 9.68 percent
What Crypto Exchanges Are Saying About Current Market Scenario
According to Mudrex co-founder and CEO Edul Patel, “Bitcoin bounced back to the $67,000 level as US Federal Reserve Chair Jerome Powell struck a dovish tone and the central bank kept the key rates unchanged for the fifth consecutive meeting.” The global cryptocurrency market capitalization increased by 8% over the last day. The next level of resistance is $69,400, followed by $73,000. On the other hand, if Bitcoin falls, support is at $65,000. Most cryptocurrencies, as well as traditional markets, increased in value.”
The CoinSwitch Markets Desk stated, “In a complete U side recovery, BTC (+7.4%) recovered all of its losses from its highest losing day in 17 months and more, gaining close to 10% in a single day. While the fear and greed index had now reached 78, indicating that the market correction was healthy and necessary. Altcoins, on the other hand, behaved similarly, causing traders to suffer significant losses before recovering.
According to Rajagopal Menon, Vice President of WazirX, “Crypto markets surged as Bitcoin (BTC) set its sights on $67,000, propelled by a dovish tone from US Federal Reserve Chair Jerome Powell.” Bitcoin hit a daily high of $67,781, representing a more than 10% recovery. Ether (ETH) also recovered from a 6% drop caused by concerns about a confidential investigation into the Ethereum Foundation and SEC considerations. Despite a recent correction, market sentiment improved following the Fed’s decision to maintain rate cuts, alleviating concerns about inflationary pressures.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, stated, “After the latest Fed policy announcement, Bitcoin surged to the midpoint of $67,000, up roughly 9%. The Fed’s decision to leave interest rates unchanged and forecast three rate cuts in 2024 boosted market sentiment, sending the US dollar lower and the S&P 500 higher. Bitcoin’s rebound indicates that bullish sentiment will persist, with record highs potentially retested. Wednesday’s close is critical for breaking the recent downtrend channel. Despite recent pressure to take profits, Bitcoin’s recovery falls within the typical range seen in bull markets. With shallower corrections expected and the possibility of a retest of the highs, Bitcoin remains on track to reach $100,000 this year or next.”
The CoinDCX Research Team told The Ultimate News that the crypto market has seen significant volatility in the last 24 hours. ETH initially dropped due to news of an investigation into the ETH foundation, which caused some FUD. However, after the Fed announced that interest rates would remain unchanged, the entire crypto market rebounded, with altcoins outperforming Bitcoin. Technically, ETH/BTC found support at a critical level, indicating a possible uptrend for altcoins with ETH outperforming Bitcoin. ETH closed the day on strong volume, indicating that the uptrend may continue. Currently, it must reclaim the 20 EMA Daily for additional confirmation.”