Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to remain stable within the $66,000 range early Thursday. It appears that the grand old crypto is not yet ready to let go of its rally which saw it surpass its all-time high earlier this week. Other top coins, including the likes of — Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board. The Fetch.ai (FET) token became the biggest gainer of the lot, with a 24-hour jump of nearly 50 percent. Memecoin BONK turned out to be the biggest loser, with a 24-hour dip of over 7 percent.
The global crypto market cap stood at $2.5 trillion at the time of writing, registering a 24-hour gain of 5.30 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $66,142.29, registering a 24-hour gain of 4 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 56.35 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,799.97 marking a 24-hour gain of 6.41 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.22 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 1.02 percent, as per CoinMarketCap data, currently priced at $0.1535. As per WazirX, Dogecoin price in India stood at Rs 13.07.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 3.91 percent. At the time of writing, it was trading at $85.30. LTC price in India stood at Rs 7,251.
Ripple (XRP) Price Today
XRP price stood at $0.6218, seeing a 24-hour jump of 5.97 percent. As per WazirX, Ripple price stood at Rs 53.35.
Solana (SOL) Price Today
Solana price stood at $139.82, marking a 24-hour gain of 13.80 percent. As per WazirX, SOL price in India stood at Rs 11,680.
Top Crypto Gainers Today (March 7)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Fetch.ai (FET)
Price: $2.67
24-hour gain: 49.69 percent
Render (RNDR)
Price: $9.95
24-hour gain: 47.01 percent
NEAR Protocol (NEAR)
Price: $5.76
24-hour gain: 41.32 percent
SingularityNET (AGIX)
Price: $1.15
24-hour gain: 38.81 percent
Flow (FLOW)
Price: $1.40
24-hour gain: 26.97 percent
Top Crypto Losers Today (March 7)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Bonk (BONK)
Price: $0.00002836
24-hour loss: 7.20 percent
BitTorrent (NEW) (BTT)
Price: $0.000001709
24-hour loss: 5.77 percent
Terra Classic (LUNC)
Price: $0.0001924
24-hour loss: 5.01 percent
Shiba Inu (SHIB)
Price: $0.00003141
24-hour loss: 4.50 percent
eCash (XEC)
Price: $0.00006357
24-hour loss: 2.60 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin bounced back to $66,000 level after falling to $60,000 post liquidations. Bulls are viewing the dip as a buying opportunity showing demand at lower levels. If bulls can push the price to above $69,000 level the next resistance is at $70,200. Currently, support lies at the $65,600 level. Despite a correction, BlackRock’s iShares Bitcoin Trust ETF recorded its highest inflow of $788 million and bought 12,000 more Bitcoins, this shows the growing demand. On the other hand, Ethereum is trading at the $3,700 level. Bulls are eyeing towards the $4,000 level suggesting a positive sentiment.”
CoinSwitch Markets Desk noted, “In the last 24 hours, Bitcoin traded in a range near its all-time high of $69k as it failed to break above $67.5k. The bulls are supporting BTC to not fall below $63k a day after it touched the all-time high. As institutional money continues to flow in BTC, over-the-counter (OTC) desks have also started to report one of their historically lowest number of available bitcoins for sale.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin’s resilience is evident as it rebounds over 8% in a day, reaching $67,231.45 from a dip below $60,000. This prompts renewed speculation on its future trajectory. With a trading volume nearing $76 billion, Bitcoin reaffirms its dominance and investor confidence. Key levels include resistance at $66,930, $69,045, and $71,992, and support at $61,562, $59,380, and $56,863. The Relative Strength Index sits at 58, reflecting market equilibrium. A Doji candlestick pattern near $69,000 indicates investor hesitation, with the 50-Day EMA at $62,598 supporting bullish sentiment. A cautious bullish stance is advised, with attention on the $69,000 resistance and upcoming US NFP data for market direction.”
Shivam Thakral, CEO of BuyUcoin, said, “Minutes after hitting ATH, the largest cryptocurrency saw a steep dump of more than 10%. This price action has reversed and Bitcoin is back to the $66,000 region. This price momentum could have been fueled by the Spot ETF buyers as BlackRock iShares Bitcoin ETF (IBIT) bought $778 million worth of Bitcoin inflows on Tuesday. IBIT has added over 12,600 bitcoin, breaking its previous daily highs of around 10,000.”
CoinDCX Research Team told ABP Live, “In the last 24 hours, the cryptocurrency market witnessed a notable rebound following a recent downturn. Ethereum (ETH) led the charge, surging to a new yearly high of $3,900, displaying significant strength in its upward momentum. Meanwhile, Bitcoin (BTC) also saw a considerable uptick, reaching levels around $67,600 before consolidating near the $66,000 mark. BTC faces a key resistance zone at $69,000, although it remains supported by the 50-day Exponential Moving Average (EMA) on the 4-hour timeframe, indicating potential stability. On the other hand, ETH is eyeing the $4,100 level as its next resistance, with strong support from the 20-day EMA on the 4-hour chart. Due to BTC stabilizing and a decrease in its dominance, altcoins, especially AI tokens like FET, Ocean, and AGIX, rallied.”
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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 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.
