Bitcoin (BTC) continued its slide since early Tuesday as investors showed distrust in the world's oldest and most valuable cryptocurrency. Other popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) were all in the red. Fantom (FTM) token became the biggest gainer, gaining more than 6% in 24 hours. On the other hand, Memecoin Dogwifhat (WIF) turned out to be the biggest loser, dropping over 22% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization was $2.45 trillion, a decline of 4.53% in 24 hours.
Bitcoin (BTC) price today
According to CoinMarketCap, Bitcoin price was $65,371.37, down 6.72 percent in 24 hours. According to Indian exchange WazirX, the BTC price was 59.01 million rupees.
Ethereum (ETH) price today
ETH price was $3,388.20, registering a loss of 6.43% in 24 hours at the time of writing. According to WazirX, the Ethereum price in India was 307,000 rupees.
Dogecoin (DOGE) price today
According to data from CoinMarketCap, DOGE has fallen by 12.04% in 24 hours and is currently priced at $0.1343. According to WazirX, the price of Dogecoin in India was Rs 12.29.
Litecoin (LTC) price today
Litecoin fell by 4.04% in 24 hours. At the time of writing, it was trading at $82.12. The LTC price in India was Rs 7,410.70.
Ripple (XRP) price today
XRP price was $0.6085, down 2.13% in 24 hours. According to WazirX, Ripple price was Rs 54.35.
Solana (SOL) price today
Solana price was $186.47, down 8.70% in 24 hours. According to WazirX, his SOL price in India was Rs 16,796.41.
Top crypto earners today (March 19th)
According to CoinMarketCap data, the top crypto gainers in the past 24 hours are:
Phantom (FTM)
price: $0.8752
24 hour increase: 6.15%
Bitensor (TAO)
price: $685.48
24 hour increase: 2.92%
Aptos (APT)
price: $14.78
24 hour increase: 2.89%
Top Cryptocurrency Losers Today (March 19th)
According to CoinMarketCap data, the top 5 crypto losers in the past 24 hours are:
Dogwifat (WIF)
price: $2.32
24 hours loss: 22.62%
BONK
price: $0.00002188
24 hours loss: 17.93%
NEAR Protocol (NEAR)
price: $6.84
24 hours loss: 16.95%
Pepe (Pepe)
price: $0.00000632
24 hours loss: 16.71%
PYTH Network (PYTH)
price: $0.917
24 hours loss: 15.13%
What crypto exchanges are saying about the current market scenario
Edul Patel, co-founder and CEO of Mudrex, told ABP Live: “Increased profit taking and liquidations have pushed Bitcoin down to the $65,000 level. The $64,700 level should be the focus for now. If the price falls below that, Bitcoin could fall towards the $62,000 and $64,000 area. Meanwhile, Ethereum has also fallen to the $3,400 range. The next support lies at the $3,300 level .”
CoinSwitch Markets Desk stated that “Bitcoin is trading in a volatile range between $64,500 and $69,000.” However, unless the horizontal support at $64.5k is broken, the market still seems to maintain a bullish structure. The market has seen a lot of selling pressure since BTC hit an all-time high of $73,800 last week. But corrections like this are always good for markets, as they give them room to sustain a sustained rebound and move higher. ”
WazirX Vice President Rajagopal Menon said: Analysts see this as a healthy consolidation phase, and retail investors are keeping a close eye on the token. On the other hand, Ethereum's recent upgrades succeeded in reducing gas fees, but failed to positively impact the price. Predictions suggest that Bitcoin's price could fall further in line with the pre-halving retracement, entering what is commonly referred to as the “danger zone.” However, an impending half-life event is expected to change the trajectory. ”
Satvik Vishwanath, CEO and co-founder of Unocoin, said: “According to investor and entrepreneur Anthony Pompliano, long-term Bitcoin holders are starting to sell their holdings, marking the beginning of a bull market. “There is,” he said. As the price of Bitcoin rises, some holders decide to withdraw their profits. Pompliano pointed out that there was a change in the behavior of the dormant Bitcoin, with a 60% year-over-year price increase and a 140% 12-month price increase, leading to a small number of Bitcoins being sold off. This trend was observed during previous bull markets and marks the beginning of the current bull market. Many holders are still waiting for the April halving event, even though the price has recently fallen from a peak of $73,000 to $65,000. Pompliano suggests that most long-term holders believe the price of Bitcoin has not yet peaked. Analysts are predicting an upward trajectory, with Standard Chartered raising its year-end target to $150,000 and CoinShares reporting ETF inflows. ”
Shivam Thakral, CEO of BuyUcoin, said, “As the market capitalization of cryptocurrencies decreased by -4.15%, or $2.59 trillion, and Bitcoin’s market cap was $1.29 trillion, Coin and Ethereum prices continue to fall.” Bitcoin’s decline in dominance typically coincides with a rise in ETH-led altcoins. No changes are expected to be made to the rate hike at Wednesday's FOMC meeting. However, volatility is still expected from Jerome Powell's press conference. ”
The CoinDCX research team told ABP Live that “in the past 24 hours, the cryptocurrency market has experienced a bearish trend, dropping by nearly 5%.” Technically, BTC is testing the 20EMA D support and forming a lower time frame low. A decline below this support could indicate a slight correction. Meanwhile, ETH is hovering around a major support level just above $3,375, with additional support from the 200EMA 4H, suggesting strong support. Additionally, while the ETH/BTC pair is at a major support level, BTC dominance is at a resistance level, indicating that ETH and altcoins could start to rise in the coming days and outperform BTC. ”
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Disclaimer: Crypto products and NFTs are unregulated and can be extremely risky. There may be no regulatory remedy for losses from such transactions. Cryptocurrencies are not legal tender and are therefore subject to market risks. Readers are advised to seek professional advice and carefully read the offer document together with relevant key literature on the subject before making any type of investment. cryptocurrency Market forecasts are speculative and investments are made at the reader's sole expense and risk.
