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Bitcoin (BTC) continued to dip early Tuesday as investors showed a lack of confidence in the world’s oldest and most valuable cryptocurrency. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the reds across the board. The Fantom (FTM) token became the biggest gainer, with a 24-hour jump of over 6 percent. Memecoin dogwifhat (WIF), on the other hand, turned out to be the biggest loser, with a 24-hour dip of over 22 percent.
The global crypto market cap stood at $2.45 trillion at the time of writing, registering a 24-hour dip of 4.53 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $65,371.37, registering a 24-hour dip of 6.72 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 59.01 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,388.20, marking a 24-hour loss of 6.43 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.07 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 12.04 percent, as per CoinMarketCap data, currently priced at $0.1343. As per WazirX, Dogecoin price in India stood at Rs 12.29.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 4.04 percent. At the time of writing, it was trading at $82.12. LTC price in India stood at Rs 7,410.70.
Ripple (XRP) Price Today
XRP price stood at $0.6085, seeing a 24-hour dip of 2.13 percent. As per WazirX, Ripple price stood at Rs 54.35.
Solana (SOL) Price Today
Solana price stood at $186.47, marking a 24-hour dip of 8.70 percent. As per WazirX, SOL price in India stood at Rs 16,796.41.
Top Crypto Gainers Today (March 19)
As per CoinMarketCap data, here are the top crypto gainers over the past 24 hours:
Fantom (FTM)
Price: $0.8752
24-hour gain: 6.15 percent
Bittensor (TAO)
Price: $685.48
24-hour gain: 2.92 percent
Aptos (APT)
Price: $14.78
24-hour gain: 2.89 percent
Top Crypto Losers Today (March 19)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
dogwifhat (WIF)
Price: $2.32
24-hour loss: 22.62 percent
Bonk (BONK)
Price: $0.00002188
24-hour loss: 17.93 percent
NEAR Protocol (NEAR)
Price: $6.84
24-hour loss: 16.95 percent
Pepe (PEPE)
Price: $0.00000632
24-hour loss: 16.71 percent
Pyth Network (PYTH)
Price: $0.917
24-hour loss: 15.13 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin dipped to the $65,000 level with increasing profit booking and liquidations. At the moment, one should pay attention to the $64,700 level. If the price breaks below it, there is a chance of Bitcoin moving downwards towards the $62,000 and $64,0000 area. On the other hand, Ethereum also fell to $3,400 level. The next support lies at the $3,300 level.”
CoinSwitch Markets Desk noted, “Bitcoin is trading in a volatile range between $64.5k to $69k. However, markets still seem to hold a bullish structure as long as the horizontal support at the $64.5k is not breached. A lot of selling pressure has been seen in the market ever since BTC hit its all-time high at $73.8k last week. Corrections like this however are always good for the market as it gives the markets more space to sustainably bounce back and go higher.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin’s price experienced a continued decline amidst broader market optimism. Analysts view this as a healthy consolidation phase, with retail investors closely following token movements. Meanwhile, Ethereum’s recent upgrade successfully reduced gas fees but failed to positively impact its price. Expectations suggest that Bitcoin’s price may further decrease, aligning with its pre-halving retracement, entering what’s commonly referred to as ‘the danger zone’. However, the impending halving event is anticipated to alter the trajectory.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Long-term holders of Bitcoin are starting to sell their holdings, signalling the start of a bull market, according to Anthony Pompliano, investor and entrepreneur. As the price of Bitcoin rises, some holders decide to withdraw profits. Pompliano notes a shift in the movement of dormant bitcoins, with a small percentage sold due to a 60% year-over-year and 140% 12-month price increase. This trend, observed in previous bull markets, signals the onset of the current one. Despite the recent drop in price to $65,000 from a peak of $73,000, many holders are waiting for the April halving event. Pompliano suggests that most long-term holders believe that the price of Bitcoin has not yet peaked. Analysts predict an upward trajectory, with Standard Chartered raising its year-end target to $150,000 and CoinShares reporting an influx of ETFs.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin and Ethereum prices continue to fall as the total cryptocurrency market cap falls by -4.15% which is $2.59 Trillion and Bitcoin market cap is at $1.29 Trillion. The fall in Bitcoin dominance usually coincides with an altcoin rally led by ETH. On Wednesday, the FOMC meeting is expected to see no change in rate hikes. But the volatility is still expected from Jerome Powell’s press conference.”
CoinDCX Research Team told ABP Live, “In the last 24 hours, the crypto market experienced a bearish trend, with a nearly 5% drop. Technically, BTC is testing the 20 EMA D support and is forming lower lows in smaller timeframes. A slip below this support could indicate a slight correction. Meanwhile, ETH is hovering near major support levels, just above $3,375, with additional support from the 200 EMA 4H, suggesting strong support. Additionally, the ETH/BTC pair is at a major support level, while BTC dominance is at a resistance level, indicating a potential for ETH and altcoins to start pumping and outperforming BTC in the coming days.”
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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.
