Cryptocurrency Price Today: Bitcoin Crosses $73,000, Ethereum Dips Below $4,000

The world's oldest and most valuable cryptocurrency, Bitcoin (BTC), was able to break beyond $73,000 early on Thursday as investor enthusiasm was piqued by BTC exchange-traded funds. Due to the Dencun Upgrade, Ethereum (ETH) experienced a significant decline below $4,000 following the upgrade's activation last night. How ETH is able to bounce back is still to be seen. There was a mixed bag of slight declines and increases in other well-known cryptocurrencies, including as Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC). Memecoin dogwifhat (WIF), which had a surge of more than 32% in a day, emerged as the largest gainer.Conversely, NEAR Protocol (NEAR) saw a 24-hour decline of more than 7%, making it the biggest loser.

As of the time of writing, the value of the entire cryptocurrency market was $2.77 trillion, an increase of 1.43 percent in a day.

Bitcoin (BTC) Price Today

According to CoinMarketCap, the price of bitcoin was $73,505.47, up 2.02 percent in a day. As to the Indian exchange WazirX, the current value of Bitcoin was Rs 63.10 lakh.

Ethereum (ETH) Price Today

At the time of writing, the price of ETH was $3,991.25, a decrease of 1.08 percent over the previous 24 hours. The price of Ethereum in India was Rs 3.45 lakh, according to WazirX.

Dogecoin (DOGE) Price Today

With a current price of $0.1712, DOGE showed a 9.84 percent gain during a 24-hour period, according to CoinMarketCap data. Dogecoin was priced at Rs 15.95 in India, according to WazirX.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour dip of 2.07 percent. At the time of writing, it was trading at $96.01. LTC price in India stood at Rs 8,349.99.

Ripple (XRP) Price Today

XRP price stood at $0.6836, seeing a 24-hour dip of 1.67 percent. As per WazirX, Ripple price stood at Rs 59.38.

Solana (SOL) Price Today

Solana price stood at $166.45, marking a 24-hour gain of 11.55 percent. As per WazirX, SOL price in India stood at Rs 14,300. 

Top Crypto Gainers Today 

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

dogwifhat (WIF)

Price: $2.91
24-hour gain: 32.03 percent

Jupiter (JUP)

Price: $0.9458
24-hour gain: 17.36 percent

Bonk (BONK)

Price: $0.00003442
24-hour gain: 17 percent

Pancakeswap (CAKE)

Price: $4.93
24-hour gain: 15.51 percent

Pepe (PEPE)

Price: $0.00001017
24-hour gain: 15.43 percent

Top Crypto Losers Today

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

NEAR Protocol (NEAR)

Price: $7.84
24-hour loss: 7.11 percent

Toncoin (TON)

Price: $4.09
24-hour loss: 6.62 percent

Sei (SEI)

Price: $0.8787
24-hour loss: 6.08 percent

Bittensor (TAO)

Price: $639.42
24-hour loss: 5.80 percent

WEMIX (WEMIX)

Price: $3.28
24-hour loss: 4.95 percent

What Crypto Exchanges Are Saying About Current Market Scenario

"Bitcoin has skyrocketed to $73,000, registering a 47% surge over the last month and a 199% increase over the past year," said Edul Patel, co-founder and CEO of Mudrex, in an interview with ABP Live. This upward momentum is ascribed to the approaching Bitcoin halving event and the increasing interest in Bitcoin spot ETFs, both of which have previously caused notable price fluctuations. Since the approval of Bitcoin spot ETFs, there has been a consistent rise in the amount of money invested by institutional and retail investors alike. The market is focusing on the $76,000 milestone now that Bitcoin has crossed the $73,000 barrier. In the two months since its inception, BlackRock's Bitcoin ETF has surpassed MicroStrategy in terms of Bitcoin holdings, amassing approximately 204,000 BTC, suggesting a spike in demand. As of right now, Blackrock has about $14.76 billion in managed Bitcoin holdings.

"The global crypto market cap has reached $2.77 trillion, marking a 1.69% increase from yesterday," according to CoinSwitch Markets Desk. The fear and greed index has crossed into the extreme greed area after another day of BTC reaching all-time highs. This indicates that a correction is overdue and that bears will eventually have a successful day in the market. But with bulls now in complete charge of the market, leading altcoins, like BNB and SOL, have been vying to become the fourth-biggest cryptocurrency after BTC, ETH, and USDT.The ETH Dencun upgrade went live yesterday, and it will benefit layer 2 gas charge transactions. Even if MATIC's price hit its highest point in almost a year,

Vice President of WazirX Rajagopal Menon stated: "Bitcoin (BTC) continues to rise, setting new records and seeing quick buy-ups following every decline. Nonetheless, given the price of Bitcoin has almost doubled since late January without any appreciable declines, some speculate that a cooling phase may be approaching. The relative strength index (RSI) of the 4-hour chart shows negative bearish divergence, which suggests that prices may drop. The skyrocketing prices of meme coins suggest a potential decline; in the past 24 hours, BTC has increased by 1.40% to trade at almost $73,192.

"On March 13, Bitcoin jumped to around $73,000, supported by a solid base with a pivot point at $70,013 and resistance levels between $73,824 and $79,904," stated Sathvik Vishwanath, CEO and co-founder of Unocoin. Crucial support levels situated at $67,154, $64,861, and $62,192 provide a safeguard against possible declines. Strong purchasing activity is indicated by technical indicators, such as the 50-day exponential moving average (EMA) at 68,547 and the relative strength index (RSI) of 71, which are supported by bullish candlestick patterns. A break below $72,000 might force a reassessment, while a break over $72,000 could maintain the positive trend. Despite the current optimism, caution is suggested if the price falls below $72,000, since this could indicate a change in trend.

"Bitcoin continues to rally after a week of record spot ETF net inflows of $1.1 billion," stated Shivam Thakral, CEO of BuyUcoin. After purchasing $821.7 million worth of bitcoin lately, MicroStrategy is currently seeking an extra $500 million to purchase more bitcoin.In contrast to previous times, this price action shows robust institutional purchasing, and fresh ATHs appear quickly. Before it finally touches 100,000, the next pricing point to keep an eye on is $74,000.

Notice: NFTs and cryptocurrency goods are unregulated and very hazardous. For any losses resulting from such transactions, there might be no regulatory redress. Cryptocurrency is vulnerable to market risks and is not a form of legal tender. Before making any form of investment, readers are urged to consult an expert and carefully study the offer document(s) and any relevant key literature on the subject. Predictions about the cryptocurrency market are speculative, and readers assume all risk and expense associated with any investments they make.