The price of Bitcoin has regained to $83k and it’s on the edge to surge past $84k while altcoins still struggle to recover from Monday’s drop.
On March 10, the crypto market witnessed a drastic downtrend alongside a huge sell-off in the U.S. stock market. During the trading session, Bitcoin price dipped to as low as $77k while it quickly recovered above $80k the next day.
At the time of writing, Bitcoin is trading near $83,400 with a 24 hour trading volume of $36.5 billion. It is now attempting to break above $84,000 as investors show renowned trust while altcoins continue downtrading.
ETH price, on the other hand, has failed to coincide with past few days’ gains of BTC and it is trying hard to hold the $1,900 level while selling pressure continues increasing. It is down over 17.5% in the past 7 days while declined over 55% since January highs.
Similarly, XRP and SOL have also marked monthly lows and are witnessing massive sell-off after breaking down below key support levels. As per market data, XRP is today trading near $2.26 and SOL is trading at $127 – both up nearly 3% in the past 24 hours.
Other notable price action today includes PEPE’s 16% while IP, S (Sonic), TIA, and XLM have pumped nearly 8%, meanwhile TAO, MOVE and HYPE have declined 3% in the past 24 hours.
Trending Crypto Today
- BCH (Bitcoin Cash)
- PPEP (Pepe)
- HYPE (Hyperliquid)
- KAITO (Kaito)
- LAYER (Solayer)
Top Daily Gainers
- ELF (Aelf): +34%
- LAYER (Solayer): +14%
- PEPE (Pepe): +14%
- IP (Story): +10%
- KAS (Kaspa): +7%
Top Daily Losers
- BNX (BinaryX): -17%
- AKT (Akash Network): -9%
- HYPE (Hyperliquid): -4%
- MOVE (Movement): -4%
- TAO (Bittensor): -3%
As per Coinmarketcap data, the global crypto market cap today sits at $2.7 trillion with a 24 hour trading volume of $96.03 billion.
Also read: PEPE Price Jumps 14%, Breaking Crypto’s Weeks-Long Downtrend
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