Crypto

Cryptocurrency Price Today: Bitcoin Touches $64,000 For The First Time Since November 2021

Published

2 years ago

February 29, 2024

Cryptocurrency Price Today: Bitcoin Touches ,000 For The First Time Since November 2021

Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, briefly touched the $64,000 mark for the first time since November 2021, before settling down at around $62,500 early Thursday. The excitement among investors around BTC exchange-traded funds (ETF), which saw a daily trading volume of over $7.7 billion, is driving the latest rally. Other top coins, including the likes of — Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw notable gains across the board. Memecoin BONK emerged to be the biggest gainer of the lot, with a 24-hour jump of over 56 percent. Bitget Token (BGB) became the biggest loser, with a 24-hour dip of nearly 6 percent.

The global crypto market cap stood at $2.29 trillion at the time of writing, registering a 24-hour gain of 6.42 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $62,538.10, registering a 24-hour gain of 9.37 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 54 lakh.

Ethereum (ETH) Price Today

ETH price stood at $3,268.95 marking a 24-hour gain of 1.20 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.99 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour jump of 5.41 percent, as per CoinMarketCap data, currently priced at $0.09517. As per WazirX, Dogecoin price in India stood at Rs 10.99.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour dip of 0.83 percent. At the time of writing, it was trading at $74.32. LTC price in India stood at Rs 6,999,79.

Ripple (XRP) Price Today

XRP price stood at $0.5816, seeing a 24-hour jump of 4.61 percent. As per WazirX, Ripple price stood at Rs 51.

Solana (SOL) Price Today

Solana price stood at $122.69, marking a 24-hour dip of 1.05 percent. As per WazirX, SOL price in India stood at Rs 9,991.

Top Crypto Gainers Today (February 29)

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

Bonk (BONK)

Price: $0.00002142
24-hour gain: 56.47 percent

JasmyCoin (JASMY)

Price: $0.02259
24-hour gain: 38.69 percent

Dogecoin (DOGE)

Price: $0.1253
24-hour gain: 31.29 percent

Shiba Inu (SHIB)

Price: $0.00001325
24-hour gain: 22.18 percent

Aptos (APT)

Price: $12.32
24-hour gain: 22.14 percent

Top Crypto Losers Today (February 29)

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

Bitget Token (BGB)

Price: $0.9495
24-hour loss: 5.35 percent

ApeCoin (APE)

Price: $1.90
24-hour loss: 4.87 percent

Pyth Network (PYTH)

Price: $0.6594
24-hour loss: 4.83 percent

Dymension (DYM)

Price: $6.04
24-hour loss: 4.36 percent

Theta Network (THETA)

Price: $1.90
24-hour loss: 4.25 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin climbed above the $63,000 level in the past 24 hours gaining 7%. This surge is attributed to the ten spot Bitcoin ETFs in the US registering a new daily record by surpassing the $7.7 billion trading volume as retail investors jump on crypto rally. BlackRock’s Bitcoin ETF traded $3.3 billion on Wednesday, twice as much as its previous volume record. Bitcoin surged over 50% on a year-to-date surpassing the $60,000 threshold level for the first time since Nov 2021. Currently, Bitcoin is trading at the $61,000 level and is eyeing $65,000. If this momentum continues, it is likely that Bitcoin will beat its previous all-time high soon.”

CoinSwitch Markets Desk noted, “In the last 24 hours, unprecedented volumes were seen in Bitcoin spot ETFs with a total of $7.5 billion being traded, doubling the previous record as BTC hit an all-time high in the Indian markets. Bitcoin is now up by more than 44% in February which is the highest monthly move since December 2020. All Indian investors who had previously invested in Bitcoin are now in a profitable position with the market sentiment slowly moving towards the ‘extreme greed’ category. A glimpse of what might happen if you are too late was visible yesterday. After BTC reached $64k, there was a sudden dip due to sudden profit booking and BTC’s price fell below $59k within minutes, causing close to $200 million worth of liquidations within just one hour. Simultaneously, the world’s largest fiat-based exchange Coinbase went down for a bit.”

Rajagopal Menon, Vice President, WazirX, said, “Bitcoin’s volatile ride saw a sudden 7% plunge from its $64,000 peak, causing chaos for leveraged traders. After briefly soaring above $60,000 for the first time since November 2021, BTC dropped to $59,400, rebounding to $61,587. The major cryptos, including ETH, SOL, XRP, ADA, DOGE, and AVAX, also faced 4% to 9% declines within an hour. The market turmoil led to $700 million in liquidations, marking the most significant wipe-out since last August. Despite the crypto carnage, spot bitcoin ETFs, notably BlackRock’s IBIT, experienced record-breaking volumes, reaching $3.3 billion.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin’s bullish trajectory extends to its performance against the Indian Rupee (INR), with key resistance levels identified at $61,544, $64,848, and $68,242, mirroring its USD counterpart. Notably, the INR’s previous ATH is also surpassed, indicating broader market strength. Support levels at $54,425, $52,597, and $47,572 offer stability against pullbacks, while the RSI at 85 suggests heightened buying pressure, warranting caution for potential corrections. The formation of the “three white soldiers” candlestick pattern and the INR’s upward trendline support reinforce bullish sentiment, augmented by the 50-day EMA at $47,818. Breaking resistance at $61,500 could signal continued bullish momentum, emphasizing careful monitoring amid potential fluctuations despite overall positive market sentiment.”

Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin has gained more than 10% in a day, briefly touching $64,000 for the first time since November 2021. The cryptocurrency price is one step closer to its all-time high as Bitcoin ETFs broke their trading volume record with a huge day at $7.69 billion. Blackrock’s iShares Bitcoin Trust, IBIT, broke its own trading volume records at $3.3 billion. Ethereum hasn’t matched the pace of Bitcoin but is steadily rallying, crossing $3,400. It may be possible to see a new all-time high in Bitcoin before halving this year.”

CoinDCX Research Team told ABP Live, “BTC surged to $64,000, nearing its all-time high, while ETH reached $3,400, marking new highs for the year. This rally is driven by historical trends before halving events, strong inflows into BTC spot ETFs, and support from major institutions. Following its ascent to $64,000, BTC experienced a rapid drop to $59,000, triggering high-leverage liquidations on both sides. It has since stabilized above $61,500. This volatile movement led to liquidations in altcoins as well. BTC’s stability is crucial for altcoins to regain momentum. The next key levels for BTC are $65,000-$66,000, followed by its all-time high at $69,000. Despite attempting to breach the $3,500 level, ETH underperformed BTC as the ETH/BTC pair weakened. Currently, ETH is holding slightly above $3,400.”

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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.

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Crypto

Strategist Warns Crypto Oversupply Could Force $10K Bitcoin Reset

Published

12 hours ago

January 14, 2026

Press Room

Bitcoin’s explosive rally may have gone too far, with oversupply, rising volatility risk, and shifting macro forces setting the stage for a major reset that could redefine crypto’s next cycle, according to a Bloomberg Intelligence outlook.

Crypto

How I accidentally turned an i24NEWS host into a meme coin – i24NEWS

Published

23 hours ago

January 13, 2026

Press Room

How I accidentally turned an i24NEWS host into a meme coin – i24NEWS

Cryptocurrency markets are dangerously unregulated and susceptible to fraud.

That was the point of my report for Innov’Nation from January 6, 2026. Anyone can create a cryptocurrency token, invest heavily at the point of conception, promote it, then pull the rug- selling for a huge profit, whilst destroying the currency’s value and screwing over the investors you brought along for the ride.

The reason I did this was to bring attention to what’s known as “memecoins”. These are tokens, tied to existing cryptocurrencies like Bitcoin and Ethereum, but given the facade of viral emblems.

The most famous are the Elon Musk-approved Dogecoin, and cartoon-turned-right-wing dog whistle Pepe the Frog. I talked specifically about how people are manufacturing offensive memes about figures like George Floyd & Charlie Kirk and using it to promote their respective memecoins. But one little throwaway line that I said has come back to haunt me.

“Creating a cryptocurrency can take 5 minutes[…] you just need a snazzy name, like Lynncoin, a picture, a supply limit and bingo, you have created a new crypto token.”

Alongside this was an AI-generated image of Innov’Nation host Lynn Plagmeijer mocked up on a coin-like sphere. Lynn was sitting next to me when I generated this, and it was laughed off as nothing more than a tongue-in-cheek visual aid to show the absurdity of memecoins. And we went about our day without giving it a second thought.

Two days later, I woke up to a barrage of messages on X, formerly Twitter. Lynncoin had seemingly been wished into existence. Almost as if an angel knew that my massive ego loves being proven correctly, someone created a virtual commodity out of thin air that has the potential to defraud millions.

And this was what I was fearful of; accidentally creating a vehicle that has allowed anonymous individuals to carry out mass fraud with no retribution. Why would someone make this coin? Who is stupid enough to invest in it? And, most importantly, is it a scam?

I tracked the person who created the token on X – a French-Thai man who goes by the online pseudonym Trax. He did acknowledge that ‘most memecoins are scams’, but was adamant that his was not. He said that he created it simply because I went on television and said that the lack of regulation of memecoins means that they are likely scams. He thought it would be funny if he made a meta token, mocking my report. And, credit where it’s due, that is very funny.

To prove that it wasn’t a scam and that ‘memecoins can be used as a force for good’, Trax created a link to purchase Lynncoin on a platform called Bags, which gives creators a percentage of the transaction fees of the coin. He offered to set it up in my name – a kind, albeit unethical offer. I politely declined and said that he should give the money to charity, specifically The Auschwitz Museum (this raised $400 for Auschwitz, who have been contacted to collect their “donation”).

But Trax did say that he bought at a low price, and the creation of Lynncoin was so he could piggyback on a trend and make money from it. I do not know how many Lynncoins he bought, how much profit he has made, or if he is using this as a pump and dump scheme. It could be a little bit of fun, or it could be mass fraud. And the fact I don’t know highlights the problematic lack of transparency with memecoins, and the crypto market as a whole.

But regardless, I didn’t think Lynncoin would take off. It’s a stupid concept, and only stupid people would invest in it, right? Right?!

After a slow start, it was picked up by major X accounts who specialize in the trade of memecoins. On January 11th, the price of Lynncoin spiked to 0.0003132 USD – which may not sound like a lot, but it was an approximate 8,500% increase in a 24-hour period. So if you invested $1,000 in Lynncoin (which inexplicably, many people did), you could in theory sell for $85,000. For reference, the largest single day increase in the Dow Jones Industrial Average was 15.34% in 1933. Even Bitcoin’s record daily jump was 47% in April 2013. Yet, here you have a coin that some anonymous French-Thai guy created, bearing the face of Lynn Plagmeijer, making the most absurd jump I have ever seen.

But pride comes before the fall, and the fall was drastic. By 18:00, dozens of traders were shedding thousands of dollars selling Lynncoins, and all the gains had been wiped out. And it is impossible to find out who were the ones buying, who were the ones selling, other than an anonymous jumble of letters comprising a screen name on the tracking website Dexscreener.

In total, more than half a million dollars has been traded with Lynncoin, some making a profit, others losing a fortune. At the time of writing, the value is now a fraction of what it was, down 80-90% from its peak. In theory, it could get back to previous levels, but if it does, history shows it will not sustain. It will be a flash in the pan, whilst people pump their money into it for a few hours, create value, and sell it at a huge profit margin.

Pump-and-dump schemes are highly illegal, and can lead to fines and prison sentences. But the lack of transparency makes it hard to prosecute. Is Trax committing fraud? I want to believe not, he seems like a nice guy. But I cannot say for certain. And that is the crux of why I made my original report, and the major issue in this burgeoning, and highly lucrative financial industry.

Viewer makes meme coin after i24NEWS segment on crypto fraud | Innov’Nation

Pump and dumps, or rug pulls, are not new. Global icons from Javier Milei to Hailey “Hawk Tuah” Welch have been accused of scamming their supporters through crypto. Even during the brief existence of Lynncoin, former New York Mayor Eric Adams created a token, the profits of which he said would be to ‘fight antisemitism’.

Yet just 30 minutes after he launched it, millions of dollars of liquidity was withdrawn, destroying the value of the coin before it had a chance to ‘fight antisemitism’.

Do I think you should invest in Lynncoin? That’s like asking if you should go into a casino and put all your money on the roulette table. Yes, you can win big.

But more likely than not, you will lose even more. And, most importantly, it is a gamble, so if you do choose to invest, only put in as much as you are willing to lose. I’m sure it’s hard enough telling your loved ones that you gambled away all your money, but it would be even more embarrassing telling them you lost it on Lynncoins.

Crypto

Gold and Silver Explode to Record Highs as Fed Independence Fears Ignite Safe-Haven Panic

Published

1 day ago

January 13, 2026

Press Room

Gold and Silver Explode to Record Highs as Fed Independence Fears Ignite Safe-Haven Panic

Gold and silver surged to record territory as fears over U.S. monetary credibility, inflation risk, and geopolitical instability ignited aggressive safe-haven demand, pushing precious metals to the forefront of a widening global market recoil.