Crypto

Cryptocurrency Price Today: Bitcoin Briefly Climbs Above $57,000 For The First Time Since 2021

Published

2 years ago

February 26, 2024

Cryptocurrency Price Today: Bitcoin Briefly Climbs Above ,000 For The First Time Since 2021

Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to climb above the $55,000 mark for the first time since November 2021. It managed to briefly scale the $57,000 mark but later settled down below. It is largely being believed that the recent rally is an outcome of the rising investors’ confidence around BTC exchange-traded funds (ETF). Other top coins, including the likes of — Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board. Memecoin PEPE emerged to be the biggest gainer of the lot, with a 24-hour jump of over 51 percent. Worldcoin (WLD) became the biggest loser, with a 24-hour dip of nearly 14 percent.

The global crypto market cap stood at $2.14 trillion at the time of writing, registering a 24-hour gain of 7.36 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $55,951.66, registering a 24-hour gain of 8.32 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 48.73 lakh.

Ethereum (ETH) Price Today

ETH price stood at $3,227.85 marking a 24-hour gain of 3.95 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.82 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour jump of 4.74 percent, as per CoinMarketCap data, currently priced at $0.08966. As per WazirX, Dogecoin price in India stood at Rs 7.80.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour gain of 6.80 percent. At the time of writing, it was trading at $74.79. LTC price in India stood at Rs 6,470.

Ripple (XRP) Price Today

XRP price stood at $0.5549, seeing a 24-hour jump of 2.67 percent. As per WazirX, Ripple price stood at Rs 48.71.

Solana (SOL) Price Today

Solana price stood at $110.48, marking a 24-hour gain of 6.68 percent. As per WazirX, SOL price in India stood at Rs 9,498.

Top Crypto Gainers Today (February 27)

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

Pepe (PEPE)

Price: $0.000002086
24-hour gain: 51.07 percent

Theta Network (THETA)

Price: $2.11
24-hour gain: 42.25 percent

Pyth Network (PYTH)

Price: $0.7365
24-hour gain: 32.91 percent

Akash Network (AKT)

Price: $4.92
24-hour gain: 22.41 percent

Stacks (STX)

Price: $3.07
24-hour gain: 22.36 percent

Top Crypto Losers Today (February 27)

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

Worldcoin (WLD)

Price: $7.68
24-hour loss: 12.89 percent

SingularityNET (AGIX)

Price: $0.7063
24-hour loss: 6.90 percent

The Graph (GRT)

Price: $0.2845
24-hour loss: 4.66 percent

Uniswap (UNI)

Price: $10.70
24-hour loss: 3.47 percent

dYdX (ethDYDX) (ETHDYDX)

Price: $3.36
24-hour loss: 2.44 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin jumped above $57,000 in the last 24 hours, affirming bullish control following a period of tight consolidation. Breaking through the $54,000 mark for the first time since November 2021, Bitcoin’s rise was driven by sustained demand from spot Bitcoin ETFs. MicroStrategy’s acquisition of an additional 3,000 BTC for $155 million contributed to the positive market sentiment. The next hurdles are expected at $57,400 and $60,000. Simultaneously, Ethereum reached a two-year high, surpassing the $3,200 level, propelled by substantial institutional buying. Overall, optimism prevails as the Bitcoin halving approaches.”

CoinSwitch Markets Desk noted, “BTC showed the highest one-day gain since pre-ETF days and the rally continues today with an impressive double-digit gain. Bitcoin is now at a touching distance of INR 50 lakh per coin with investors growing confidence in this rally; for the first time in 2 years. However, it is worthwhile to note that the journey from $57k to $69k (previous all-time high) might not be easy as BTC will face a lot of strong resistance points on the way., starting at $57.5k. With Blackrock’s spot Bitcoin ETF trading volume hitting a record $1.3 billion, and halving coming in the next 50 days, analysts are predicting this is an unprecedented bullish factor causing this gain.”

Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin has finally broken out days after consolidating under its resistance. The cryptocurrency added $100 billion to its market cap by rallying over 10% in a single day. This rally could have been fueled by institutional buying who expected this move in foresight. MicroStrategy bought 3,000 BTC yesterday just before Bitcoin broke the resistance. Ethereum has also broken $3,200 days after breaching $3,000, which could set a new ATH after Bitcoin cools down.”

Rajagopal Menon, Vice President, WazirX, said, “Bitcoin surged past $57,000 on Tuesday, marking its highest level since November 2021, following substantial gains in the U.S. market on Monday. Despite a slight pullback to $56,500, it maintained a 9% gain over the last 24 hours. Monday’s rally saw Bitcoin surpassing key milestones at $53,000, $54,000, $55,000, $56,000, and $57,000, prompting active trading in U.S.-based spot Bitcoin ETFs. The group, excluding Grayscale’s GBTC, recorded a record-high $2.4 billion in trading volume on Monday. GBTC experienced its smallest one-day Bitcoin outflow since the ETF’s January 11 launch, shedding only 921 tokens.”

CoinDCX Research Team told ABP Live, “in the last 24 hours, BTC surged to $57,000 and ETH surpassed $3,200, indicating a bullish market sentiment. Positive flows into BTC Spot ETFs and continued purchases by institutions like Microstrategy fueled the momentum. From a technical perspective, BTC broke out of its range and showed a parabolic rise. Currently, it’s trading below the resistance level at $57,500. Likewise, ETH also broke out of its range, retested, and is now trading below the resistance level at $3,250.”

Subscribe And Follow ABP Live On Telegram: t.me/officialabplive

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.

Click to comment

Crypto

Attorney General Jackley Proposes Legislation To Strengthen State’s Digital Cryptocurrency Investigations

Published

5 hours ago

January 6, 2026

Press Room

South Dakota Attorney General Marty Jackley says he will propose 2026 legislation allowing law enforcement to seize digital cryptocurrency accounts tied to criminal investigations, citing millions in reported losses to scams and fraud.

Crypto

Venezuela Crisis Watch: Bitcoin Exchange Netflows Signal Caution, Not Crypto Fear

Published

18 hours ago

January 6, 2026

Press Room

Venezuela’s return to the geopolitical spotlight is rattling crypto traders, but on-chain data shows limited stress, muted bitcoin selling, and a market increasingly resilient to headline-driven shocks rather than systemic financial threats.

Crypto

OnePay by Walmart Allows Shoppers to Convert Cryptocurrency to Cash Immediate

Published

1 day ago

January 5, 2026

Press Room

OnePay by Walmart Allows Shoppers to Convert Cryptocurrency to Cash Immediate

Key Takeaway:

OnePay, which is supported by Walmart, is working on the incorporation of Bitcoin and Ethereum trading and custody services into its mobile banking app.
The new feature enables users to convert digital assets to U.S. dollars immediately and use them to make in-store purchases and pay using a credit card.
The backend is being provided by fintech infrastructure provider ZeroHash, which is similar to institutional designs at Morgan Stanley and Interactive Brokers.

Walmart is enthusiastically increasing its financial technology presence by introducing digital asset utility to its huge retail ecosystem. The retail giant is transitioning out of the conventional banking business through its majority-owned fintech business, OnePay, to provide a gateway between cryptocurrency and consumer spending.

OnePay Closes the Cryptocurrency and Commerce Gap

The Walmart partner Ribbit Capital has created OnePay, which is a joint venture that is planned to launch cryptocurrency trading and custodial services by the close of 2025. This integration is a major change that the platform has already achieved having already become one of the top-five finance applications on the Apple App Store. OnePay is launching Bitcoin and Ethereum, as well as its existing range of high-yield savings, debit cards, and its buy now, pay later offerings, which puts the company in a position to become a one-stop, one-app shopping experience to the American customer.

The most striking feature of this rollout is that it has a smooth conversion mechanism. In opposition to the old-fashioned methods when it could require days to transfer money to a bank account, OnePay users will have the opportunity to convert their crypto assets into U.S. dollars in the app in almost real-time. Such money can be immediately redeemed in Walmart checkouts or charged to balances in OnePay credit cards. This service is a good way of eliminating the technical obstacles that have traditionally divided the digital resources and the weekly grocery shopping.

Read More: Amazon and Walmart’s Stablecoin Ambitions Could Disrupt Crypto Payments Landscape

Technical Infrastructure and Partnerships

In order to support such services, OnePay is collaborating with ZeroHash, a Chicago-based infrastructure company focused on the settlement of digital assets. ZeroHash recently announced the close of a $104 million financing round with Interactive Brokers highlighting its expanding position as the plumbing of mainstream crypto adoption. Through an existing third party supplier, OnePay does not encounter the regulatory and technical challenges of developing a custom trading engine.

The presented infrastructure option will guarantee that OnePay will be able to accommodate large-volume transactions and still be compliant with the financial rules of the U.S. ZeroHash offers the APIs needed to bridge the blockchain networks to the standard banking rails that Walmart operates in the traditional banking infrastructure. This arrangement is similar to the approach taken by large brokerage firms such as the E-Trade of Morgan Stanley which is also gearing up to provide direct exposure to crypto to its clients.

Cryptomic Utility Scaling 150M Weekly Shoppers

The move by Walmart into the crypto-to-cash world is noteworthy due to the huge number of its users. The retailer has a customer base of about 150 million customers each week in the United States alone. Whereas crypto-native products, such as Coinbase and Kraken, are aimed at investors, OnePay targets a market segment, which, perhaps, does not care about professional trading features as much as they care about the practical utility of their assets.

The program arrives when the institutional interest in the digital asset sector grows. Bitcoin has just exceeded the figure of 120,000 and market capitalization of the stablecoins has increased to an all-time high of 300 billion. These milestones have generated a new demand for retail friendly crypto products which are not simply speculative, but are efficient in terms of payments.

Read More: Coinbase Bets Big on Prediction Markets, Acquiring The Clearing Company to Scale Onchain Event Trading

walmart

Influence on the Retail Fintech Scene

The shift places OnePay in the full-fledged competition with leading fintech companies such as PayPal, Venmo, and Cash App offered by Block. These solutions have been providing different types of crypto support over the years, but the fact that Walmart is thoroughly integrated with traditional retail is what provides OnePay an edge over the competition. As a user, the fact that one can manage a paycheck, get rewards, and use Bitcoin in the same ecosystem to purchase their household items is an impressive value proposition.

According to industry observers, it is one of several trends that are moving toward financialization of retailing. By providing a digital wallet that can be used with both fiat and crypto, Walmart is effectively proving to take over a larger portion of the financial life-cycle of the consumer. This decreases the dependence on the conventional banks and credit card networks, which may minimize transaction costs to the retailer and provide greater freedom to the customer.