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.”

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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

This Popular Cryptocurrency Could Soar by 177% in 2026, According to Wall Street Analyst Tom Lee

Published

2 hours ago

January 10, 2026

Press Room

This Popular Cryptocurrency Could Soar by 177% in 2026, According to Wall Street Analyst Tom Lee

Key Points

Ethereum is the leading platform for developers who want to build decentralized software applications, which are popular in areas like gaming and finance.
Ether, which is Ethereum’s native cryptocurrency, set a new record high during 2025, but it ended the year in the red.
Wall Street analyst Tom Lee thinks Ether could soar in the early stages of 2026, and he chairs a company that owns over $13 billion worth of coins.

Cryptocurrencies had a tough year in 2025, with most popular coins and tokens suffering losses. Not even the industry leaders like Bitcoin and Ethereum(CRYPTO: ETH) were spared, ending the year down 5% and 11%, respectively.

But 2026 is here, and Wall Street analyst Tom Lee recently came out with a set of very bullish forecasts. He thinks Ether, which is the native cryptocurrency of the Ethereum network, could soar to $9,000 per coin early in the year, implying a potential upside of 177% from where it’s trading as I write this.

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Lee founded Fundstrat Global Advisors, but he’s also the chairman of BitMine Immersion Technologies(NYSEMKT: BMNR), which owns approximately $13.4 billion worth of Ethereum, so he certainly has some skin in the game. How realistic is his latest forecast?

Image source: Getty Images.

What is Ethereum?

Ethereum is a platform where people develop decentralized software applications, which are increasingly popular in industries like gaming and financial services. These apps are governed by smart contracts, which are pieces of computer code that live on the Ethereum blockchain. They typically can’t be changed, so no person or company can manipulate the app’s core set of rules, ensuring it stays decentralized.

The Ethereum network itself is also completely decentralized. Instead of using one large data center, it’s hosted on thousands of nodes (computers) all over the world that store an updated copy of its blockchain. Therefore, the network won’t be compromised even if some nodes go down, and that’s how Ethereum has boasted 100% uptime over the last decade.

Ether is like the fuel that makes the Ethereum network function. Every time a person activates a smart contract by using an app, or even transfers a crypto token built on Ethereum, they incur a fee that is payable in Ether. Therefore, the larger the network grows, the more demand there is for Ether, and the more valuable the coin becomes (in theory).

Thousands of decentralized apps have been built on Ethereum so far. Uniswap, for instance, is a popular exchange where people can trade their cryptocurrencies for other cryptocurrencies. Pricing and execution is handled entirely by smart contracts with no intermediaries, creating a lightning-fast and cost-effective experience. Users don’t even need to create an account, because they can connect their crypto wallets directly to Uniswap and immediately start transacting.

How realistic is Lee’s target?

Tom Lee thinks decentralized apps will take over the financial industry, and as the largest platform of its kind, he’s betting Ethereum will lead the transition. The world’s largest asset manager, BlackRock, is already exploring plans to tokenize some of its exchange-traded funds (ETFs) by moving them onto the blockchain, where they can trade more efficiently compared to using traditional stock exchanges.

That is just one example suggesting Lee could eventually be right. But the growing adoption of stablecoins — many of which are built on Ethereum — is another sign. These cryptocurrencies are designed to maintain a stable value (hence their name), and they can be sent anywhere in the world practically instantly. Therefore, they are far more efficient than traditional payment rails that often take several days to move money across borders.

According to Cathie Wood’s Ark Investment Management, over $15 trillion in payment volume was processed using stablecoins in 2024, which was more volume than both Visa and Mastercard processed.

But could all of this send Ether soaring by 177% to $9,000 per coin in the early stages of 2026? I’m not so sure. Ether climbed to a record price of $4,946 per coin in 2025, which was a win for investors, but it was the first new high in four years. Plus, the coin has already lost 32% of its peak value, so I’m not sure if it can muster enough momentum to almost triple in value in the next few months like Lee predicts.

With that said, $9,000 per coin would give Ether a market capitalization of around $1.08 trillion, so it would still be much smaller than Bitcoin, which has a market cap of $1.85 trillion. Therefore, I wouldn’t rule out Lee’s target, especially if the decentralized revolution continues to gather momentum, but I would certainly be cautious about the timing. Plus, it’s important to remember Lee chairs the BitMine Immersion Technologies company, which owns 4.1 million Ether coins, so he has a vested interest in putting forward highly bullish targets.

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Crypto

Fed ‘Sweet Spot’ Sends Signal for Bitcoin as Jobs Data Quietly Sets Stage for $100K BTC

Published

14 hours ago

January 10, 2026

Press Room

Fed ‘Sweet Spot’ Sends Signal for Bitcoin as Jobs Data Quietly Sets Stage for 0K BTC

Bitcoin’s march toward $100,000 is gaining momentum as cooling U.S. labor data, shifting Fed policy expectations, and geopolitical tensions converge, setting the stage for renewed price discovery and a possible breakout beyond prior all-time highs.

Crypto

Rumors are swirling about Venezuela holding $60 billion in Bitcoin—but crypto experts are skeptical | Fortune

Published

1 day ago

January 9, 2026

Press Room

Rumors are swirling about Venezuela holding billion in Bitcoin—but crypto experts are skeptical | Fortune

Following the United States’ capture of Nicolás Maduro over the weekend, a report came out claiming that Venezuela had $60 billion stored in Bitcoin—leading to speculation that the U.S. could lay claim to cryptocurrency as well as oil. Despite numerous reports of the huge Venezuelan Bitcoin stash, however, a crypto forensic firm is skeptical of the claims.

The news of Venezuela’s Bitcoin holding began to bubble up last Saturday, the same day that Maduro was ousted. The digital publication Project Brazen reported that his regime could control $60 billion in the original cryptocurrency—but offered little in the way of proof.

“The article does not mention any addresses as a starting point, making it difficult to verify any of these speculated claims,” said Aurelie Barthere, principal research analyst at Nansen, about Project Brazen’s report.

Barthere is not the first person to express skepticism about the country’s purported crypto treasure trove. Mauricio di Bartolomeo, the Venezuelan co-founder of the financial services company Ledn, told Fortune on Wednesday that the level of the country’s corruption makes the figure hard to believe. He expanded his argument in an opinion piece he wrote for Coindesk.

Estimates of Venezuela’s crypto holdings vary wildly. Bitcointreasuries.net estimates that the country has $22 million worth of Bitcoin. That figure would make Venezuela the government entity with the ninth-most money tied up in the original cryptocurrency, just behind North Korea.

While the exact size of Venezuela’s Bitcoin wealth is unclear, the country has long been a player in crypto. Maduro introduced a token called the Petro in 2018, which was shuttered six years later. Its citizens have also turned to stablecoins as a way to fight their currency’s hyperinflation.

Trump has said that he will “run” Venezuela, and some have speculated that includes seizing the country’s Bitcoin holdings. Andrew Fierman, head of national security intelligence at Chainalysis, said he could not speak to the likelihood of such a seizure. He did, however, explain what gaining control of assets might look like.

A freezing of assets could occur through centralized services, he says. These services would get a court order for an exchange or an issuer like Tether or Circle who could blacklist an address. The second method is through physical seizure. The U.S. could get control of wallets, devices, and keys through compelled cooperation.

For now, there is unlikely to be a full and accurate account of Venezuela’s Bitcoin holdings until the political situation in the country becomes more stable.

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