Crypto
Cryptocurrency Price Today: Bitcoin Crosses $67,000, Ethereum Approaches $4,000
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, crossed the $67,000 mark early Friday as it slowly looks to consolidate at around its all-time high of $69,000. Ethereum (ETH) is also slowly charting its course towards the $4,000 mark as overall market sentiment stands at ‘Extreme Greed’ for investors, as per CoinMarketCap data. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens across the board. Memecoin FLOKI emerged to be the biggest gainer, with a 24-hour jump of over 32 percent. FLOW, on the other hand, became the biggest loser, with a 24-hour dip of over 6 percent.
The global crypto market cap stood at $2.56 trillion at the time of writing, registering a 24-hour gain of 2.14 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $67,183.33, registering a 24-hour gain of 1.91 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 57.65 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,910.48, marking a 24-hour gain of 3.68 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.33 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 6.98 percent, as per CoinMarketCap data, currently priced at $0.1638. As per WazirX, Dogecoin price in India stood at Rs 14.04.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 4.31 percent. At the time of writing, it was trading at $88.62. LTC price in India stood at Rs 7,500.
Ripple (XRP) Price Today
XRP price stood at $0.6281, seeing a 24-hour jump of 0.74 percent. As per WazirX, Ripple price stood at Rs 54.05.
Solana (SOL) Price Today
Solana price stood at $144.98, marking a 24-hour gain of 4.52 percent. As per WazirX, SOL price in India stood at Rs 11,900.
Top Crypto Gainers Today (March 8)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Floki (FLOKI)
Price: $0.0001685
24-hour gain: 32.67 percent
THORChain (RUNE)
Price: $7.11
24-hour gain: 31.34 percent
dogwifhat (WIF)
Price: $2.08
24-hour gain: 18.44 percent
Pepe (PEPE)
Price: $0.000007876
24-hour gain: 16.10 percent
EOS (EOS)
Price: $1.25
24-hour gain: 15.29 percent
Top Crypto Losers Today (March 8)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Flow (FLOW)
Price: $1.31
24-hour loss: 6.54 percent
NEAR Protocol (NEAR)
Price: $5.39
24-hour loss: 5.87 percent
Flare (FLR)
Price: $0.04006
24-hour loss: 4.29 percent
Internet Computer (ICP)
Price: $14.69
24-hour loss: 3.98 percent
Worldcoin (WLD)
Price: $7.29
24-hour loss: 3.92 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “In the past 24 hours, Bitcoin has been actively trading at the $67,000 level, showcasing a renewed bullish trend driven by growing investor sentiment. The $65,000 level is witnessing strong support from bulls, pushing prices higher. Resistance is expected at $69,000 and $70,200. The influx of capital from traditional finance into spot Bitcoin ETFs is playing a pivotal role in the ongoing price surge, coupled with positive sentiment ahead of the imminent Bitcoin Halving.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin is currently trading at $67,277 with 1.57% growth and has dominated recent attention, but Ether is poised for substantial growth in 2024. Analysts anticipate Ether (ETH) doubling or more from current prices, possibly reaching $8,000 to $10,000. The Dencun upgrade, set for this month, promises cheaper transactions on Layer 2 networks, driving increased activity. Additionally, excitement surrounds spot Ether ETF applications, with a regulatory decision in May.”
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.
Crypto
Franklin Breaks Past BTC and ETH Walls With XRP and SOL Driving ETF Expansion
Crypto
UK Passes Property (Digital Assets etc) Act Formally Recognizing Crypto as Property
The U.K. now formally recognizes cryptocurrency as property following the passing of a new law this week.
The Property (Digital Assets etc) Act received Royal Assent, the final step of an act becoming law after being passed by Parliament.
The act, approved by King Charles on Tuesday, was designed to modernize property law to take account of digital assets. Previously, property fell into one of two categories: things in possession, such as physical objects, and things in action, such as a debt.
The law establishes a third category that includes digital assets such as cryptocurrencies and non-fungible tokens (NFTs).
Crypto industry associations welcomed the law, hailing it as an important step in the legal recognition of digital assets and therefore instilling greater confidence for users.
“This change provides greater clarity and protection for consumers and investors by ensuring that digital assets can be clearly owned, recovered in cases of theft or fraud, and included within insolvency and estate processes,” trade association CryptoUK wrote in a post on X.
“By recognising digital assets in law, the UK is giving consumers clear ownership rights, stronger protections, and the ability to recover assets lost through theft or fraud,” Gurinder Singh Josan MP, co-chair of the Crypto and Digital Assets All Party Parliamentary Group (APPG) wrote in an emailed comment.
Cryptocurrency has previously been treated as property in court, but this has been on a case-by-case basis. This act makes the recognition law.
Crypto
$11T Vanguard Lays out ‘What Investors Need to Know’ as Crypto ETF Doors Blast Open
-
News2 days agoTrump threatens strikes on any country he claims makes drugs for US
-
Politics2 days agoTrump rips Somali community as federal agents reportedly eye Minnesota enforcement sweep
-
World2 days agoHonduras election council member accuses colleague of ‘intimidation’
-
Technology1 week agoNew scam sends fake Microsoft 365 login pages
-
Politics7 days agoRep. Swalwell’s suit alleges abuse of power, adds to scrutiny of Trump official’s mortgage probes
-
Business1 week agoStruggling Six Flags names new CEO. What does that mean for Knott’s and Magic Mountain?
-
Ohio1 week agoSnow set to surge across Northeast Ohio, threatening Thanksgiving travel
-
News1 week ago2 National Guard members wounded in ‘targeted’ attack in D.C., authorities say