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Cryptocurrency Price Today: Bitcoin Crosses $67,000, Ethereum Approaches $4,000

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Cryptocurrency Price Today: Bitcoin Crosses ,000, Ethereum Approaches ,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.

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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)

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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

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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:

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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)

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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

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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.”

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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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British Airline Jet2 Shares Jump 9% After $536M Fuel Hedge Gain Offsets Middle East Travel Fears

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British Airline Jet2 Shares Jump 9% After 6M Fuel Hedge Gain Offsets Middle East Travel Fears

Key Takeaways

Sector Resilience Amid Fuel Volatility

British airline and package holiday provider Jet2 defied intense geopolitical instability and travel sector panic triggered by the Middle East war by reporting a more than $500 million balance sheet boost, fueled by the rising price of jet fuel.

As the conflict in the Middle East escalated, spiking fuel rates caused the value of the company’s fuel derivatives to soar. According to Jet2’s full financial results released July 8, an extra $536 million in income was primarily driven by these favorable fair value movements.

The financial buffer comes after widespread fears earlier this year that rising energy costs could push airlines into bankruptcy and force massive summer holiday cancellations. In the United States, higher fuel prices contributed to the collapse of low-budget airline Spirit in May. The United Kingdom had been labeled as the nation “most exposed” to the jet fuel crisis, forcing government ministers to scramble to protect airline fuel access and temporarily suspend airport capacity rules.

While Jet2 was able to mitigate the price shock, the broader conflict still took a toll on booking behaviors. The airline conceded that ongoing travel uncertainty from the war caused holidaymakers to delay their trips and book much closer to their departure dates than usual. As a result, Jet2’s cash inflow plummeted by 67% to approximately $103 million for the fiscal year ending March 31.

Financially, Jet2 reported mixed full-year results. Group revenue climbed 4% to $10.05 billion, but pre-tax profit slipped 7% to $738.6 million, hit hard by lower income earned on its cash deposits.

Despite the profit dip, operational metrics showed strong consumer demand. Jet2 increased its total seat capacity by 8% to 24 million and flew 20.8 million passengers — a 5% increase year-over-year. The company also announced a new $335 million share buyback program, pointing to robust liquidity and confidence in its midterm outlook.

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On the stock market, shares of the AIM-listed company jumped 9% to $19.92 at Wednesday’s opening bell, leaving the stock up 5% for the year.

Chief Executive Issues Tax Warning

The financial report coincided with an aggressive political warning from Jet2 Chief Executive Steve Heapy. Speaking to shareholders, Heapy cautioned political figures — specifically naming prominent politician Andy Burnham — against treating the aviation and holiday industry as a “cash cow.”

Burnham is widely anticipated to enter Downing Street later this month following recent political shifts.

“Don’t treat the aviation or holiday industry as a cash cow, because taxes increase the price of flying,” Heapy said, pointing out that Jet2 had to absorb $67 million in additional regulatory and tax costs over the last year. “I think, you know, enough is enough.”

Operationally, Jet2 is pushing a major expansion strategy designed to challenge the UK’s dominant legacy carriers. In March, the airline launched a six-aircraft hub at London Gatwick Airport, signaling an aggressive move out of its traditional northern England strongholds. The company notes it now operates within a 90-minute drive of more than 90% of the UK population.

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Binance maintains commitment to EU, seeking more licences in Asia

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Binance maintains commitment to EU, seeking more licences in Asia
Cryptocurrency exchange Binance remains in “close talks” with regulators in the ​European Union over its application to operate in the bloc and is seeking to secure more licences in ‌Asia, said its co-chief executive Richard Teng on Thursday.
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LAB Token Crashes 80% to $1.25 as $5B Market Cap Vanishes in 48 Hours

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LAB Token Crashes 80% to .25 as B Market Cap Vanishes in 48 Hours

Key Takeaways

LAB Trade Blames ‘Large Market Participants’

LAB, the native token of the multi-chain trading platform LAB Trade, suffered a catastrophic collapse this week, plunging from just over $7 to $1.25 on Wednesday—a staggering 80% decline in under 24 hours. This crash followed an equally brutal sell-off on Tuesday, which saw the token slide from nearly $17. In total, LAB wiped out nearly 90% of its value in just 48 hours.

LAB crash chart: CoinGecko

The financial fallout was swift: a market capitalization that exceeded $5 billion on Tuesday morning evaporated to just $390 million by 3:30 p.m. EST on Wednesday. The freefall prompted the LAB Trade team to address the panic on X, where they expressed disappointment and deflected blame toward external heavy-sellers:

“While today’s market activity is disappointing, our product roadmap and long-term focus remain unchanged. We’re seeing significant selling pressure from large market participants. Several independent trading firms also hold substantial LAB positions that are not affiliated with our team. We’re working closely with our liquidity partners and continue to monitor market conditions,” the team said on X.

With this crash, LAB joins a notorious lineup of volatile tokens, such as RAVE, RIVER and SIREN. Each of these projects experienced meteoric rises followed by near-instantaneous erasures, sparking widespread “pump-and-dump” allegations against their respective teams and murky distribution networks.

Crypto Sleuth Slams Centralized Exchanges

Prominent on-chain detective ZachXBT, who previously flagged suspicious insider loans and market-maker coordination back in May, blasted major centralized exchanges ( CEXs) for failing to protect retail investors. Taking to X, ZachXBT criticized the lack of proactive intervention:

“Disappointing to see how no action was taken by Binance, Bitget, and Gate earlier to prevent it. If CEXs cared, profits from the accounts manipulating the price would be distributed to users at a minimum. Unlocks for investors were scheduled to begin later this month, however, multiple late vesting changes occurred in the past.”

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ZachXBT reiterated his previous warnings that insiders have effectively controlled the entire circulating supply, allowing market makers to orchestrate extreme price manipulation on major exchanges. His final advice to the community was blunt: avoid trading LAB under any circumstances.

ZachXBT Names RAVE, RIVER, SIREN, and LAB as Victims of Bitget-Enabled Market Maker Fraud

ZachXBT Names RAVE, RIVER, SIREN, and LAB as Victims of Bitget-Enabled Market Maker Fraud

Blockchain investigator ZachXBT has renewed his assault on Bitget, accusing the exchange of knowingly enabling market makers to run supply…

ZachXBT Names RAVE, RIVER, SIREN, and LAB as Victims of Bitget-Enabled Market Maker Fraud
Bitcoin.com News

ZachXBT Names RAVE, RIVER, SIREN, and LAB as Victims of Bitget-Enabled Market Maker Fraud

Blockchain investigator ZachXBT has renewed his assault on Bitget, accusing the exchange of knowingly enabling market makers to run supply…

ZachXBT Names RAVE, RIVER, SIREN, and LAB as Victims of Bitget-Enabled Market Maker Fraud
Bitcoin.com News

ZachXBT Names RAVE, RIVER, SIREN, and LAB as Victims of Bitget-Enabled Market Maker Fraud

Blockchain investigator ZachXBT has renewed his assault on Bitget, accusing the exchange of knowingly enabling market makers to run supply…

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