Crypto

Cryptocurrency Price Today: Bitcoin Stable At $72,000, Toncoin Gains Nearly 25%

Published

2 years ago

March 13, 2024

Cryptocurrency Price Today: Bitcoin Stable At ,000, Toncoin Gains Nearly 25%

Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, appears to remain stable within the $72,000 range early Wednesday, as the excitement around BTC exchange-traded funds among investors continues to pay dividends. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw a mix of minor dips and gains across the board. Toncoin (TON) remained the biggest gainer for the second consecutive day, with a 24-hour gain of nearly 25 percent. Kaspa (KAS), on the other hand, turned out to be the biggest loser, with a 24-hour dip of nearly 6 percent.

The global crypto market cap stood at $2.73 trillion at the time of writing, registering a 24-hour gain of 0.78 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $72,083.33, registering a 24-hour gain of 0.19 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 62.24 lakh.

Ethereum (ETH) Price Today

ETH price stood at $4,038.63, marking a 24-hour dip of 0.02 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.49 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour loss of 1.03 percent, as per CoinMarketCap data, currently priced at $0.1728. As per WazirX, Dogecoin price in India stood at Rs 14.85.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour dip of 1.38 percent. At the time of writing, it was trading at $97.79. LTC price in India stood at Rs 8,599.99.

Ripple (XRP) Price Today

XRP price stood at $0.695, seeing a 24-hour jump of 0.18 percent. As per WazirX, Ripple price stood at Rs 60.40.

Solana (SOL) Price Today

Solana price stood at $149.02, marking a 24-hour dip of 2.28 percent. As per WazirX, SOL price in India stood at Rs 12,874.02.

Top Crypto Gainers Today (March 13)

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

Toncoin (TON)

Price: $4.39
24-hour gain: 24.59 percent

NEAR Protocol (NEAR)

Price: $8.38
24-hour gain: 22.46 percent

THORChain (RUNE)

Price: $11.32
24-hour gain: 18.52 percent

Injective (INJ)

Price: $49.49
24-hour gain: 16.57 percent

dogwifhat (WIF)

Price: $2.24
24-hour gain: 13.92 percent

Top Crypto Losers Today (March 13)

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

Kaspa (KAS)

Price: $0.1482
24-hour loss: 5.72 percent

Worldcoin (WLD)

Price: $9.86
24-hour loss: 4.80 percent

Immutable (IMX)

Price: $3.49
24-hour loss: 4.39 percent

Helium (HNT)

Price: $8.12
24-hour loss: 4.28 percent

Bonk (BONK)

Price: $0.00002959
24-hour loss: 4.01 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin dropped a bit in the past 24 hours reacting to February’s higher-than-anticipated US CPI data. Despite this, it remains steady above $72,000, bolstered by ongoing investments in spot Bitcoin ETFs. Blackrock’s Bitcoin stash now nears 204K, with assets under management exceeding $14.76 billion. Over the last month, Bitcoin has soared by 44%, inching closer to the $76,000 threshold.”

CoinSwitch Markets Desk noted, “As the inflation data from yesterday’s CPI report showed an increased rate of inflation from the expectation, BTC tested the $69k level again but successfully managed to flip the long-term resistance as support. Interestingly, BTC also hit an all-time high yet again at $73k before sliding down causing more than $350 million of liquidation in the last 24 hrs. With the ETH Dencun upgrade going live at 7.25 PM today, it is expected that rollups can then post data on the Ethereum blockchain at 10 times lower rates than before. The blockchains being directly impacted positively by this upgrade will be the top layer-2 solutions including MATIC, OP, and ARB. However, it is worth noting that a major unlocking event of ARB is happening in the coming week, causing more than $2 billion worth of ARB tokens to come into circulation.”

Rajagopal Menon, Vice President, WazirX, said, “Bitcoin (BTC) surged to an all-time high above $73,000 but later dipped nearly 6%, now trading at $72,023, down by 0.08% over the last 24 hours. Ether (ETH) dropped by 2%, while Ripple (XRP), Dogecoin, and Litecoin (LTC) witnessed declines ranging from 6% to 8%. The volatility resulted in the liquidation of over $360 million in leveraged derivatives positions, primarily long positions. Bitcoin’s rally displayed signs of slowing momentum, with the Relative Strength Index (RSI) declining despite high prices. The $69,000 level may offer short-term support, reminiscent of the 2021 bull market peak.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin continues to command attention as it hovers above $71,000, maintaining a robust stance despite a minor 1.00% dip in the past day. This resilience fuels optimism among traders and analysts regarding its future trajectory. Critical price levels on a four-hour chart include a pivot point at $70,013, with resistance at $73,824, $76,749, and $79,904, potentially impeding upward movement. Conversely, support levels at $67,154, $64,861, and $62,192 offer buffers against downward pressure. Technical indicators, notably the Relative Strength Index (RSI) at 67, suggest a slightly overbought status, yet predominantly bullish sentiment persists. Investors weigh these factors in deciding whether now is the opportune time to enter the market.”

Shivam Thakral, CEO of BuyUcoin, said, “The original cryptocurrency, Bitcoin, made another ATH yesterday, surpassing $73,000. After dipping nearly 6%, Bitcoin managed to recover, trading at around $72,000. On the other hand, Ethereum has broken the $4,000 resistance several times over the last few days, which could target the next resistance at $4,200. Blockchain tokens like MOVR, NEAR, and AVAX saw modest gains of over 20%.”

CoinDCX Research Team told ABP Live, “In the past 24 hours, BTC surged to a new all-time high, surpassing $73,000 in futures trading, while ETH approached $4,100, marking a new yearly high. However, following the bearish CPI announcement, which showed higher-than-expected data, coupled with significant BTC ETFs outflows from GBTC, both BTC and ETH experienced a quick 4-5% decline, dragging down altcoins as well. Later, both BTC and ETH managed to recover. Technically, BTC hasn’t shown any major signs of reversal yet, indicating a bullish sentiment, but the data on ETF inflows will be crucial to monitor. Meanwhile, ETH remains fundamentally strong and is expected to surpass the $4,100 mark soon.”

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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

Bitdeer Invests $36 Million in First US Sealminer Factory as Bitcoin Mining Margins Stay Tight

Published

2 hours ago

July 10, 2026

Press Room

Bitdeer Invests Million in First US Sealminer Factory as Bitcoin Mining Margins Stay Tight

Key Takeaways

Bitdeer Targets 10,000 Monthly Sealminer Units With New $36 Million Nevada Factory

Bitdeer is moving ahead with a major U.S. manufacturing push, breaking ground on a $36 million advanced electronics facility in Sparks, Nevada, even as bitcoin mining economics remain near historic lows.

The 187,000-square-foot plant will be the company’s first domestic manufacturing and assembly site in the U.S. It is expected to be completed by the end of 2026 and is designed to produce 10,000 Sealminer units per month.

Bitdeer said the project will create about 70 local jobs across engineering, skilled technician and support roles. The facility will expand the company’s U.S. footprint beyond mining and data centers, adding a domestic production base for its proprietary mining machines.

“Producing our advanced Sealminer units right here in Nevada reflects our long-term commitment to building capacity and nurturing the talent necessary to support our growing digital infrastructure operations in America,” remarked Paul Hanson, Chairman of Bitdeer Industrial.

Vertical Integration During a Mining Slump

The timing is notable. Bitcoin miners are still dealing with weak hashprice, a key measure of mining revenue per unit of computing power.

Spot hashprice was recently around $29.81 per PH/s/day, after touching a daily low of $27.89 on Feb. 24. March also marked a record-low monthly average of $31.27, according to industry data.

The pressure reflects several factors: the April 2024 halving, rising network hashrate, and low transaction-fee revenue. Together, they have reduced revenue for miners using the same amount of computing power.

At these levels, profitability is increasingly concentrated among operators with cheap power and newer, more efficient machines.

Bitdeer is trying to address that pressure through vertical integration. The company has been developing its own Sealminer hardware and deploying the machines across its self-mining fleet.

Catherine Guo, CEO of Bitdeer Industrial, commented that the Sparks plant reflects the company’s contribution to Nevada’s diversifying economy.

“Our commitment underscores the state’s strategic advantages, including a highly accessible and skilled workforce, robust logistics networks, and a consistently business-friendly environment,” Guo said.

U.S. Expansion Meets AI Demand

The Nevada facility will complement Bitdeer’s existing U.S. data centers and its innovation hub in San Jose, California.

The project also comes as Bitdeer expands across mining and AI infrastructure. In its May operating update, the company reported 70.2 EH/s of self-mining hashrate, 921 bitcoin mined during the month, and about $69 million of annualized recurring revenue from its AI Cloud business.

Bitdeer also said it was in advanced talks with a potential colocation tenant at its Tydal, Norway site. That follows a broader industry trend in which miners are exploring AI and high-performance computing uses for power-rich data center assets.

The facility is expected to begin contributing to Bitdeer’s manufacturing capacity as the mining hardware market becomes more selective. Weak hashprice can slow equipment demand, but it can also push well-capitalized miners to replace older machines with more efficient models.

Crypto

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

Published

12 hours ago

July 9, 2026

Press Room

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.

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.

Crypto

Binance maintains commitment to EU, seeking more licences in Asia

Published

22 hours ago

July 9, 2026

Press Room

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.