Crypto
Cryptocurrency Price Today: Bitcoin Touches $64,000 For The First Time Since November 2021
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, briefly touched the $64,000 mark for the first time since November 2021, before settling down at around $62,500 early Thursday. The excitement among investors around BTC exchange-traded funds (ETF), which saw a daily trading volume of over $7.7 billion, is driving the latest rally. Other top coins, including the likes of — Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw notable gains across the board. Memecoin BONK emerged to be the biggest gainer of the lot, with a 24-hour jump of over 56 percent. Bitget Token (BGB) became the biggest loser, with a 24-hour dip of nearly 6 percent.
The global crypto market cap stood at $2.29 trillion at the time of writing, registering a 24-hour gain of 6.42 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $62,538.10, registering a 24-hour gain of 9.37 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 54 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,268.95 marking a 24-hour gain of 1.20 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.99 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 5.41 percent, as per CoinMarketCap data, currently priced at $0.09517. As per WazirX, Dogecoin price in India stood at Rs 10.99.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 0.83 percent. At the time of writing, it was trading at $74.32. LTC price in India stood at Rs 6,999,79.
Ripple (XRP) Price Today
XRP price stood at $0.5816, seeing a 24-hour jump of 4.61 percent. As per WazirX, Ripple price stood at Rs 51.
Solana (SOL) Price Today
Solana price stood at $122.69, marking a 24-hour dip of 1.05 percent. As per WazirX, SOL price in India stood at Rs 9,991.
Top Crypto Gainers Today (February 29)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Bonk (BONK)
Price: $0.00002142
24-hour gain: 56.47 percent
JasmyCoin (JASMY)
Price: $0.02259
24-hour gain: 38.69 percent
Dogecoin (DOGE)
Price: $0.1253
24-hour gain: 31.29 percent
Shiba Inu (SHIB)
Price: $0.00001325
24-hour gain: 22.18 percent
Aptos (APT)
Price: $12.32
24-hour gain: 22.14 percent
Top Crypto Losers Today (February 29)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Bitget Token (BGB)
Price: $0.9495
24-hour loss: 5.35 percent
ApeCoin (APE)
Price: $1.90
24-hour loss: 4.87 percent
Pyth Network (PYTH)
Price: $0.6594
24-hour loss: 4.83 percent
Dymension (DYM)
Price: $6.04
24-hour loss: 4.36 percent
Theta Network (THETA)
Price: $1.90
24-hour loss: 4.25 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin climbed above the $63,000 level in the past 24 hours gaining 7%. This surge is attributed to the ten spot Bitcoin ETFs in the US registering a new daily record by surpassing the $7.7 billion trading volume as retail investors jump on crypto rally. BlackRock’s Bitcoin ETF traded $3.3 billion on Wednesday, twice as much as its previous volume record. Bitcoin surged over 50% on a year-to-date surpassing the $60,000 threshold level for the first time since Nov 2021. Currently, Bitcoin is trading at the $61,000 level and is eyeing $65,000. If this momentum continues, it is likely that Bitcoin will beat its previous all-time high soon.”
CoinSwitch Markets Desk noted, “In the last 24 hours, unprecedented volumes were seen in Bitcoin spot ETFs with a total of $7.5 billion being traded, doubling the previous record as BTC hit an all-time high in the Indian markets. Bitcoin is now up by more than 44% in February which is the highest monthly move since December 2020. All Indian investors who had previously invested in Bitcoin are now in a profitable position with the market sentiment slowly moving towards the ‘extreme greed’ category. A glimpse of what might happen if you are too late was visible yesterday. After BTC reached $64k, there was a sudden dip due to sudden profit booking and BTC’s price fell below $59k within minutes, causing close to $200 million worth of liquidations within just one hour. Simultaneously, the world’s largest fiat-based exchange Coinbase went down for a bit.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin’s volatile ride saw a sudden 7% plunge from its $64,000 peak, causing chaos for leveraged traders. After briefly soaring above $60,000 for the first time since November 2021, BTC dropped to $59,400, rebounding to $61,587. The major cryptos, including ETH, SOL, XRP, ADA, DOGE, and AVAX, also faced 4% to 9% declines within an hour. The market turmoil led to $700 million in liquidations, marking the most significant wipe-out since last August. Despite the crypto carnage, spot bitcoin ETFs, notably BlackRock’s IBIT, experienced record-breaking volumes, reaching $3.3 billion.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin’s bullish trajectory extends to its performance against the Indian Rupee (INR), with key resistance levels identified at $61,544, $64,848, and $68,242, mirroring its USD counterpart. Notably, the INR’s previous ATH is also surpassed, indicating broader market strength. Support levels at $54,425, $52,597, and $47,572 offer stability against pullbacks, while the RSI at 85 suggests heightened buying pressure, warranting caution for potential corrections. The formation of the “three white soldiers” candlestick pattern and the INR’s upward trendline support reinforce bullish sentiment, augmented by the 50-day EMA at $47,818. Breaking resistance at $61,500 could signal continued bullish momentum, emphasizing careful monitoring amid potential fluctuations despite overall positive market sentiment.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin has gained more than 10% in a day, briefly touching $64,000 for the first time since November 2021. The cryptocurrency price is one step closer to its all-time high as Bitcoin ETFs broke their trading volume record with a huge day at $7.69 billion. Blackrock’s iShares Bitcoin Trust, IBIT, broke its own trading volume records at $3.3 billion. Ethereum hasn’t matched the pace of Bitcoin but is steadily rallying, crossing $3,400. It may be possible to see a new all-time high in Bitcoin before halving this year.”
CoinDCX Research Team told ABP Live, “BTC surged to $64,000, nearing its all-time high, while ETH reached $3,400, marking new highs for the year. This rally is driven by historical trends before halving events, strong inflows into BTC spot ETFs, and support from major institutions. Following its ascent to $64,000, BTC experienced a rapid drop to $59,000, triggering high-leverage liquidations on both sides. It has since stabilized above $61,500. This volatile movement led to liquidations in altcoins as well. BTC’s stability is crucial for altcoins to regain momentum. The next key levels for BTC are $65,000-$66,000, followed by its all-time high at $69,000. Despite attempting to breach the $3,500 level, ETH underperformed BTC as the ETH/BTC pair weakened. Currently, ETH is holding slightly above $3,400.”
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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.
Crypto
British Airline Jet2 Shares Jump 9% After $536M Fuel Hedge Gain Offsets Middle East Travel Fears
Key Takeaways
- Jet2 recorded a $536 million balance sheet windfall on July 8 after locking in low-cost fuel derivatives.
- The Middle East conflict triggered a 67% decline in annual cash inflows as travelers delayed holiday bookings.
- CEO Steve Heapy announced a $335 million buyback program and expanding operations at London Gatwick Airport.
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.
Key Takeaways
- LAB token cratered 90% over 48 hours, wiping out billions in market cap.
- ZachXBT slammed top centralized exchanges for failing to halt the July manipulation.
- Investors surged to avoid trading LAB as team token unlocks are set for later in July 2026.
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.
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.”
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
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
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
Blockchain investigator ZachXBT has renewed his assault on Bitget, accusing the exchange of knowingly enabling market makers to run supply…
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