The overall market cap of the crypto sector stands at $2.65 trillion
Photo Credit: Pixabay/ WorldSpectrum
Bitcoin on Friday, March 29 saw a loss of 0.18 percent. The value of Bitcoin, at the time of writing stood at $67,034 (roughly Rs. 55.8 lakh). In the last 24 hours, the value of Bitcoin tumbled by $111 (roughly Rs. 9,250). Market experts believe that in the coming days, the most expensive asset could see its price consolidating at the mark of $70,400 (roughly Rs. 58.6 lakh). A bunch of cryptocurrencies followed Bitcoin on the loss-trail.
“Both Bitcoin and Ethereum are expected to see some volatility with $15 billion (roughly Rs. 1,25,022 crore) worth of options set to expire. Overall, the market remains extremely greedy,” Edul Patel, CEO of Mudrex told Gadgets360.
“On the market front, most of the top 10 crypto assets by market cap managed to trade in the green in the last 24 hours, with DOGE (+9.4 percent) leading the gains. Technical analysis shows that DOGE's performance could be attributed to a prolonged reversal,” Parth Chaturvedi, Investments Lead, CoinSwitch Ventures told Gadgets360.
The crypto market is currently witnessing the legal run-ins of several players across different geographical locations. Binance, Coinbase, and KuCoin are already under probe in Nigeria, Philippines, and the US over different issues.
In addition, Sam Bankman-Fried, the CEO of now defunct FTX exchange has been sentenced to 25 years in prison for multi-billion-dollar FTX fraud.
The overall crypto market cap rose by 0.58 percent in the last 24 hours. The valuation of the sector currently stands at $2.65 trillion (roughly Rs. 2,20,87,246 crore), as per CoinMarketCap.
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Crypto Price Today: Bitcoin Steady at $83,000, Altcoins See Mixed Moves Amid Market Fluctuations19 March 2025
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