Tether recorded losses alongside Chainlink and Shiba Inu
Ripple also failed to register gains
Dogecoin minted profits
The crypto market valuation, as of March 7, stands at $2.48 trillion
Photo Credit: Pixabay/ Dean Crosby
Bitcoin, that underwent a small price correction period recently, has returned to the profit-side of the crypto chart. On Thursday, March 7 Bitcoin minted a small gain of 0.12 percent that took its trading value to $65,002 (roughly Rs. 53.8 lakh). Over the last day, the value of BTC has spiked by $1,297 (roughly Rs. 1.07 lakh). Not just Bitcoin, but in the last 24 hours, the overall cryptocurrency market witnessed a notable rebound following the recent downturn.
Ether is presently trading at $3,505 (roughly Rs. 2.90 lakh) after seeing a price rise of 6.69 percent on Thursday. In the last few hours, Ether did touch a yearly-high of $3,900 (roughly Rs. 3.22 lakh) before receding to its current pricing.
“BTC faces a key resistance zone at $69,000 (roughly Rs. 57.1 lakh), although it remains supported by the 50-day Exponential Moving Average (EMA) indicating potential stability. On the other hand, ETH is eyeing the $4,100 (roughly Rs. 3.39 lakh) level as its next resistance, with strong support from the 20-day EMA on the four-hour chart,” the CoinDCX market team told Gadgets360.
“Noteworthy tokens belong to the AI category as popular tokens like FET (+52 percent), RNDR (+46 percent) and AGIX (+43 percent) as they showed significant gains on the USD pairing. This signifies investors confidence in AI-based tokens. It is worthwhile to note that all of these tokens have already gone 10 times of their lows in the market cycle and a correction will not be surprising,” the CoinSwitch Markets Desk told Gadgets360.
In the last 24 hours, the overall crypto market cap rose by 0.56 percent in valuation. The sector's market cap currently stands at $2.48 trillion (roughly Rs. 2,05,30,320 crore) -- as per CoinMarketCap. Investors are advised caution before making decisions because the market is subject to volatility amid its ongoing rally, experts have said.
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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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