Cryptocurrency Price Today: Most Altcoins Record Gains, Bitcoin Trades Near $88,000
Bitcoin’s price charts showed modest gains on Wednesday, March 26. The asset increased to $87,375 (about Rs. 75 lakh) on international exchanges in the last day, representing a 1.05 percent rise. In the meantime, the price of Bitcoin increased by less than 1% on Indian markets, trading between $87,990 (about Rs. 75.4 lakh) and $90,197 (approximately Rs. 77.3 lakh). On Wednesday, most altcoins saw gains. April, which has traditionally been a good month for Bitcoin with an average monthly increase of 13%, may see the trend continue, according to market analysts.
“A possible upswing in the upcoming days is suggested by the fact that Bitcoin and other altcoins are still trading inside the gains. However, the global trade volume has dropped by more than 11%, indicating a decline in participation. The CoinDCX research team told Gadgets 360 that although traders appear to be waiting passively for the next price movement, market attitudes are still unchanged, indicating that the cryptocurrency bull run may soon resume.
On Wednesday, Ether joined Bitcoin to lock in profits. The value of ether increased by 0.28 percent, reaching $2,050 (about Rs. 1.75 lakh) on international markets. Additionally, the asset had negligible increases of less than 1% on Indian exchanges. At the moment, the price of Ethereum is between $2,066 (about Rs. 1.77 lakh) and $2,355 (about Rs. 2.01 lakh).
With a “Descending Channel” pattern, ETH has been trading in a downward trend. This indicates that there is more selling pressure than buying demand. The ZebPay Trade Desk stated, “We can anticipate a further rally up to $2,500 (approximately Rs. 2.15 lakh) if the price breaks, closes, and remains above this level.”
Gadgets 360’s cryptocurrency price tracking showed more gains than losses on Wednesday.
Ripple, Solana, Dogecoin, Cardano, Avalanche, Stellar, Shiba Inu, and Litecoin are among the cryptocurrencies that have reported earnings.
On the upside of the price charts were Cronos, Bitcoin SV, Iota, Polygon, Status, Braintrust, Cartesi, and Ardor.
Over the past day, the total value of the cryptocurrency market increased by 0.76 percent. According to CoinMarketCap, the sector is currently valued at $2.86 trillion, or around Rs. 2,45,24,347 crore.
“The market is still optimistic, as analysts at Bernstein Project pointed out that, due to unprecedented institutional adoption, the total cryptocurrency market capitalization could triple to $7.5 trillion (about Rs. 6,43,31,625 crore) by the end of 2025.”
On the other hand, Wednesday saw losses for Tether, Binance Coin, Leo, and Uniswap. Over the past day, the prices of Monero, Cosmos, EOS Coin, and Elrond have also changed.
“Investors are keeping a careful eye on whether Bitcoin will continue to rise or experience a decline. Altcoins like Dogecoin are gaining traction among traders as Bitcoin stabilizes, according to Avinash Shekhar, co-founder and CEO of Pi42.
Disclaimer and Risk Warning
coinweck does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. coinweck should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.