Crypto Price Today: Bitcoin Hovers Near $80,000 as Market Volatility Continues, Altcoins Show Minor Gains
The overall crypto market is undergoing a period of volatility amid ongoing macro-economic tensions like tariff wars. On Wednesday, March 12, Bitcoin price dropped by 2.15 percent and 3.65 on international and national exchanges. BTC is presently trading at $81,778 on global platforms as per CoinMarket Cap. On exchanges like Binance and Kucoin, BTC is priced $83,703.
Ether has also been undergoing losses throughout the week. On Wednesday, the asset reflected a drop of under one percent to trade at $1,873 on international exchanges. This is the first time in almost a year that the price of Ether has dipped under the mark of $2,000).Exchanges show Ether trading at $2,009 after clocking a loss of 1.53 percent.
ETH's recent drop toward the $2,000 mark triggered the liquidation of over $918 million in leveraged long positions in ETH futures within just 15 days. A clear lack of institutional interest is evident in spot exchange-traded fund (ETF) flows. If prices hold and sustain above $1,750, a relief rally could be expected. However, if support is breached, ETH may continue its decline and test the $1,500 level,” said the ZebPay Trade Desk.
Majority altcoins reflected small gains on Gadgets 360's crypto price tracker on Wednesday.
These include Ripple, Binance Coin, Solana, Dogecoin, and Chainlink.
Other altcoins such as Stellar, Avalanche, Litecoin, Shiba Inu, and Leo also registered minor gains over the last 24 hours
The overall crypto market cap rose by 2.09 percent over the last day to claim the valuation of $2.65 trillion, showed CoinMarketCap.
Meanwhile, Tron, Bitcoin Cash, Cronos, Zcash, and Status joined BTC and ETH on the loss-making side of the price charts.
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