Bitcoin Breaches $70,000 Before Receding to $67,700, Market Under Mild Volatility

Bitcoin’s current trading value stands at $67,730 (roughly Rs. 56.4 lakh). In the early hours of the day however, Bitcoin did manage to breach the mark of $70,000 (roughly Rs. 58.3 lakh).

Bitcoin Breaches $70,000 Before Receding to $67,700, Market Under Mild Volatility

Photo Credit: Pixabay/ Dean Crosby

The valuation of the crypto sector stands at $2.67 trillion as of March 26

  • Stellar, Cronos saw gains
  • Near Protocol, Bitcoin Cash also saw profits
  • Ripple, Tether trading in losses

The crypto chart reflected gains next to most cryptocurrencies on Tuesday, March 26. Bitcoin stepped into the trading arena on Tuesday, reflecting a profit of five percent. Its current trading value stands at $67,730 (roughly Rs. 56.4 lakh). In the early hours of the day however, Bitcoin did manage to breach the mark of $70,000 (roughly Rs. 58.3 lakh) before receding and consolidating at its current price point. Market analysts are hopeful that Bitcoin could soon see itself pacing towards the $80,000 mark (roughly Rs. 66.6 lakh).

“After days of downsize market movement, BTC changed after a few days of downside and have turned bullish again with its price already crossing the $70,000 (roughly Rs. 58.3 lakh) mark. With inflation levels reaching towards peak levels, retail users using Bitcoin as a way towards monetary debasement has been the number one reason why more and more people have started to invest in Bitcoin,” the CoinSwitch Markets Desk told Gadgets360.

Ether surged in value by 4.24 percent on Tuesday. Its trading value currently stands at $3,465 (roughly Rs. 2.88 lakh).

“Despite enduring considerable volatility, Ethereum finds solace in recent developments such as the Dencun upgrade, the looming possibility of ETF launches, overarching market trends, and the residual impact of Bitcoin halving. On March 21, ETH plunged to a low of $3,086 (roughly Rs. 2.57 lakh). However, there's a glimmer of hope as Ethereum's price showed signs of recovery, marked by a notable 10 percent surge in its 24-hour trading volume,” said the ZebPay Trade Desk, commenting on ETH's market situation.

Following BTC and ETH, majority cryptocurrencies showed profits on Tuesday. These include Binance Coin, Solana, USD Coin, Cardano, Dogecoin, Shiba Inu, Chainlink, and Tron.

Polkadot, Polygon, Near Protocol, Uniswap, and Litecoin are also trading in profits.

The overall market cap of the crypto sector is up by 3.84 percent. The valuation of the crypto sector stands at $2.67 trillion (roughly Rs. 2,22,53,929 crore), as per CoinMarketCap.

A small number of cryptocurrencies are trading in the losses on Tuesday. These include Tether, Ripple, and Leo.

“In the last 24 hours, the crypto market showed resilience, with a notable uptick. Most coins, especially those in the Real-World Assets sector, demonstrated strength, outpacing the overall market after the announcement of $100M (roughly Rs. 833 crore) tokenisation fund by BlackRock,” the CoinSwitch Markets Desk told Gadgets360.

Is the Samsung Galaxy Z Flip 5 the best foldable phone you can buy in India right now? We discuss the company's new clamshell-style foldable handset on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

Affiliate links may be automatically generated - see our ethics statement for details.

Cryptocurrency Prices across Indian exchanges


For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Radhika Parashar
Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at More
Best Deals on Budget Wearables at Croma
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News


Follow Us
© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »