Crypto price today: Bitcoin, Ether hurt as market awaits final US GDP announcement

As of Wednesday, March 27, most of the popular cryptocurrencies are trading in losses. Bitcoin traded down 0.65 percent at $67,288 (roughly Rs. 56 lakh) on Wednesday. During the last 24 hours, the value of Bitcoin A decrease of $442 (approximately Rs. 36,830). According to market analysts, the asset saw an equal amount of buying and selling pressure over the past 24 hours as prices continued to see a dip throughout the day before stabilizing around its current prices.

“As far as bitcoin price action is concerned, the next resistance level is $70,979 (approx. Rs. 59.1 lakh), while the next support level is $68,955 (approx. Rs. 57.4 lakh),” Mudrex CEO Adol Patel said. told Gadgets360.

Ether On Wednesday, the price recorded a decline of 0.62 percent. At the time of writing, Ether was trading at $3,445 (roughly Rs. 2.87 lakh). Over the past 24 hours, the value of Ether has decreased by $20 (approximately Rs. 1,666).

The announcement by the London Stock Exchange to launch Bitcoin and Ethereum exchange-traded notes (ETNs) from March 28 also added to the positive sentiment in the market. In the last 24 hours, Ethereum raised around $3,600 (roughly Rs. 2.99 lakh),” Mudrex CEO Adol Patel told Gadgets360.

A large number of cryptocurrencies suffered losses on Wednesday. These include Tether, Binance coin, Solana, USD coins, CardanoAnd Avalanche.

during this, Polkadot, Polygons, to change, Litecoin, Leo A reduction in prices was also recorded.

“Over the course of the past day, the crypto market experienced significant volatility, initially showing strength but turning bearish when the US market opened. Tomorrow’s US final GDP announcement added further volatility to the market. may take off,” the CoinDCX research team told Gadgets360, commenting on the market momentum.

Among the cryptocurrencies that recorded gains on Wednesday, Dogecoin And Sheba Anu Enter your name.

Chain Link, Wrapped Bitcoin, Tron, Bitcoin Cash, to change, LitecoinAnd Leo Even managed to record marginal gains.

“Yesterday, the biggest altcoin loser was Fantom’s native token FTM, as after showing a 200% gain in two weeks, people are booking some profits on the token. Ethereum’s Layer 2, Optimisim, to thrive in the blockchain space. has also pledged over $3 billion (approx. Rs. 29,996 crore) in OP tokens to the community,” CoinSwitch Markets Desk told Gadgets360.

The overall crypto market cap decreased by 0.50% in the last 24 hours. At the time of writing, the crypto market is valued at $2.65 trillion (approximately Rs. 2,20,83,642 crore). CoinMarketCap.

---

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