- By Aditya Pratap Singh
- Thu, 27 Mar 2025 12:01 PM (IST)
- Source:JND
Cryptocurrency Market: The crypto market traded kind of flat in the last 24 hours, tracking stability in heavyweights like Bitcoin, and Ethereum. At the time of writing, the global crypto market cap was at $2.85T, registering a decline of 0.54% over the last day. Meanwhile, the total trading volume of the cryptocurrency market was $77.66B, which is an upside of 2.63%.
DeFi contributed $5.88B or 7.57% of the total crypto market 24-hour volume. At the same time, the volume of all stablecoins was $72.82B, contributing 93.78% of the total crypto market 24-hour volume.
Bitcoin, the world's biggest cryptocurrency, remained kind of stable in the last 24 hours, maintaining its price around $87,0000 after GameStop announced to raise $1.3 billion convertible debt to buy Bitcoin. At the time of writing, the Bitcoin price was at 87,319.70, down 0.22% in last 24 hours. Meanwhile, it contribution to total crypto volume in the time frame was 60.74%.
"Bitcoin briefly dipped below $86,000 with price action suggesting a liquidity grab. It has recovered to reclaim $87,500 following GameStop’s announcement to raise $1.3 billion convertible debt to buy Bitcoin. As long as Bitcoin stays above $86,700 on the daily timeframe, its market structure remains bullish though volatility followed by consolidation is likely this week," said Vikram Subburaj, CEO, of Giottus Crypto Platform.
"Key altcoins had a red day with Ethereum, XRP and Solana dipping 1-3%. Dogecoin, Toncoin and Sui registered moderate gains," he added.
Major Cryptocurrencies Today
Bitcoin was trading around $87,500, while Ethereum mainatained it price over $2,000. Meanwhile, BNB, USDC were trading flat. Solana was down over 3%, at the same time Dogecoin was trading in positive territory. Pi Network coin was in red but did not plunge much in 24 hours.
Shivam Thakral, CEO of BuyUcoin, said, "The crypto market is experiencing a notable surge, with Bitcoin reaching $87,619, reflecting an increase of 0.41% in the last 24 hours. This uptick comes on the heels of significant news: the SEC has dropped its appeal against Ripple, a development that paves the way for potential XRP ETF approval in 2025. Market sentiment is buoyed by this legal resolution, as investors anticipate a more favourable regulatory landscape for digital assets. With Bitcoin's price hovering around $87,000 and XRP showing resilience, the outlook for the crypto market remains optimistic as we move forward into a potentially transformative year for digital assets."
Disclaimer: All the opinions and advice mentioned above are belonged to concern person only.