Today’s Cryptocurrency Prices in India (March 9): Global Market Cap, Bitcoin (BTC), Ethereum, Doge, Solana, Litecoin, Kava – Who’s Gaining and Who’s Losing
The global crypto market cap fell below $1 trillion once again, indicating tough times ahead for overall prices. Bitcoin dropped to the $21,000 level, while other altcoins including Ethereum, Dogecoin, and Litecoin also saw decreases. The KAVA token experienced a 24-hour jump of over 6 percent, and ImmutableX emerged as the top loser with a 24-hour dip of over 14 percent. Mudrex co-founder and CEO Edul Patel claims that the drop in Bitcoin’s value is due to a lack of aggressive purchasing at current levels, potentially causing the price to fall to the critical support level of $21,480. WazirX Vice President Rajagopal Menon attributed the fall in cryptocurrency prices to US Fed Chair’s comments for the second consecutive day, JPMorgan’s termination of its association with Crypto exchange Gemini, and crypto-friendly bank Silvergate’s closure.
Sathvik Vishwanath, CEO and co-founder of Unocoin, warned that investors are wary of the upcoming release of hacked Bitcoins on March 11, which could cause the market to fall further. Shivam Thakral, the CEO of BuyUCoin, predicts that hawkish monetary policies may decrease liquidity in the market in the coming weeks and lead to further price declines. Crypto products and NFTs are unregulated and can be highly risky; cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read all documentation carefully before making any investments.