Crypto Market Today (Mar 12): BTC Brushes $83K, XRP Jumps 7%, & KAS Adds 16%
Highlights
- BTC price reclaims a brief hold above $83K.
- ETH, XRP, and SOL prices manage to bounce back up.
- Kaspa (KAS) led the broader market gains this Wednesday.
Crypto Market Today (March 12): Bitcoin (BTC) price regained an upward trajectory after a bloodbath, briefly touching $83K as of early Asian hours on Wednesday. Major-league altcoins such as XRP, Solana (SOL), and Ethereum (ETH) have followed, surging 1%-7% intraday. Notably, Kaspa (KAS) has led the broader market gains, soaring 16%.
Crypto Market Today: BTC & Altcoins Bounce Back After Dip
The crypto market added 3.5% value intraday, as indicated by a global market cap of $2.67 trillion. Further liquidations from yesterday declined by over 58% and reached $389.61 million (Coinglass data), offering relief to prices.
Intriguingly, the digital asset sector appears to be digesting trade war tensions post-Trump’s new tariffs as well as rising fears of a U.S. recession.
BTC Price Touches $83K High Intraday
After crashing to a multi-month low of $76K, BTC price regained a rising trajectory today, exchanging hands at $82,120. The flagship crypto rose over 3% intraday, hitting a low and a peak of $79,059.43 and $83,737.45, respectively.
Bitcoin’s market dominance saw a 0.22% upswing to 61.27%, undermining altcoins’ gains. Market watchers anticipate whether it is finally the time for a rally in light of the recent U.S. strategic Bitcoin reserve announcement.
ETH Price Jumps 1%
ETH price managed to gain only 1% in the past 24 hours, closing in at $1,863. The crypto hit an intraday bottom and peak of $1,842.15 and $1,961.80 in the past 24 hours. Ethereum’s market dominance slipped to 8.5%, a considerable decline from previous levels of above 9%.
XRP Price Soars 7%
XRP price witnessed a remarkable 7% uptick in value intraday and exchanged hands at $2.15. The coin bottomed and peaked at $2.05 and $2.24, respectively. Ripple’s native coin surged in tandem with Franklin Templeton’s S-1 filing for an XRP ETF recently.
SOL Price Gains 2%
SOL price witnessed gains worth 2% in the past 24 hours and exchanged hands at $122. The crypto’s 24-hour low and high were $118.87 and $128.15, respectively. Solana’s price rose alongside the broader market trend this Wednesday.
Meme Crypto Market Today
Meme coins’ prices have also mirrored an uptrend in sync with other coins’ prices today. Dogecoin (DOGE) price witnessed a 4% uptick and traded at $0.1610. Shiba Inu (SHIB) price followed, gaining 3% to $0.00001190. Pepe Coin (PEPE) was up by a remarkable 7% and rested at $0.000006204.
Top Crypto Market Gainers Today
Meanwhile, some coins have led the broader market gains today, capturing noteworthy investor attention as they signal a potential recovery-trend brewing.
Kaspa (KAS)
Price: $0.06836
24-Hour Gains: +16%
Celestia (TIA)
Price: $3.21
24-Hour Gains: +14%
Bittensor (TAO)
Price: $256.5
24-Hour Gains: +12%
Top Crypto Market Losers Today
Ethena (ENA)
Price: $0.3722
24-Hour Loss: -7%
Maker (MKR)
Price: $1,078.61
24-Hour Loss: -4%
TRON (TRX)
Price: $0.2229
24-Hour Loss: -3%
Overall, the broader market’s rising action has sparked considerable hope among traders and investors about a potential price recovery cooking. Nevertheless, it’s worth considering the highly volatile nature of digital assets could soon bring riveting movements back into action.
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