Cryptocurrency Price Today: Bitcoin Remains Stable At $57,000, Arweave Gains Nearly 45%

Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to remain stable above the $57,000 mark for the first time since 2021. Other top coins, including the likes of — Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw minor gains and losses across the board. The Arweave (AR) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 44 percent. Mantle (MNT) became the biggest loser, with a 24-hour dip of nearly 8 percent. 

The global crypto market cap stood at $2.15 trillion at the time of writing, registering a 24-hour gain of 1.30 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $57,108.30, registering a 24-hour gain of 1.98 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 49.89 lakh.

Ethereum (ETH) Price Today

ETH price stood at $3,268.95 marking a 24-hour gain of 1.20 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.86 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour jump of 5.41 percent, as per CoinMarketCap data, currently priced at $0.09517. As per WazirX, Dogecoin price in India stood at Rs 8.30.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour dip of 0.83 percent. At the time of writing, it was trading at $74.32. LTC price in India stood at Rs 6,491.44.

Ripple (XRP) Price Today

XRP price stood at $0.5816, seeing a 24-hour jump of 4.61 percent. As per WazirX, Ripple price stood at Rs 50.72.

Solana (SOL) Price Today

Solana price stood at $108.69, marking a 24-hour dip of 1.05 percent. As per WazirX, SOL price in India stood at Rs 9,400. 

Top Crypto Gainers Today (February 28)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Arweave (AR)

Price: $23.64
24-hour gain: 44.29 percent

Pepe (PEPE)

Price: $0.000002648
24-hour gain: 23.34 percent

Gala (GALA)

Price: $0.03928
24-hour gain: 19.24 percent

Injective (INJ)

Price: $40.27
24-hour gain: 10.44 percent

Shiba Inu (SHIB)

Price: $0.00001089
24-hour gain: 6.42 percent

Top Crypto Losers Today (February 28)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Mantle (MNT)

Price: $0.8659
24-hour loss: 7.98 percent

Helium (HNT)

Price: $8.85
24-hour loss: 5.84 percent

Worldcoin (WLD)

Price: $7.40
24-hour loss: 5.13 percent

Theta Network (THETA)

Price: $2.03
24-hour loss: 5.12 percent

Flare (FLR)

Price: $0.04875
24-hour loss: 4.45 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin maintained its position above $56,000 with growing investor confidence. Factors such as increased inflows into spot Bitcoin ETFs and the anticipation of the upcoming halving event have contributed to positive sentiment. The next hurdle for Bitcoin is the $58,000 resistance level, while a solid support is established at $55,900. Meanwhile, Ethereum has seen a positive trend for six consecutive days, achieving a 42% increase in value this month. Ethereum’s resistance is currently at the $3,500 level, and the ongoing momentum suggests a potential test of this resistance soon.”

CoinSwitch Markets Desk noted, “BTC (+0.8%) witnessed a fourth back-to-back day of growth after going to sub $51k levels to test $57.5k for the first time after December 2021— a month after BTC made its all-time highs last time. With price movement approaching $69k, BTC’s all-time peak, the market attention seems to be shifting to altcoins, especially memecoins in the last few days. Popular meme coin PEPE (+24.5%) is showing significant growth and has doubled in this week alone so far.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin’s recent surge has ignited discussions of a climb to $250,000, with technical analysis highlighting resistance levels at $57,486, $58,793, and $60,094, and support at $55,003, $54,184, and $53,445. The RSI signals overbought conditions, hinting at a possible correction. Fibonacci retracement suggests a retracement to $55,928 and potentially $54,980. The 50-day EMA at $52,460 offers historical support. Above $55,922, vigilance is advised, while caution is warranted due to high RSI readings. Green Bitcoin’s Gamified Green Staking introduces sustainability and community engagement, providing a unique investment opportunity.”

Shivam Thakral, CEO of BuyUcoin, said, “After pumping more than 10% a day, Bitcoin is maintaining its new yearly ATH and has not experienced a correction so far. This could be because investors are bullish on the upcoming halving in April, which historically brings a new ATH within a year of the said event due to the supply shock faced by the largest cryptocurrency. However, a slight correction in Bitcoin would benefit Ethereum and Altcoins by reducing Bitcoin dominance.”

Rajagopal Menon, Vice President, WazirX, said, “Bitcoin (BTC) experienced a significant rally, surging 11.5% within the last 24 hours and reaching highs near $57,000. This marks the first time Bitcoin has touched such levels since late 2021. The driving force behind this surge appears to be aggressive buying from Bitfinex traders, who collectively acquired $123 million worth of Bitcoin. The bullish momentum gained additional traction due to a combination of factors. Traders were compelled to unwind their short positions, contributing to the upward pressure on Bitcoin’s price. Concurrently, substantial spot buying activity on one of the major exchanges further reinforced the positive market sentiment.”

CoinDCX Research Team told ABP Live, “In the last 24 hours, BTC and ETH maintained stability, fostering a bullish environment for altcoins. BTC hovered around $57,000, with stable dominance, spurring activity in altcoins, particularly meme tokens like Pepe, Shiba Inu, and Doge. The influx of BTC spot ETFs remained robust, indicating positive market sentiment. ETH traded around the $3,250 mark, while the ETH/BTC pair showed bearish tendencies, resulting in BTC outperforming ETH. Today’s announcement of the US GDP prelim (QoQ) could introduce some volatility into the market.”

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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.