Cryptocurrency Price on March 14: Bitcoin hits fresh all-time high of $73,700; BNB, Solana jump up to 14%
cryptocurrency by value, hit a new record high at $73,700 on Thursday, led by a flood of cash into new spot bitcoin exchange-traded funds as well as hopes that the Federal Reserve will soon cut interest rates. It was last 0.7% higher at $70,496 at 12:43 pm IST.
Meanwhile, the global cryptocurrency market cap surged 0.9% to reach around $2.75 trillion in the last 24 hours.
Other popular crypto tokens such as BNB (13.8%), Solana (9.6%), Dogecoin (7%), Avalanche (4.1%), Polygon (3.6%), and Shiba Inu (1.3%) surged. On the other hand, Ethereum, XRP, Toncoin, and Uniswap declined.
«The positive momentum in the market is attributed to growing interest in Bitcoin spot ETFs and approaching Bitcoin halving event, which has historically impacted the price of Bitcoin,» said Edul Patel, CEO of Mudrex.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»However, amid the ongoing rally in Bitcoin and other crypto tokens, some market analysts are advising investors to maintain a cautious approach. The fear and greed index currently sits at 91, signaling extreme greed in the market.
«With another day of BTC hitting
Agency probes Philadelphia fatal crash involving Ford that may have been running on automated system
