Bitcoin price today: Bitcoin above $86,000 level on March 24, crypto market in green

Bitcoin price today: Bitcoin is trading above the $86,000 level early morning on March 24 today, on March 24, according to data on CoinMarketCap. The, crypto market overall is also trading in the green, data showed.

According to the CoinSwitch Markets Desk, “Bitcoin has climbed 2 per cent over the past 24 hours, now trading above the mid-$85,000 range as it continues its consolidation phase.”

It added that the token is “holding firm above the $81,000 support level”, adding: “Market sentiment leans bullish, with 60.52 per cent of Binance Futures traders currently in long positions, indicating expectations of an upside breakout.”

“On the network side, Bitcoin’s mining difficulty increased by 1.43 per cent to 113.76 trillion at block height 889,056, nearing historical highs. Meanwhile, Ethereum edged down 0.6 per cent, while XRP and Solana saw gains of 1.8 per cent and 3.1 per cent, respectively,” it added.

Bitcoin Price Today — March 24, 2025

The world's biggest cryptocurrency was $86,126.57 at 6.25 am on March 24, u[ 2.55 per cent over the past 24 hours. Bitcoin registered a market capitalisation of $1.7 trillion and trading volume of $13.81 billion, as per CoinMarketCap data.

Further, according to CoinMarketCap, Bitcoin related exchange-traded funds (ETFs) saw $83 million of inflows due to “strong” institutional interest, which highlighted market confidence and growth in the token. The coin has $94 billion in assets.

In terms of long-term holder confidence, the price tracking website noted a rise in sentiment due to “strong institutional accumulation and a $13 billion whale injection”.

It added that Bitcoin’s dominance in the cryptocurrency market is currently at 60.79 per cent — an increase of 0.30 per cent over the previous day.

Cryptocurrency Market in Green: Ether, Tether, Solana, Dogecoin

As per the website, the global cryptocurrency market cap is at $2.82 trillion on March 24, a 2.15 per cent increase over the last day. And the total crypto market volume over the last 24 hours is $52.02 billion, a 23.89 per cent increase over the past 24 hours.

The total volume in DeFi is currently $6.22 billion — 11.96 per cent of the total crypto market 24-hour volume. Further, he volume of all stable coins is now $48.69 billion, which is 93.59 per cent of the total crypto market 24-hour volume, CoinMarketCap data showed.

According to Avinash Shekhar, Co-founder and CEO, Pi42, “the crypto markets are showing signs of dynamic shifts as liquidity builds and key technical patterns are established.”

He noted that stablecoin market cap has surged to $220 billion, “reflecting strong buying power and anticipation of a bullish reversal”. He also highlighted the “precarious balance between market momentum and investor sentiment”.

“With liquidity rising and major assets at important technical levels, investors are watching intently for confirmation of the next significant move in Bitcoin and Ethereum, positioning for potential volatility and trend reversals to come,” said Shekhar.

• Ethereum: The world's second larget crypto token, Ethereum's Ether coin is at $1,990.25 on March 24, up 0.17 per cent, with market cap of $240.09 billion and trading volume up 39.34 per cent to $8.16 billion.
• Tether: Stablecoin Tether, which is linked to the United States Dollar (USD) was at $1 apiece early on March 24, with market cap of $143.49 billion and trading volume of $41.85 billion, as per data.
• Solana: The crypto token is at $134.75, up 4.59 per cent over the past day, with market cap of $68.9 billion and trading volume of $1.91 billion.
• Dogecoin: Billionaire Elon Musk's favoured meme coin, Dogecoin is at $0.1715 on March 24, up 2.35 per cent. It market cap is at $25.48 billion and trading volume at $608.38 million.

Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.