Cryptocurrency Market Update: Bitcoin Surges Past $83,000, Celestia Leads Gains

Cryptonews ASIA, BITCOIN, BTC, CRYPTOCURRENCY, DOGE, ETHEREUM, INDIA, MARKET ANALYSIS, MARKET TRENDS, SOLANA, TRADING VOLUME Omar El-Sharif March 13, 2025

Cryptocurrency Market Update: Bitcoin Surges Past $83,000, Celestia Leads Gains

On March 13, Bitcoin’s price rose above $83,000 with notable altcoin gains despite a dip in the global market cap to $2.7 trillion. Celestia (TIA) emerged as the top gainer with a 14% increase, while Hyperliquid (HYPE) faced losses. Market analysts provided insights on current trading conditions amid global economic factors affecting investor sentiment.

On March 13, the global cryptocurrency market cap decreased to $2.7 trillion, despite Bitcoin’s (BTC) price rising above $83,000, indicating a potential market recovery after a period of declines. Many altcoins, including Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC), also gained value, although the Market Fear & Greed Index remained at 21, reflecting extreme fear among investors. Celestia (TIA) emerged as the top gainer with a significant 14 percent increase, while Hyperliquid (HYPE) saw a nearly 6 percent decrease, making it the largest loser of the day.

Bitcoin’s price was recorded at $83,354.44, representing a 1.91 percent increase over the last 24 hours, with the BTC price in India translating to Rs 80.95 lakh. Ethereum’s price reached $1,874.97, marking a minimal 0.13 percent gain, while Dogecoin (DOGE) saw an increase of 4.67 percent, priced at $0.1693. Litecoin (LTC) was trading at $89.78, with a gain of 0.99 percent, and Ripple (XRP) recorded a 3.28 percent increase, positioning it at $2.24. Solana (SOL) also experienced a modest rise of 1.19 percent, priced at $123.73.

The list of today’s top crypto gainers includes:
1. Celestia (TIA) – Price: $3.64, 24-hour gain: 13.76 percent
2. Pi (PI) – Price: $1.69, 24-hour gain: 13.68 percent
3. Pepe (PEPE) – Price: $0.000007097, 24-hour gain: 12.78 percent
4. Story (IP) – Price: $6.14, 24-hour gain: 11.88 percent
5. Avalanche (AVAX) – Price: $18.97, 24-hour gain: 10.57 percent

In contrast, the top five crypto losers over the past 24 hours are:
1. Hyperliquid (HYPE) – Price: $12.75, 24-hour loss: 5.44 percent
2. Movement (MOVE) – Price: $0.4745, 24-hour loss: 3.32 percent
3. Bittensor (TAO) – Price: $253.16, 24-hour loss: 3.13 percent
4. XDC Network (XDC) – Price: $0.06678, 24-hour loss: 2.75 percent
5. Ethena (ENA) – Price: $0.3642, 24-hour loss: 1.89 percent

Industry analysts have provided insights into the current market situation. Edul Patel, CEO of Mudrex, noted that volatility persists amid global trade tensions, with Bitcoin trading between $80,000 and $84,000. He indicated concerns over prolonged conflicts affecting market behavior. CoinSwitch Markets Desk highlighted the impact of lower-than-expected inflation data, leading to a slight recovery in Bitcoin prices. Furthermore, Avinash Shekhar, CEO of Pi42, discussed the disparity between retail interest and institutional adoption in this volatile environment.

Sathvik Vishwanath, Unocoin’s CEO, emphasized the positive response of Bitcoin to lower-than-expected inflation data and the implications of Federal Reserve policies. Likewise, Shivam Thakral, CEO of BuyUcoin, remarked on Bitcoin’s resilience amidst overall market challenges, supported by strong fundamentals.

Thus, as sentiment shifts towards Bitcoin and altcoins perform positively, investors continue to monitor global economic conditions closely, hoping for stability and further market growth.

In summary, March 13 saw Bitcoin rise above $83,000, indicating a potential recovery in the cryptocurrency market as the global market cap decreased slightly to $2.7 trillion. Notable gains were observed in various altcoins, while some cryptocurrencies experienced losses. Analysts noted the impacts of trade tensions and inflation data on market volatility, with several experts expressing cautious optimism about future trends in the cryptocurrency landscape.

Original Source: news.abplive.com