Cryptocurrency Update: Bitcoin Holds Steady at $83,000 on March 17

Cryptonews ASIA, BITCOIN, CRYPTOCURRENCY, DOGE, DOGECOIN, INDIA, MARKET ANALYSIS, MARKET TRENDS, RIPPLE, SOLANA, TRADING VOLUME Clara Montgomery March 17, 2025

Cryptocurrency Update: Bitcoin Holds Steady at $83,000 on March 17

As of March 17, Bitcoin remains stable around $83,000, with a total crypto market cap of $2.72 trillion. BinaryX experienced a significant gain of nearly 54%, while other altcoins recorded mixed results. Expert opinions highlight ongoing market volatility influenced by economic factors, advising caution for investors.

As of March 17, the global cryptocurrency market cap reached $2.72 trillion, marking a decline of 1.29% in the past 24 hours. Bitcoin (BTC) remains stable around $83,000, unable to surpass the $84,000 threshold. Other altcoins, including Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC), exhibited a mix of fluctuating performances while the Market Fear & Greed Index signaled fear at a rating of 22 out of 100, according to CoinMarketCap data.

Bitcoin is currently priced at $83,292.35 with a 24-hour loss of 1.32%. On Indian exchanges, BTC stands at ₹72.37 lakh. Ethereum’s price is $1,899.66, reflecting a 24-hour decline of 1.59%, while its price in India is ₹1.65 lakh. Dogecoin (DOGE) is priced at $0.1726, showing a 24-hour decrease of 2.07%. Litecoin (LTC) experienced a minor gain of 0.56%, trading at $93.08. Ripple (XRP) decreased to $2.34, down by 1.97%, while Solana (SOL) marked a price of $128.41, reflecting a 4.96% drop.

The most notable increase over the past 24 hours was seen with BinaryX (BNX), which gained nearly 54%, bringing its price to $1.75. Other significant gainers include Pancakeswap (SWAP) rising by 9.96%, Berachain (BERA) increasing by 7.50%, OKB gaining 5.57%, and MANTRA (OM) up by 4.38%. Conversely, the top losers were Movement (MOVE), which fell by 7%, Celestia (TIA) with a loss of 6.27%, Pi (PI) declining by 6.20%, Kaspa (KAS) down by 6.06%, and OFFICIAL TRUMP (TRUMP) losing 5.27%.

Industry insights suggest that Bitcoin’s trading pattern remains constrained. Alankar Saxena of Mudrex indicated that Bitcoin is approaching a resistance zone at $85,000. This sentiment is echoed by CoinSwitch, noting Bitcoin’s volatility as it ranges between $82,000 and $84,000. Avinash Shekhar of Pi42 mentioned investor concern regarding the Federal Reserve’s interest rate decision, while Sathvik Vishwanath of Unocoin expressed caution due to institutional sell-offs amounting to nearly $945 million.

Commenting on the market dynamics, Shivam Thakral from BuyUcoin pointed to uncertainties facing financial markets, emphasizing the potential impact of geopolitical issues on investor behavior. Lastly, the CoinDCX Research Team observed slower market activity as both bulls and bears maintain a stalemate, yet noted a potential for bullish volume in the coming weeks.

In conclusion, the cryptocurrency market is currently experiencing instability, with Bitcoin remaining around the $83,000 mark amidst investor caution. The performance of various altcoins remains mixed, and while some tokens have shown notable gains, overall market sentiment is tempered by external economic and geopolitical factors. Investors are advised to remain vigilant as market conditions evolve.

The March 17 cryptocurrency update reveals Bitcoin trading stable around $83,000, while the overall market cap has decreased to $2.72 trillion. Various altcoins exhibited mixed performances, with notable gains from BinaryX and declines from Movement. Insights from industry experts suggest ongoing market volatility influenced by external economic factors. Caution is advised for investors, given fluctuating market conditions and uncertainties regarding the Federal Reserve’s upcoming decisions.

Original Source: news.abplive.com