Crypto Market: Bitcoin (BTC) Price Today Surges 4% to Reclaim $82K Level; Market Cap Up 3.33% to $2.67T

The crypto market returned in positive territory after a bearish run for 8-9 days. In the last 24 hours, the crypto market cap surged 3.33% to $2.67T

Cryptocurrency Market: After a bearish run for 8-9 days, the crypto market returned in positive territory. In the last 24 hours, the crypto market cap surged 3.33% to $2.67T, tracking gains in heavyweights like Bitcoin, Ethereum, XRP, BNB, Pi Network and others.

According to coinmarketcap.com, the total crypto market volume in the last 24 hours was $119.03B at the time of writing, a 22.74% decrease compared to the previous day trading volume. The total volume in DeFi was around $7.22B, contributing 6.06% of the total crypto market volume. Meanwhile, the stable coins put up $111.6B that is 93.76% of the total crypto market 24-hour volume.

“Bitcoin showcased a relief rally today after Ukraine’s 30-day ceasefire agreement. With a 4% daily gain, Bitcoin has reclaimed the $82,000 level. Given that Bitcoin closed its CME futures gap at $77,900 last week, the next one above $84,200 comes into play. If it sustains above, a clear path to $86,500 is possible from where it will likely remain rangebound,” said Vikram Subburaj, CEO, Giottus Crypto Platform.

Major Cryptocurrencies Price Today

After Ukraine agreed to a 30-day ceasefire, the heavyweights of the crypto market have been trading in green for the past 24 hours.

Bitcoin Price Today: The bitcoin price soared 3.28% to bounce back over the $80,000 mark. At the time of writing, the Bitcoin was trading at $82,103.19, up 3.29%. However, in the past 7 days, the price of the world’s biggest cryptocurrency fell 5.4%.

Ethereum Price Today: Ethereum traded kind of flat in the last 24 hours, with its value jumping just 0.65% to trade at $1,861.67. Yesterday it was down over 10% following heavy selling pressure. In the past seven sessions, the cryptocurrency plunged over 13%.

Solana: The cryptocurrency was trading in positive territory at $122.42 up 1.83% in the last 24 hours. In the last 7 days, it nosdived over 13%.

BNB Price Today: BNB price jumped 2.56% in the last 24 hours to trade at $546.49. However, in the last 7 days it plunged over 6%.

Dogecoin: Dogecoin jumped 3.67% in the last 24 hours to trade at $ 0.1607. Yesterday, its value declined over 10.73%.

“Key altcoins have reacted positively to Bitcoin’s strength with XRP, Dogecoin & Pi gaining 5-7% today while Ethereum, BNB and Solana have remained modest. Bitcoin’s dominance is likely to cool off below 62% if it reclaims key levels, with altcoins showcasing relative strength. Market sentiment has notably improved with the Crypto Fear & Greed Index rising from Extreme Fear (25) to Fear (34),” said Vikram Subburaj.