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On March 12, 2025, as of 10.33 am, the cryptocurrency market is up by 1.84%, showing signs of recovery. Bitcoin is trading at $81,876.88 with a 2.53% rise. Analysts believe institutional demand and long-term holder accumulation are key factors behind the current momentum.
Altcoins rallied as XRP leads the recovery with a 4.12% gain. Solana has also seen a slight gain of 0.91% as Ethereum price slowly picks up the pace. Other cryptos like Kaspa (KAS) and Bittensor (TAO) saw substantial gains of up to approximately 12%.
Let's have a look at the current cryptocurrency prices and market trends:
Bitcoin surged to $83,000 during early Asian trading hours and later stabilized at around $81,876.88, marking a significant rise from its recent lows. Bitcoin is trading at $81,876.88, a 2.53% rise in the past 24 hours. The market capitalization of BTC is $1.62 trillion, with a daily volume of $48.17 billion. Analysts expect BTC to test $83,000 soon if bullish sentiment continues.
The current price of Ethereum is $1,865.71, with a slight decline of 0.17% during the past day. The total market capitalization of the currency is $225.02 billion, with 24-hour trades amounting to $24.54 billion. ETH continues to be a cornerstone of decentralized finance and NFTs. The future upgrade of Ethereum would have an impact on investor opinions as it provides solutions to network congestion and fee transactions.
Tether (USDT) holds constant at $0.9995, displaying minor volatility. The market cap for USDT is $143.12 billion with a daily trade volume of $90 billion. As a stablecoin, USDT remains a safe haven investment among traders amid unpredictable market scenarios. It's very high liquidity gives it a significant role in crypto trading.
XRP is at $2.15, up 4.12% over the last 24 hours. The market cap is at $125.23 billion with a $6.81 billion daily volume. Ripple's legal battle against the SEC is still a strong factor in XRP's price. But better news in the case could spell more gains for the token.
BNB sells at $547.77 with a 24-hour gain of 2.27%. It has a market capitalization of $78.04 billion, and its volume over the day is $2.17 billion. Binance is still the subject of various regulatory issues around the world. BNB is one of the most solid top-alts due to its extensive applicability in the Binance chain.
Solana (SOL) is trading at $122.08, up 0.91% in the past day. The market cap is $62.19 billion with a trading volume of $4.36 billion daily. Despite periodic congestion on the network, Solana is still a powerful player in the NFT and DeFi space. With its low fees and fast transactions, Solana is a developer- and investor-friendly option.
Cardano (ADA) trades at $0.7160, up 1.22% over the past 24 hours. Market cap is $25.22 billion, with $1.64 billion in daily volume. Cardano keeps expanding its smart contract features, and it's a serious challenger to Ethereum and Solana. Its continued ecosystem growth may propel additional price increases.
Dogecoin (DOGE) has climbed 2.86% in the past day, reaching $0.1604. Its market capitalization is $23.80 billion, with a $1.88 billion trading volume. DOGE remains popular among retail investors and continues to gain attention from Elon Musk’s social media mentions. The meme coin’s long-term prospects depend on adoption and increased use cases.
TRON (TRX) is at $0.2222, down 3.64% in the past 24 hours. The market capitalization is $21.11 billion, and the 24-hour trading volume is $812.40 million. TRON's increasing DeFi use cases and stablecoin projects have made it a serious contender in the blockchain industry. Yet, market volatility continues to influence its short-term price action.
Pi Network (PI) is currently priced at 1.49 USD, up 8.77% over the past 24 hours. The market cap is $10.70 billion, with a $406.20 million trading volume. Although Pi Network is still in the development stage, the project has attracted a lot of attention based on its innovative mobile mining model. The future listing of PI on exchanges of major size can affect its valuation.
The overall cryptocurrency market capitalization increased by 3.5% to $2.67 trillion and later rose further to $2.68 trillion. The Crypto Fear and Greed Index moved from "Extreme Fear" to "Fear," reflecting a slight improvement in market sentiment. This growth indicates a broader recovery trend. This cryptocurrency market rebound is partly due to the introduction of a Strategic Bitcoin Reserve bill by President Trump in the US House of Representatives.
Despite these positive signs, the market remains volatile, and ongoing geopolitical tensions and economic concerns could impact future performance. However, for now, the market appears to be recovering from recent downturns.
