As of the morning of March 13, the price of Bitcoin continues to trade just under $73,000. On March 12, Bitcoin maintained its tradition of refreshing its all-time high (ATH) daily, surpassing $73,600. On the other hand, the price of Ethereum also continues to fluctuate following the Dencun upgrade, having visited peaks not seen since 2021 before the upgrade. The star of the day was Solana (SOL), the standout of 2023.
Current Bitcoin Status
Bitcoin continued to set records yesterday, as it has throughout the past week. The price of Bitcoin has risen since hitting the local low of 2023 and has visited levels not seen since 2021.
This price recovery fully materialized in February 2024, first surpassing its previous ATH. Yesterday at noon, the price of Bitcoin momentarily rose above the $73,600 level, refreshing its ATH once again.
As of this morning’s writing time, the price of BTC is trading at $73,016, up 1.14%. BTC’s 24-hour trading volume has dropped by 20% to $48.8 billion. The market cap continues to stay above $1.4 trillion.
Latest on Altcoins
Following the successful Dencun upgrade, ETH has experienced price fluctuations, currently trading at $3,957, a 2% decrease. Ethereum’s price was above the critical threshold of $4,000 before the Dencun upgrade.
XRP left behind its recent gains and is moving negatively today. The price of XRP has fallen below $0.68 after a 3.60% drop in the last 24 hours.
Lastly, Cardano (ADA) had a stable appearance. ADA, experiencing only a 0.13% drop, is trading at $0.7519 and continues to hold strong expectations of reaching $1.
Two Stars in the Top 10
The native token of Binance exchange, Binance Coin (BNB), is trading positively. BNB’s price has risen above $600 after a 13.63% increase, currently trading at $612.
Solana (SOL) had experienced a significant drop during the FTX and SBF-related events in November 2022. During this period, the price of SOL had plummeted below $10.
As of 2023, SOL has been on the rise, with its price increasing day by day, even during periods of market stagnation. As of today’s writing time, SOL’s price has seen an 11% increase in the last 24 hours, trading at $167.
Solana’s market cap has surpassed $74 billion during this time. SOL’s 24-hour trading volume has also increased by 17%, exceeding $6.5 billion. Solana had also benefited from the growth of the meme coin ecosystem last year. There is already curiosity about what will happen to the price before and after the upcoming BTC halving.
