Bitcoin (BTC) price today: Bitcoin rose above the $86,000 mark

Bitcoin (BTC), the world’s oldest and most valued crypto, rose above the $86,000 mark early Monday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board

Bitcoin (BTC) price rose above the $86,000 mark early Monday. The world’s oldest and most valued crypto has been hovering above the crucial $80,000 level for the past few weeks.

The global crypto market cap stood at $2.83 trillion at the time of writing, registering a 24-hour jump of 2.47 percent. The overall Market Fear & Greed Index stood at 31 (Fear) out of 100, as per CoinMarketCap data.

The SPX token became the biggest gainer, with a 24-hour jump of nearly 19 percent. Tron (TRX) became the biggest loser, with a 24-hour loss of nearly 5 percent.

Here's a look at the top crypto gainers and losers for March 24:

Top Crypto Gainers Today (March 24)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

SPX6900 (SPX)

Price: $0.608624-hour gain: 18.75 percent

Four (FORM)

Price: $1.9424-hour gain: 10.43 percent

Sonic (S)

Price: $0.567324-hour gain: 9.95 percent

Avalanche (AVAX)

Price: $21.4124-hour gain: 9.14 percent

Official Trump (TRUMP)

Price: $11.8224-hour gain: 8.54 percent

Top Crypto Losers Today (March 24)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Tron (TRX)

Price: $0.227424-hour loss: 4.78 percent

Pi (PI)

Price: $0.968424-hour loss: 4.22 percent

Story (IP)

Price: $5.6124-hour loss: 3.51 percent

OKB (OKB)

Price: $50.2124-hour loss: 2.54 percent

Movement (MOVE)

Price: $0.421124-hour loss: 1.58 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Edul Patel, CEO and co-founder, Mudrex said, "Bitcoin surged past the $85,000 mark over the weekend, with bulls maintaining control and defending lower levels. Strong support is established at $81,600, while the next key resistance stands at $87,500. On a yearly chart, Bitcoin has gained over 33% since last March. In contrast, Ethereum has been in a downtrend for the past three months. However, large investors have been steadily accumulating ETH. According to Glassnode, the number of wallets holding at least $100,000 worth of Ether increased from around 70,000 on March 10 to over 75,000 by March 22. Overall, broader macroeconomic concerns continue to weigh on the all markets including crypto. As a result, we could see sideways trading until April."

CoinSwitch Markets Desk noted, "Bitcoin has climbed 2% over the past 24 hours, now trading above the mid-$85,000 range as it continues its consolidation phase. The leading crypto remains tightly bound below $86,000 while holding firm above the $81,000 support level. Market sentiment leans bullish, with 60.52% of Binance Futures traders currently in long positions, indicating expectations of an upside breakout."

Avinash Shekhar, Co-founder & CEO, Pi42, said, "Crypto markets are showing signs of dynamic shifts as liquidity builds and key technical patterns are established. Stablecoin market cap has surged to $220 billion, reflecting strong buying power and anticipation of a bullish reversal. Bitcoin's cup-and-handle breakout has been checked below $115K, with significant support at $83,444, as bulls probe for greater levels of resistance. In contrast, Ethereum's daily burn rate has reached an all-time low, indicating a drop in on-chain activity."

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, "Bitcoin is struggling to break above the 20-day EMA at $85,246, but bulls are holding firm, indicating a possible move higher. A breakout above this level could push BTC/USDT