Bitcoin Price Hovers Above $103 5n441y 000 as Values of Most Altcoins Rise

Bitcoin is trading at $103,740 (roughly Rs. 88.5 lakh) on international exchanges. 6z3zb

Written by David Delima | Updated: 14 May 2025 12:54 IST

Bitcoin Price Hovers Above $103,000 as Values of Most Altcoins Rise

Photo Credit: Pexels/ Rodnae Productions 4c2q1t

The valuation of the crypto sector stands at $3.38 trillion

Highlights

Ripple, Solana saw gains
Tether, Cardano ed losses
Polkadot, Litecoin logged small profits

ment

Bitcoin's price rose by 1.02 percent over the last 24 hours on international exchanges and the asset was trading at $103,740 (roughly Rs. 88.5 lakh) on Wednesday, according to CoinMarketCap. This is the third day that the price of Bitcoin has remained steady above $103,000 (roughly Rs. 87.9 lakh). On Indian exchanges, Bitcoin rose by less than three percent on Wednesday to trade at $102,712 (roughly Rs. 87.6 lakh). Analysts believe that the asset could face sharp rejection at $106,000 (roughly Rs. 90.4 lakh), highlighting the intense selling pressure at local highs.

"Going forward, market participants should brace for choppier price action, especially if Bitcoin fails to reclaim and consolidate above $105,000 (roughly Rs. 89.6 lakh)," Avinash Shekhar, Co-Founder and CEO of Pi42 told Gadgets 360.

On the other hand, the price of Ether rose by 9.13 percent over the last 24 hours. According to CoinMarketCap, the asset is trading at $2,667 (roughly Rs. 2.27 lakh). This is the first time in over three months that Ether has crossed the crucial $2,500 (roughly Rs. 2.13 lakh) threshold. On Indian exchanges, ETH reflected gains of over 11 percent to trade at $2,623 (roughly Rs. 2.23 lakh).

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"Ethereum is showing strong signs of a trend reversal after an impressive 45 percent rally last week, reclaiming major technical levels and reigniting optimism in the broader altcoin market. ETH has strong resistance at $2,850 (roughly Rs. 2.43 lakh). If it breaks and closes above this level with good volumes, then we can expect prices to rally further up to $3,000 (roughly Rs. 2.56 lakh) and $3,350 (roughly Rs. 2.85 lakh)," ZebPay Trade Desk told Gadgets 360.

The Polkadot were up on Wednesday.

Similarly, the prices of Cronos also rose alongside Bitcoin and Ether.

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"After the recent upswing, Bitcoin is withstanding the bearish pressure. As a result, the altcoins also remain above their respective resistance levels," said the CoinDCX research team.

The overall valuation of the crypto sector surged by 3.15 percent over the last 24 hours. Presently, the crypto market cap stands at $3.38 trillion (roughly Rs. 2,88,43,134 crore), shows CoinMarketCap.

Meanwhile, the prices of a few altcoins were down on Wednesday. These include Zcash.

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Cryptocurrency Prices across Indian exchanges

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Further reading: Zcash

Radhika Parashar

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at [email protected]. More