Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to remain above the $26,000 mark over the weekend. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw minor gains across the board. Chainlink (LINK) went on to become the biggest gainer, with a 24-hour jump of over 11 percent. KAVA became the biggest loser, with a 24-hour dip of over 4 percent.
The global crypto market cap stood at $1.06 trillion at the time of writing, registering a 24-hour gain of 0.24 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $26,642.14, registering a 24-hour gain of 0.43 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 22.77 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,630.89, marking a 24-hour gain of 0.14 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.40 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 0.35 percent, as per CoinMarketCap data, currently priced at $0.06176. As per WazirX, Dogecoin price in India stood at Rs 5.36.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 1.12 percent. At the time of writing, it was trading at $64.70. LTC price in India stood at Rs 5,575.08.
Ripple (XRP) Price Today
XRP price stood at $0.4976, seeing a 24-hour jump of 0.08 percent. As per WazirX, Ripple price stood at Rs 42.62.
Solana (SOL) Price Today
Solana price stood at $19.20, marking a 24-hour gain of 1.11 percent. As per WazirX, SOL price in India stood at Rs 1,658.88.
Top Crypto Gainers Today (September 18)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Chainlink (LINK)
Price: $6.49
24-hour gain: 4.18 percent
ApeCoin (APE)
Price: $1.14
24-hour gain: 3.95 percent
Casper (CSPR)
Price: $0.03481
24-hour gain: 2.87 percent
Nexo (NEXO)
Price: $0.5743
24-hour gain: 2.36 percent
GMX (GMX)
Price: $32.82
24-hour gain: 2.33 percent
Top Crypto Losers Today (September 18)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Kava (KAVA)
Price: $0.6224
24-hour loss: 4.44 percent
IOTA (MIOTA)
Price: $0.1495
24-hour loss: 4.38 percent
Axie Infinity (AXS)
Price: $4.52
24-hour loss: 2.91 percent
XDC Token (XDC)
Price: $0.05259
24-hour loss: 2.87 percent
Toncoin (TON)
Price: $2.33
24-hour loss: 2.77 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin traded above the $26,000 threshold over the weekend. This could possibly be because of a partnership between Deutsche Bank, Germany’s largest lender, and Taurus, a Swiss startup specialising in cryptocurrency security and digital asset tokenisation services. Market participants await the Federal Open Market Committee meeting set for September 20. Bitcoin’s price will next need to breach the $27,400 resistance level for a sustained upward trajectory. Meanwhile, Ethereum maintained its position above $1,600.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “BTC (+0.2 percent) continues to trade above its support level of $26,000. BTC’s recent price action seems to be showcasing very early signs of a bullish trend, especially after asset management giant Franklin Templeton also applied to list a spot BTC exchange-traded fund (ETF). ETH (+0.1 percent) is showing early signs of consolidation near $1,625. However, Ethereum’s developer community hit a snag over the weekend. ETH’s developers failed to start their new test network—Holesky, which was slated to celebrate the first anniversary of last year’s ‘Merge’. The core developer community has now postponed the launch for about two weeks.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin and Ether experienced declines, with Bitcoin trading at approximately $26,500 and Ether maintaining its position above the $1,600 support level. The bankrupt crypto exchange FTX obtained court approval to liquidate its sizable crypto holdings, valued at $3.4 billion. This development has the potential to heighten selling pressure, especially on altcoins. The crypto market remains influenced by the impending liquidation of FTX’s $3.4 billion worth of assets, scheduled to be completed by the end of 2023.”
Shivam Thakral, CEO, BuyUcoin, said, “The crypto market remained calm over the weekend with BTC and ETH showing marginal fluctuation in their value. FTX has finally received court approval to sell its crypto assets which may put pressure on the overall market especially FTT and Solana in the coming weeks. As we approach the mega event of Bitcoin halving, which is due in May 2024, Bitcoin prices are expected to move higher.”
CoinDCX Research Team told ABP Live, “After three consecutive weeks of Doji candlestick patterns on the weekly Bitcoin chart, this week’s positive close suggests a shift in favour of the bulls. However, the ongoing recovery remains in its early stages, and the Federal Open Market Committee meeting on September 20 could introduce volatility. While most expect the Federal Reserve to maintain rates, surprises may emerge during Fed Chair Jerome Powell’s post-decision press conference.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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