Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to inch closer to the $27,000 mark early Tuesday. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw minor gains across the board. eCash (XEC) went on to become the biggest gainer, with a 24-hour jump of over 13 percent. Arweave became the biggest loser, with a 24-hour dip of over 2 percent.
The global crypto market cap stood at $1.07 trillion at the time of writing, registering a 24-hour gain of 0.60 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $26,827.60, registering a 24-hour gain of 0.62 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 23 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,634.64, marking a 24-hour gain of 0.25 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.42 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 0.71 percent, as per CoinMarketCap data, currently priced at $0.06225. As per WazirX, Dogecoin price in India stood at Rs 5.31.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 2.80 percent. At the time of writing, it was trading at $66.49. LTC price in India stood at Rs 5,799.96.
Ripple (XRP) Price Today
XRP price stood at $0.5093, seeing a 24-hour jump of 2.41 percent. As per WazirX, Ripple price stood at Rs 44.05.
Solana (SOL) Price Today
Solana price stood at $19.89, marking a 24-hour gain of 3.53 percent. As per WazirX, SOL price in India stood at Rs 1,691.20.
Top Crypto Gainers Today (September 19)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 13.14 percent
24-hour gain: 5.78 percent
24-hour gain: 5.54 percent
24-hour gain: 4.80 percent
24-hour gain: 4.64 percent
Top Crypto Losers Today (September 19)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 2.63 percent
24-hour loss: 2.28 percent
Rocket Pool (RPL)
24-hour loss: 1.55 percent
24-hour loss: 1.21 percent
Theta Network (THETA)
24-hour loss: 1.18 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “In the past 24 hours, Bitcoin surged beyond the $27,000 threshold, reaching its highest point since August 31. This uptick in Bitcoin’s value aligns with the market’s anticipation of the US Federal Reserve’s impending meeting, scheduled for tomorrow, where the expectation is that the Federal Open Market Committee (FOMC) will put a temporary halt to interest rate hikes. Bitcoin has experienced a remarkable 2.50 percent increase this month and an impressive 61 percent gain for the year so far. If this bullish trend persists, it may drive Bitcoin’s value even higher, possibly breaching the $28,000 mark. Overall, the market looks bullish as of now with most cryptocurrencies gaining decent values.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “The crypto market has traded sideways with an upward bias in the last 24 hours. As per CoinGecko, the global crypto M.Cap (+0.8 percent) is around $1.11 trillion. It has been another positive day for BTC (+0.6 percent) as it touched $27,400 before pulling back a little. In fact, the last 8 days have been pretty positive for the crypto market with BTC rising around 10 percent from the local top to bottom.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin broke long-term resistance at $26,800, attributed to a ‘double tap’ pattern visible on the four-hour time frame. Moreover, it broke the previous descending trend line, indicating a potential continuation of the bullish trend. A dominant bullish candle on the 4-hour chart indicates strong bullish momentum, with Bitcoin’s immediate target set around $27,500. If the momentum continues, it could test levels near $27,900 and potentially even reach $28,800. On the downside, $26,800 now acts as key support. A drop below this level may lead to support at $26,300 and further declines could find psychological support at $26,000. In short, $26,800 is a key level to watch. A stay above it indicates a bullish trend, while a drop below it may signal caution and potential short positions.”
Shivam Thakral, the CEO of BuyUCoin, said, “The world’s largest digital asset, Bitcoin crossed the $27,000 mark for the first time in September. The rising number of Bitcoin ETF applications has sparked interest from users across the globe and it may act as a catalyst for the overall growth of the crypto market. After Telegram wallet integration TON has witnessed a mega rally of over 45 percent in just seven days. Rising oil prices and uncertain macroeconomic factors may restrict the market momentum in the coming weeks.”
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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.