CRYPTOCURRENCY PRICE TODAY: BITCOIN DIPS TO $64,000 AS TOP COINS LAND IN REDS
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped down to $64,000 early Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the reds across the board as the overall Market Fear & Greed Index stood at 60 (Neutral) out of 100, as per CoinMarketCap data. The EOS token emerged as the biggest gainer of the lot, with a 24-hour jump of over 4 percent. HBAR, which was the biggest gainer yesterday, became the biggest loser today, with a 24-hour dip of over 34 percent.
The global crypto market cap stood at $2.37 trillion at the time of writing, registering a 24-hour gain of 3.54 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $64,223.05, registering a 24-hour dip of 4.23 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 58.30 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,150.10 marking a 24-hour dip of 3.49 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.87 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 7.75 percent, as per CoinMarketCap data, currently priced at $0.1505. As per WazirX, Dogecoin price in India stood at Rs 13.73.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 3.24 percent. At the time of writing, it was trading at $83.58. LTC price in India stood at Rs 7,500.
Ripple (XRP) Price Today
XRP price stood at $0.5264, seeing a 24-hour loss of 4.49 percent. As per WazirX, Ripple price stood at Rs 47.
Solana (SOL) Price Today
Solana price stood at $147.03, marking a 24-hour dip of 7.61 percent. As per WazirX, SOL price in India stood at Rs 13,301.
Top Crypto Gainers Today (April 25)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
EOS (EOS)
Price: $0.898424-hour gain: 4.81 percent
Tron (TRX)
Price: $0.114124-hour gain: 0.43 percent
UNUS SED LEO (LEO)
Price: $5.7724-hour gain: 0.23 percent
BNB (BNB)
Price: $606.5524-hour gain: 0.02 percent
FLOKI (FLOKI)
Price: $3.0624-hour gain: 6.64 percent
Top Crypto Losers Today (April 25)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Hedera (HBAR)
Price: $0.113924-hour gain: 34.80 percent
Starknet (STRK)Price: $1.1824-hour gain: 14.67 percent
dogwifhat (WIF)
Price: $2.8824-hour gain: 14.21 percent
Bonk (BONK)
Price: $0.0000234324-hour gain: 13.37 percent
Worldcoin (WLD)
Price: $4.8224-hour gain: 13.18 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the past 24 hours, Bitcoin has been trading around the $64,000 mark, witnessing a surge in long liquidations. Despite attempts, it has struggled to break through the $67,000 barrier in recent days. The bearish sentiment has been fueled by various factors including Israeli airstrikes, a global credit agency's cautionary note on China, and subdued corporate earnings in the Middle East. However, Bitcoin has managed to hold above the crucial $60,000 threshold, with buyers stepping in to defend the lower levels. Presently, the support for Bitcoin rests at $62,800 while resistance looms at $66,100.”
The CoinSwitch Markets Desk noted, “Bitcoin continues its downside movement for the second day straight as it went below the $64k mark briefly before retracing above the same. With BTC halving now 5 days old, the market leader has traded below $64k for the first time since the halving. Standard Chartered analysts are however claiming that the price action still remains bullish. They also believe that delays in Ethereum ETF are most likely to happen.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin's recent decline has breached its critical support level of $65,000, initiating a correction phase. Priced at $64,223, it represents a slight 0.12% decrease over the past day. Rising geopolitical tensions in the Middle East and the reattachment of the S&P 500 to Bitcoin's price movements add complexity, reflecting broader market sentiment.Concerns persist about a deeper correction with the next support level projected at $61,000, exacerbated by high US interest rates affecting liquidity. However, institutional investors remain bullish, directing funds into BTC via ETFs.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin price nears $70,000 as institutional investment rises, suggesting market recovery. Grayscale's GBTC holds nearly 300,000 bitcoins while new spot bitcoin ETFs emerge. The Bitcoin Improvement Proposal (BIP) process is undergoing a transformation with five new editors designed to accelerate development and strengthen community engagement. Hong Kong launches bitcoin and ether ETFs to compete with the US, using in-kind buybacks for efficiency. Fidelity's Bitcoin ETF attracts record investment of $40 million, showing institutional confidence despite low public participation. The technical outlook pegs Bitcoin at $66,980 with resistance at $67,687 and support at $63,654, suggesting bullish sentiment above $65,825. However, a breach of this pivot point could trigger a downtrend.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin is struggling to maintain its upward momentum amid global tensions and crackdowns on crypto founders by the US DOJ. Yesterday's sell-off dumped Bitcoin below $64,000. We can expect a further sell-off in the short term now that the crucial support of $65,000 is lost. The second largest crypto, Ethereum has been stuck below its resistance of $34,000 which could change once the ETF approval process speeds up.”
CoinDCX Research Team told ABP Live, “Today, the crypto market faced a downturn due to renewed conflict in the Middle East and worries about China's economic health, affecting investor confidence. Additionally, slowed ETF inflows contributed to the negative sentiment. Bitcoin reached $67000 before dropping, currently hovering slightly above $64000 and below the 20 and 50 EMA D. ETH struggled to surpass the crucial $3200 level, encountering resistance at the 20 and 50 EMA D. The outlook appears mixed amidst ongoing events.”
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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.
2024-04-25T05:36:05Z dg43tfdfdgfd