Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, managed to cross the $60,000 mark early Wednesday. ○Popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) have experienced a mix of small gains and losses overall as overall market unrest. did. According to CoinMarketCap data, the &Greed Index scored 38 out of 100 (fear). of Nervos Network (CKB) Token was the biggest gainer, rising nearly 19% in 24 hours. The Maker (MKR) token was the biggest loser, dropping more than 3% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization was $2.08 trillion, registering an increase of 2.33% in 24 hours.
Bitcoin (BTC) price today
According to CoinMarketCap, Bitcoin price was $60,324.58, registering an increase of 3.43 percent in 24 hours. According to Indian exchanges, the BTC price stood at Rs 49.04 million.
Ethereum (ETH) price today
ETH price was $2,320.01, up 1.18% in 24 hours at the time of writing. Ethereum price in India was 198,000 rupees.
Dogecoin (DOGE) price today
According to data from CoinMarketCap, DOGE registered an increase of 0.23% in 24 hours and is currently priced at $0.1005. Dogecoin price in India was Rs 8.52.
Litecoin (LTC) price today
Litecoin rose 0.91% in 24 hours. At the time of writing, it was trading at $63.81. The LTC price in India was Rs 5,233.90.
Ripple (XRP) price today
XRP price was $0.5791, down 1.49% in 24 hours. Ripple price in India was 47.96 rupees.
Solana (SOL) price today
Solana price was $130.94, down 0.68% in 24 hours. The SOL price in India was Rs 11,239.17.
Top crypto earners today (September 18th)
According to data from CoinMarketCap, the top 5 cryptocurrencies that gained in the past 24 hours are:
Nervos Network (CKB)
price: $0.01861
24 hour increase: 18.39%
Bitensor (TAO)
price: $323.61
24 hour increase: 11.50%
Immutable (IMX)
price: $1.37
24 hour increase: 10.19%
BEAM
price: $0.01518
24 hour increase: 9.15%
Sui (SUI)
price: $1.18
24 hour increase: 8.74%
Top Cryptocurrency Losers Today (September 18th)
According to CoinMarketCap data, the top 5 crypto losers in the past 24 hours are:
Manufacturer (MKR)
price: $1,474.49
24 hours loss: 3.11%
Arweave (AR)
price: $18.50
24 hours loss: 2.73%
Helium (HNT)
price: $6.74
24 hours loss: 2.30 percent
Internet Computer (ICP)
price: $7.82
24 hours loss: 2.28%
Mantra (OM)
price: $1.05
24 hours loss: 1.95%
What crypto exchanges are saying about the current market scenario
“Bitcoin rose 6.4% on Tuesday, marking its biggest intraday gain since August 8th,” Mudrex co-founder and CEO Edul Patel told ABP Live. From the perspective, BTC briefly attempted the $61,000 mark before investors decided to take some profits.The outcome of the FOMC meeting expected later today will determine the direction of the market. Currently trading at $60,200, the support level for BTC has risen to $59,000 and resistance is at the $61,300 mark.
“After a volatile start to the week, Bitcoin showed resilience yesterday, topping $61,000 before settling around the $65,000 level,” CoinSwitch Market Desk said. BTC posted a solid 5% gain, but the stock market is sending mixed signals and hovering around recent highs. Meanwhile, gold fell more than 0.5%. Today marks a critical moment for financial markets, with the US Federal Reserve making its long-awaited interest rate decision. Federal Reserve Chairman Jerome Powell is expected to announce a possible 50 basis point rate cut, a move most experts had expected. Regardless of the outcome, we expect BTC to be particularly volatile today, with the potential for swings in either direction. Altcoins are also showing strength along with Bitcoin. ”
“Bitcoin’s recent rally reflects market expectations for rate cuts as the FOMC meeting approaches,” said Avinash Shekhar, co-founder and CEO of Pi42. This moment highlights the evolving relationship between traditional finance and cryptocurrencies, posing both challenges and opportunities for the ecosystem. ”
Satvik Vishwanath, co-founder and CEO of Unocoin, said, “Expectations of Federal Reserve rate cuts could impact Bitcoin price.” Investors/traders are focused on two major potential areas: $61,300-$61,400 and $56,900-$57,300. If Bitcoin rises and long sellers fall below 45%, it could be time to short sell. Conversely, if Bitcoin is still in the lower range, it could signal a potential uptrend. A 25 basis point rate cut is widely expected, and deeper rate cuts could support Bitcoin's value in the medium to long term. ”
“Bitcoin has made a spectacular recovery to $60,517, registering a remarkable gain of approximately 4.08% over the past 24 hours,” said Shivam Thakral, CEO of BuyUcoin. This surge reflects broader positive trends in the crypto market, with Ethereum up 2.02%, Solana up 0.38%, and BNB up 2.23%. The market's optimism is fueled primarily by expectations surrounding today's Federal Open Market Committee (FOMC) meeting, which is expected to cut interest rates the most significantly in four years. Current futures pricing indicates a 65% chance of a 50 basis point rate cut. ”
The CoinDCX research team told ABP Live that “the crypto market has seen significant gains in the past 24 hours, with tokens such as SUI, IMX, and FTM increasing by more than 10%.” BTC briefly reached the $61,000 level, but is currently hovering just below that level. This upward move came just ahead of today's announcement of the US federal funds rate. ETH also showed some initial strength, but fell back again as BTC's dominance continued to grow. ”
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Disclaimer: Crypto products and NFTs are unregulated and can be extremely risky. Regulatory remedies may not be available for losses from such transactions. Cryptocurrencies are not legal tender and are therefore subject to market risks. Readers are advised to seek professional advice and carefully read the offer document together with relevant key literature on the subject before making any type of investment. cryptocurrency Market forecasts are speculative and investments are made at the reader's sole expense and risk.
