Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, managed to surpass the $64,000 mark early Wednesday. Other popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) are in the green as the overall market fear and greed index was 60. Reached (Greed) out of 100, according to CoinMarketCap data.of Akash Network (AKT) The token rose more than 12% in 24 hours and emerged as the biggest gainer. OKB was the biggest loser, falling more than 3% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization was $2.33 trillion, registering an increase of 2.89% in 24 hours.
Bitcoin (BTC) price today
According to CoinMarketCap, Bitcoin price was $64,222.65, up 2.37 percent in 24 hours. According to Indian exchange WazirX, the BTC price was 6 million rupees.
Ethereum (ETH) price today
ETH price is $3,111.42, up 2.07% in 24 hours at the time of writing. According to WazirX, the Ethereum price in India was 291,000 rupees.
Dogecoin (DOGE) price today
According to data from CoinMarketCap, DOGE has registered an increase of 2.52% in 24 hours and is currently priced at $0.1576. According to WazirX, Dogecoin price in India was Rs.
Litecoin (LTC) price today
Litecoin rose 3.35% in 24 hours. At the time of writing, it was trading at $79.57. The LTC price in India was 7,332.10 rupees.
Ripple (XRP) price today
XRP price was $0.5001, up 2.52% in 24 hours. According to WazirX, Ripple price was Rs 47.
Solana (SOL) price today
Solana's price was $141.46, an increase of 5.97% in 24 hours. According to WazirX, his SOL price in India was Rs 13,381.
Top crypto earners today (April 17th)
According to data from CoinMarketCap, the top 5 cryptocurrencies that gained in the past 24 hours are:
Akash Network (AKT)
price: $3.99
24 hour increase: 12.90%
Pepe (Pepe)
price: $0.000005403
24 hour increase: 12.44%
Chili's (CHZ)
price: $0.1107
24 hour increase: 11.82%
Sui (SUI)
price: $1.23
24 hour increase: 9.97%
Jasmy coin (JASMY)
price: $0.01898
24 hour increase: 9.76%
Top Cryptocurrency Losers Today (April 17th)
According to CoinMarketCap data, the top 5 crypto losers in the past 24 hours are:
OKB (OKB)
price: $57.72
24 hour increase: 3.34%
Neo (NEO)
price: $18.74
24 hour increase: 2.35 percent
Stack (STX)
price: $2.40
24 hour increase: 1.77%
PENDLE
price: $6.22
24 hour increase: 0.71%
UNUS SED Leo (Leo)
price: $5.87
24 hour increase: 0.59%
What crypto exchanges are saying about the current market scenario
Edul Patel, co-founder and CEO of Mudrex, told ABP Live: “Bitcoin is consolidating at the $63,000 level ahead of the Bitcoin halving.'' he said. For BTC to move into the bullish zone, it needs to break above the $65,000 and $67,000 levels. Immediate resistance lies at $64,800 and then $65,000, and support lies at the $62,800 level. In the past, the price of Bitcoin typically spiked after a halving event, followed by a subsequent correction. However, this time, Bitcoin has already reached a new all-time high, suggesting a correction may occur near the halving. The bull market is likely to continue even after the halving as demand for spot ETFs increases. ”
CoinSwitch Market Desk said, “After Iran-Israel tensions escalated over the weekend, BTC now appears to be trading slowly with the halving news as the key fundamental.” Strong support appears to be forming at $60,000 as BTC continues to outperform most altcoins. For context, ETH/BTC, one of the most traded crypto-volatile pairs, has dropped support at 0.05 BTC per ETH. This could technically go as low as 0.04, meaning BTC could continue to outperform Ethereum, and historically all altcoins, even further. ”
Satvik Vishwanath, co-founder and CEO of Unocoin, said, “The Bitcoin halving event, expected around April 19th or 20th, has a hypothetical impact on Bitcoin price. “This has sparked speculation within the currency community.” This event is known for reducing mining rewards and reducing the supply of new Bitcoin, and has historically caused large price movements. Bitcoin is currently trading around $63,000, with a slight increase of 0.05% over the past 24 hours, and a trading volume of approximately $44 billion. With a market capitalization of approximately $1,239 billion and approximately 19.7 million BTC in circulation, the market is closely monitoring how this halving may affect future price predictions. ”
Shivam Thakral, CEO of BuyUcoin, said: Bitcoin currently holds strong support at $60,000, but losing it could send the price down to $57,000. A retest of the $73,000 resistance is expected after the fourth halving scheduled in two days. However, altcoins can be much more volatile than Bitcoin on average. ”
The CoinDCX research team told ABP Live: “Over the past 24 hours, BTC and ETH have consolidated within their respective ranges and hovered around support levels, while altcoins have mostly traded in the red and mixed.” Technical From a general perspective, the price trend lacked a clear direction or confirmation and showed a sideways movement. We predict that it could act as a subterranean bottom. Negative BTC ETF data showing net outflows adds a bearish tone to market sentiment.”
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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.
