Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, surpassed the $57,000 mark early Thursday morning. ohPopular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) were all in the positive on the market-wide Fear and Greed Index, hitting a score of 34 out of 100 (Fear), according to data from CoinMarketCap. Injective (INJ) Token It was the biggest gainer in 24 hours, up about 11%, while Toncoin (TON) was the biggest loser, down more than 4% in the same period.
At the time of writing, the global cryptocurrency market capitalization has reached $2 trillion, up 1.30% in 24 hours.
Bitcoin (BTC) Price Today
According to CoinMarketCap, the price of Bitcoin was $57,086.18, up 1.40% in 24 hours. According to Indian exchanges, the price of BTC was Rs 4.843 lakh.
Ethereum (ETH) Price Today
ETH price is at $2,404.65, up 1.49% in 24 hours at the time of writing. Ethereum price in India is Rs 2.06 lakh.
Dogecoin (DOGE) price today
According to data from CoinMarketCap, DOGE has risen 2.17% in the last 24 hours and is currently priced at $0.09688. The price of Dogecoin in India is 7.98 rupees.
Litecoin (LTC) price today
Litecoin has risen by 0.71 percent in 24 hours. It was trading at $65.23 at the time of writing. The LTC price in India was Rs 5,325.75.
Ripple (XRP) Price Today
The price of XRP was at $0.5537, up 0.44 percent in 24 hours. The price of Ripple in India was at Rs 50.18.
Solana (SOL) Price Today
Solana price was at $132.34, up 3.75% in 24 hours. SOL price in India was Rs 11,376.60.
Top Crypto Gains Today (September 5th)
According to data from CoinMarketCap, the top five cryptocurrencies that have increased in value over the past 24 hours are:
Injection (INJ)
price: $17.18
24 hour increase: 10.94 percent
Helium (HNT)
price: $7.88
24 hour increase: 9.68 percent
AAVE
price: $133.60
24 hour increase: 8.40 percent
Conflux (CFX)
price: $0.1329
24 hour increase: 8.03 percent
Starknet (STRK)
price: $0.3942
24 hour increase: 6.70 percent
Today's Biggest Crypto Losers (September 5th)
According to data from CoinMarketCap, the top five cryptocurrencies that fell in the last 24 hours were:
Ton Coin (TON)
price: $4.58
24 hours lost: 4.26 percent
Celestia (TIA)
price: $4.08
24 hours lost: 3.04 percent
Notcoin (NOT)
price: $0.007406
24 hours lost: 2.95 percent
Aptos (APT)
price: $5.95
24 hours lost: 2.56 percent
Mantra (OM)
price: $0.9224
24 hours lost: 2.56 percent
What Crypto Exchanges are saying about the current market scenario
Edur Patel, co-founder and CEO at Madrex, told ABP Live: “Bitcoin has been trading in the range of $55,000 to $65,000 for the past month. It is down 22% from its all-time high of $73,800 but remains 124% higher than a year ago. Currently, Bitcoin lacks a decisive breakout momentum and continues to remain stable. The next key support level is $55,200, where buyers may enter. Meanwhile, resistance is at $58,800, which needs to be broken to further strengthen the bullish momentum. Traders and investors are closely watching these key levels for signs of strength or weakness.”
CoinSwitch Markets Desk noted that “Failing to sustain the $58,000 level, BTC is struggling to hold just above the crucial $57,000 level, giving bulls hope for a reversal at this point. However, attention will be focused on economic data such as the U.S. non-farm payrolls report today, which could spark further volatile moves for Bitcoin.”
Satvik Viswanath, CEO and co-founder of Unocoin, said, “Bitcoin fell 2.78% on Tuesday after testing the 50% retracement level of $59,560 and then faced rejection by dropping another 1.5% to $56,622 on Wednesday. It is now testing the daily support at $56,022. A breakdown and close below this support could see a further drop to around $54,000. Both the Relative Strength Index (RSI) and Awesome Oscillator (AO) are below neutral levels, indicating weak momentum and a likely continuation of the downtrend. Conversely, the bearish outlook could be invalidated if Bitcoin manages to break above $59,560 and close above the 61.8% Fib retracement level of $62,019. In this case, Bitcoin could rise by 5.5% and approach the resistance at $65,379.”
Shivam Thakral, CEO of BuyUcoin, said: “In a surprising development, the crypto market recovered, with Bitcoin up 1%, Ethereum up 1.8% and Dogecoin up 0.9%, achieving market-wide gains in just 24 hours. The recovery follows an earlier sell-off triggered by weak macroeconomic data and concerns over Nvidia's impact on risk assets.”
CoinDCX research team told ABP Live: “The crypto market rallied following the release of weaker than expected US jobs data. BTC remains volatile in the short term but looks bullish in the long term. Most altcoins are following the direction of BTC but some are weaker and underperforming. Tomorrow's US unemployment release is a key event that could further increase market volatility.”
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Disclaimer: Cryptocurrency products and NFTs are unregulated and may be extremely risky. There may be no regulatory remedy for losses from such transactions. Cryptocurrencies are not legal tender and are subject to market risks. Readers are advised to seek professional advice and to carefully read the offer documents and any related material literature before making any type of investment. Cryptocurrency Market forecasts are speculative and any investments are made at the reader's own expense and risk.
