Bitcoin (BTC), the world's oldest and most valued cryptocurrency, accelerated as it surpassed the $45,000 mark for the first time since April 2022. Popular altcoins including Ethereum (ETH), Ripple (XRP), Litecoin (LTC) , Solana (SOL) and Dogecoin (DOGE) โ made notable gains across the board. The SEI token became the biggest winner of the lot, jumping more than 30 percent in 24 hours. The Maker token (MKR), on the other hand, became the biggest loser with a drop of more than 3 percent in 24 hours.
The global crypto market capitalization stood at $1.74 trillion at the time of writing, registering a 5.85 percent jump in 24 hours.
Bitcoin (BTC) price today
The price of Bitcoin stood at $45,217.89, registering a jump of 6.70 percent in 24 hours, according to CoinMarketCap. According to Indian exchange WazirX, the price of BTC stood at Rs 39.55 lakh.
Ethereum (ETH) price today
The price of ETH stood at $2,388.02, marking a gain of 4.68 percent in 24 hours at the time of writing. According to WazirX, the price of Ethereum in India stood at Rs 2.10 lakh.
Dogecoin (DOGE) price today
DOGE recorded a 4.49 percent jump in 24 hours, according to data from CoinMarketCap, currently priced at $0.09315. According to WazirX, the Dogecoin price in India stood at Rs 8.17.
Litecoin (LTC) price today
Litecoin recorded a gain of 3.46 percent in 24 hours. At the time of writing, it was trading at $75.08. LTC price in India stood at Rs 6,562.
Ripple Price (XRP) Today
The price of XRP stood at $0.6343, up 3.61 percent in 24 hours. According to WazirX, the price of Ripple stood at Rs 55.60.
Solana (SOL) price today
The price of Solana stood at $112.52, representing a gain of 9.85 percent in 24 hours. According to WazirX, SOL price in India stood at Rs 9,824.29.
Top Crypto Gainers Today (January 2)
According to data from CoinMarketCap, these are the top five cryptocurrency gainers in the last 24 hours:
six six)
Price: $0.7588
24 hour gain: 30.69 percent
my my)
Price: $1.64
24 hour gain: 23.42 percent
WEMIX (WEMIX)
Price: $2.99
24 hour gain: 21.58 percent
Astar (ASTR)
Price: $0.1642
24 hour gain: 21.50 percent
Sui (SUI)
Price: $0.8891
24 hour gain: 16.56 percent
Top Crypto Losers Today (January 2)
According to data from CoinMarketCap, these are the top five cryptocurrency losers in the last 24 hours:
Manufacturer (MKR)
Price: $1,651.03
Loss of 24 hours: 3.13 percent
Helium (HNT)
Price: $6.97
Loss of 24 hours: 2.05 percent
Axelar (AXL)
Price: $1.17
Loss of 24 hours: 1.66 percent
Neo (NEO)
Price: $14.08
Loss of 24 hours: 1.58 percent
ONE BUT I LEO (LEO)
Price: $3.98
Loss of 24 hours: 0.94 percent
What Crypto Exchanges Say About the Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: โBitcoin has started the new year trading above the $45,000 level, driven by growing anticipation for the approval of Bitcoin spot ETFs. Over the past three days, BTC has demonstrated a strong upward trend, resulting in a notable 6 percent gain in the past 24 hours. If the current bullish momentum persists, Bitcoin could reach $46,300 and subsequently $47,600; However, without sustained support, the retracement level is expected to be $43,700. The global crypto market capitalization also saw a 4 percent increase in the past day, with many cryptocurrencies showing substantial gains. The market remains firmly dominated by an uptrend.โ
Rajagopal Menon, Vice President of WazirX, said: โThe year starts with bullish signs as BTC and ETH surged by 6.69 percent and 4.19 percent in the last 24 hours. ETF approvals for Ethereum and Bitcoin have continued to cause their prices to rally, keeping the momentum of their price increases stable. Ethereum's technical upgrades to reduce gas fees for higher transactions will also create a sense of optimism among investors. The 1inch token has shown impressive performance at the end of the previous year by allowing investors access to liquidity. Its 25 percent price increase in the last 24 hours along with low volatility potential also indicates continued bullish sentiment.โ
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: โBitcoin's recent rally has placed it at $44,700, surpassing the resistance levels discussed above. The cryptocurrency's positive momentum challenges the bearish outlook presented yesterday and is now trading comfortably above the critical level of $42,965. A breakout of the resistance points at $43,857, $44,679, and $45,962 indicates potential strength in the uptrend. The Relative Strength Index (RSI) at 39 previously indicated caution, but recent price gains add optimism. Despite holding below the 50-day EMA, now at $42,983, Bitcoin's ability to resist a bearish engulfing pattern near $42,985 suggests resistance. โAscending trendline support at $41,750 remains a crucial defense, shaping a more bullish near-term outlook amid evolving market momentum.โ
Shivam Thakral, CEO of BuyUcoin, said: โBitcoin started 2024 on a strong note as it surpassed the $45,000 mark for the first time since April 2022. The overall crypto market capitalization jumped to the $1 mark, 75 billion with Bitcoin and Ethereum leading the effort. Growing optimism around the SEC's approval of the ETF is fueling the current market rally, as there are some reports from Reuters that approval could come this week. The latest surge is a broader cryptocurrency market rally with most altcoins witnessing a healthy rise in their prices.โ
The CoinDCX research team told ABP Live: โAs excitement around the BTC Spot ETF grows and the halving approaches, BTC kicked off the new year in 2024 by hitting a new high of $45,000, the first time since 2022. From a technical perspective, BTC outperformed successfully breached significant resistance at $44,500. , is now targeting new resistance levels at $45,800 and $48,000. The previous resistance at $44,500 could act as support, providing confirmation of the uptrend through a retest."
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Disclaimer: Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for any losses arising from such transactions. Cryptocurrency is not legal tender and is subject to market risks. Readers are advised to seek expert advice and carefully read the offering documents along with relevant relevant literature on the subject before making any type of investment. Cryptocurrency Market predictions are speculative and any investment made will be at the sole risk and expense of the readers.
