Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to surpass the $26,000 mark early Friday morning. Popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL), posted smaller gains across the board. He Astar (ASTR) The token became the biggest gainer, jumping nearly 5 percent in 24 hours. Synthetic (SNX) became the biggest loser, falling more than 3 percent in 24 hours.
The global crypto market capitalization stood at $1.05 trillion at the time of writing, recording a 0.14 percent gain in 24 hours.
Bitcoin (BTC) price today
The price of Bitcoin stood at $26,283.80, recording a 24-hour gain of 1.87 percent, according to CoinMarketCap. According to Indian exchange WazirX, the price of BTC stood at Rs 22.66 lakh.
Ethereum (ETH) price today
The price of ETH stood at $1,647.17, marking a jump of 0.56 percent in 24 hours at the time of writing. According to WazirX, the price of Ethereum in India stood at Rs 1.43 lakh.
Dogecoin (DOGE) price today
DOGE posted a 0.12 percent gain in 24 hours, according to data from CoinMarketCap, currently priced at $0.06379. According to WazirX, the Dogecoin price in India stood at Rs 5.51.
Litecoin (LTC) price today
Litecoin saw a 0.60 percent jump in 24 hours. At the time of writing, he was trading at $63.55. LTC price in India stood at Rs 5,560.50.
Ripple Price (XRP) Today
The price of XRP stood at $0.5053, with a gain of 0.49 percent in 24 hours. According to WazirX, the price of Ripple stood at Rs 43.99.
Solana (SOL) price today
The price of Solana stood at $19.94, an increase of 0.95 percent in 24 hours. According to WazirX, SOL price in India stood at Rs 1,716.62.
Top Crypto Gainers Today (September 8)
According to data from CoinMarketCap, these are the top five cryptocurrency gainers in the last 24 hours:
Astar (ASTR)
Price: $0.05992
24 hour gain: 4.83 percent
XDC Network (XDC)
Price: $0.05711
24 hour gain: 4.65 percent
Represent (RNDR)
Price: $1.48
24 hour gain: 4.12 percent
IOTA (MIOTA)
Price: $0.1789
24 hour gain: 3.49 percent
Rocket Pool (RPL)
Price: $23.75
24 hour gain: 2.66 percent
Top Crypto Losers Today (September 8)
According to data from CoinMarketCap, these are the top five cryptocurrency losers in the last 24 hours:
Synthetic (SNX)
Price: $2.25
Loss of 24 hours: 3.16 percent
Toncoin (TON)
Price: $1.78
Loss of 24 hours: 2.26 percent
Polygon (MATIC)
Price: $0.5499
Loss of 24 hours: 2.23 percent
dYdX (DYDX)
Price: $2.05
Loss of 24 hours: 2.02 percent
Trusted Wallet Token (TWT)
Price: $0.7975
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 price crossed the $26,000 zone and is currently trading around the $26,200 level. This positive price change could be due to a document published yesterday by the IMF and the G20 Financial Stability Board. The document suggested that a complete ban on all cryptocurrencies would not be effective in the long term and instead recommended using specific rules and a comprehensive monetary strategy. Meanwhile, Ethereum is currently trading above $1,600.โ
Parth Chaturvedi, investment leader at CoinSwitch Ventures, said: โThe cryptocurrency market has rallied for the second day in a row. According to CoinGecko, the global crypto market capitalization, which increased by 1.2 percent, remains above $1.09 trillion. The fear and greed index also rose 5 points since yesterday and is currently in the fear zone with a score of 46/100. Investor sentiment appears to have improved slightly following news that JPMorgan Chase & Co. is exploring a blockchain-based payment and settlement system, a sign that companies are still building on the bearish phase. If implemented, this can promote institutional adoption for the industry.โ
Rajagopal Menon, Vice President at WazirX, said: โBitcoin saw a rally, breaking through the resistance level of $26,000, while Ether made modest gains but remained below $1,650. โJPMorgan aims to develop a blockchain-based digital deposit token for cross-border payments, pending US regulatory approval. These tokens streamline blockchain deposits and offer speed and cost advantages.โ
Shivam Thakral, CEO of BuyUCoin, said: โThe IMF-FSB document highlights key issues associated with the current state of digital assets and calls for sustained implementation of policies to mitigate the risks associated with cryptoassets. Transaction reporting, taxation, licensing of exchanges and monitoring of capital inflows are some of the recommendations in the document which have been prepared following detailed consultation with industry stakeholders. The document was published yesterday and had a positive impact on the cryptocurrency market, as the global cryptocurrency market capitalization is $1.05 trillion, an increase of 1.03 percent from the last day. โCrypto heavyweights like BTC and ETH also rose by 1.76 percent and 0.64 percent, respectively.โ
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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.
