Floki (FLOKI), the memecoin designed to follow Dogecoin (DOGE), saw a jump of more than 42 percent in 24 hours, becoming the top gainer early Tuesday. The sudden rally is believed to have been due to the coin becoming an official partner of the 2023 Badminton Asian Championships. Furthermore, the coin's re-listing on Binance also added to the streak. Bitcoin (BTC) and other major coins including Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC) and Solana (SOL) landed in the red.
The global crypto market capitalization stood at $1.16 trillion at the time of writing, recording a 1 percent 24-hour drop.
Bitcoin (BTC) price today
The Bitcoin price stood at $27,405.35, recording a 24-hour loss of 1.33 percent, according to CoinMarketCap. According to the Indian exchange WazirX, the BTC price stood at Rs 24.82 lakh.
Ethereum (ETH) price today
The ETH price sat at $1829.10, marking a 24-hour drop of 2.09 percent at the time of writing. According to WazirX, the Ethereum price in India stood at Rs 1.63 lakh.
Dogecoin (DOGE) price today
DOGE posted a 24-hour loss of 1.23 percent, according to data from CoinMarketCap, currently trading at $0.07844. According to WazirX, the Dogecoin price in India stood at Rs 7.12.
Litecoin (LTC) price today
Litecoin saw a 24-hour drop of 0.01 percent. At the time of writing this article, it was trading at $87.63. The LTC price in India stood at Rs 7,800.
Ripple Price (XRP) Today
XRP price stood at $0.4599, down 2.26 percent in 24 hours. According to WazirX, the Ripple price stood at Rs 41.20.
Solana (SOL) price today
Solana's price stood at $21.12, representing a 24-hour drop of 3.22 percent. According to WazirX, the SOL price in India stood at Rs 1,917.
Top cryptocurrency gainers today (April 25)
Based on CoinMarketCap data, here are the top five cryptocurrency gainers in the last 24 hours:
Floki (Floki)
Price: $0.00004135
24 hour gain: 42.54 percent
Injective (INJ)
Price: $7.00
24 hour gain: 3.66 percent
WOO Network (WOO)
Price: $0.2541
24 hour gain: 3.64 percent
Chile (CHZ)
Price: $0.124
24 hour gain: 3.22 percent
Nexus (NEXUS)
Price: $0.666
24 hour gain: 2.58 percent
Top Crypto Losers Today (April 25)
Based on CoinMarketCap data, here are the top five cryptocurrency losers in the last 24 hours:
Pancake Exchange (CAKE)
Price: $2.88
Loss of 24 hours: 13.30 percent
MultiversX (EGLD)
Price: $38.15
Loss of 24 hours: 3.65 percent
Polygon (MATIC)
Price: $0.9726
Loss of 24 hours: 3.61 percent
Ghost (FTM)
Price: $0.4118
Loss of 24 hours: 3.35 percent
Flow (FLOW)
Price: $0.8915
Loss of 24 hours: 3.26 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: โBitcoin continued to consolidate below $28,000 on Monday as investors await the US Federal Open Market Committee meeting next week. Support and resistance levels for Bitcoin are estimated to be around $27,100 and $27,650, respectively. If the Bitcoin price falls below the support level, it may find a further drop towards the $26,500 level. The Ethereum price, on the other hand, is unchanged at the $1,800 level."
WazirX Vice President Rajagopal Menon said: โCrypto markets remain cautious as mixed earnings from the tech sector could affect prices. Both the crypto and traditional financial markets (TradFi) are opening up flat. Bitcoin and Ether are down 1.2 percent and 2 percent, respectively. Ether's stagnant position was offset by record inflows of participants who reinvested after the Shanghai update, showing market resilience. On WazirX, IDEX (IDEX) and Floki (FLOKI) have been the top gainers in the last 24 hours.โ
Sathvik Vishwanath, CEO and Co-Founder of Unocoin, said: โBitcoin and Ethereum are being closely watched by investors and traders as they are trading at $27,360 and $1,834, respectively. This comes as the market anticipates next week's FOMC meeting, where interest rates are expected to rise 25 basis points. Bitcoin's performance has outperformed gold, with 1 BTC now equal to 14.7 ounces of gold, up from 9 ounces since the start of the year."
Shivam Thakral, the CEO of BuyUCoin, said: โAfter witnessing a minor downtrend, BTC has rallied above the critical $30,000 mark as positive sentiment around Defi continues to grow. ETH once again touched the $2,100 mark but faced some resistance and pulled back to the $2,095 level. The current rally in the crypto market is driven by macro factors and its momentum depends on favorable factors surrounding financial markets."
Disclaimer: Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not legal tender and is subject to market risk. Readers are advised to seek expert advice and carefully read the offering documents along with relevant relevant literature before making any type of investment. cryptocurrency market predictions are speculative and any investment made will be at the sole risk and account of the readers.
