Ethereum (ETH), the most popular cryptocurrency after Bitcoin (BTC), managed to surpass the $1,600 mark for the first time in more than a week. BTC, on the other hand, remained within the $26,000 range. Other popular altcoins, including Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), are trading sideways across the board. Bitcoin Cash (BCH) became the biggest gainer, jumping more than 6 percent in 24 hours. The Immutable token (IMX) turned out to be the biggest loser, with a drop of almost 4 percent in 24 hours.
The global crypto market capitalization stood at $1.05 trillion at the time of writing, recording a 0.32 percent gain in 24 hours.
Bitcoin (BTC) price today
The price of Bitcoin stood at $26,342.12, recording a 24-hour gain of 0.29 percent, according to CoinMarketCap. According to Indian exchange WazirX, the price of BTC stood at Rs 22.65 lakh.
Ethereum (ETH) price today
The price of ETH stood at $1,603.74, marking a jump of 0.57 percent in 24 hours at the time of writing. According to WazirX, the price of Ethereum in India stood at Rs 1.38 lakh.
Dogecoin (DOGE) price today
DOGE recorded a 0.47 percent drop in 24 hours, according to data from CoinMarketCap, currently priced at $0.06044. According to WazirX, the Dogecoin price in India stood at Rs 5.23.
Litecoin (LTC) price today
Litecoin saw a 1.01 percent loss in 24 hours. At the time of writing, it was trading at $63.30. LTC price in India stood at Rs 5,400.54.
Ripple Price (XRP) Today
The price of XRP stood at $0.4974, down 1.01 percent in 24 hours. According to WazirX, the price of Ripple stood at Rs 42.65.
Solana (SOL) price today
The price of Solana stood at $19.21, representing a gain of 1.02 percent in 24 hours. According to WazirX, SOL price in India stood at Rs 1,664.99.
Top Crypto Gainers Today (September 28)
According to data from CoinMarketCap, these are the top five cryptocurrency gainers in the last 24 hours:
Bitcoin Cash (BCH)
Price: $229.40
24 hour gain: 6.82 percent
Manufacturer (MKR)
Price: $1,485.66
24 hour gain: 5.42 percent
Terra Classic (LUNC)
Price: $0.00006447
24 hour gain: 5.14 percent
Chain Link (LINK)
Price: $7.66
24 hour gain: 4.56 percent
Pepper (PEPPER)
Price: $0.0000007358
24 hour gain: 4.35 percent
Top Crypto Losers Today (September 28)
According to data from CoinMarketCap, these are the top five cryptocurrency losers in the last 24 hours:
Immutable (IMX)
Price: $0.5587
Loss of 24 hours: 3.76 percent
Curved DAO Token (CRV)
Price: $0.5109
Loss of 24 hours: 2.37 percent
1 inch net (1 INCH)
Price: $0.2627
Loss of 24 hours: 2.17 percent
Casper (CSPR)
Price: $0.03089
Loss of 24 hours: 2.04 percent
MultiversX (EGLD)
Price: $23.82
Loss of 24 hours: 2.02 percent
What Crypto Exchanges Say About the Current Market Scenario
Shubham Hudda, Senior Manager at CoinSwitch Markets Desk, said: โBitcoin (BTC, +0.3 percent), in the last 24 hours, showed a small increase, surpassing $26,500 for a brief period before facing resistance in its move. 50 day exponential. Average (50EMA). Markets are demanding a $30,000 level for BTC soon. However, a support level at $26,000 must be maintained to expect an upward move in the short term. On the other hand, the (in)famous Terra LUNA coin or LUNA2 (+20.5 percent) has been pumping. This price action is attributed to the LUNA community approving a proposal that makes them move away from minting new USTC stablecoins, which was supposed to be the stablecoin of the Terra Luna ecosystem, UST. This comes as lawyers for LUNA founder Do Kwon responded to the United States authorities' request for his extradition.โ
Rajagopal Menon, vice president of WazirX, said: โBitcoin and Ethereum have shown a recovery in prices. Market dynamics will change as China slowly begins to adopt cryptocurrencies. The US government shutdown could alter the Federal Reserve's current plans on interest rates, prompting an entirely new approach. โGovernment decisions on crypto regulations could also be changed or delayed due to imminent events.โ
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: โBitcoin is showing a bullish bias as it has recently failed to stay above $26,750. It bounced off the $26,000 support, a crucial psychological level, on the 4-hour chart. The $26,779 mark formed a strong double top pattern that acted as resistance. Although it has recovered from this level, it remains above the $22,000 support. A hold above $26,000 could target $26,750 and potentially $27,450. Leading indicators are showing mixed sentiment with the 50-day EMA around $26,300 and BTC price fluctuating, RSI in the sell zone but MACD presenting bullish signals. The fundamental level of $26,000 will dictate the bullish or bearish trends of Bitcoin that investors should watch closely.โ
Shivam Thakral, CEO of BuyUcoin, said: โThe overall crypto market capitalization saw a jump of 0.5 percent and touched the $1.5 trillion mark. BTC and ETH witnessed a marginal fluctuation in their value and are currently trading at levels of $26,330.60 and $1,603.02 respectively. Fears of a rate hike may keep traders away from riskier assets for some time, but the situation may change if macroeconomic factors turn favorable.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.
