Bitcoin (BTC) and Ethereum (ETH), the world’s most valued and second-most valued cryptocurrencies, are struggling hard to remain in the greens on the price charts. As BTC dipped below $19,000 over the weekend, Ethereum failed to rise above the $1,300 mark. Other popular altcoins, including the likes of Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC), saw themselves in the reds across the board. Among lesser-known altcoins, the IOTA (MIOTA) token emerged to be the biggest gainer in the last 24 hours, with a jump of 6.54 percent.
At the time of writing, the global crypto market cap stood at $924.48 billion, marking a 1.28 percent dip in the last 24 hours, as per CoinMarketCap data.
Bitcoin (BTC) price today
Bitcoin price stood at $18,902.63, seeing a 24-hour dip of 0.67 percent, as per CoinMarketCap. As per Indian exchange WazirX, BTC price stood at Rs 16.06 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,304.96, marking a 24-hour loss of 1.67 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.11 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour loss of 2.58 percent as per CoinMarketCap data, currently priced at $0.06161. As per WazirX, Dogecoin price in India stood at Rs 5.19.
Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 2.23 percent. At the time of writing, it was priced at $52.99. LTC price in India stood at Rs 4,480.
Ripple (XRP) price today
XRP price stood at $0.4843, seeing a 24-hour dip of 0.71 percent. As per WazirX, Ripple price stood at Rs 41.
Solana (SOL) price today
Solana price stood at $32.49, marking a 24-hour loss of 4.11 percent. As per WazirX, SOL price in India stood at Rs 2,763.02.
Top crypto gainers today (September 26)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 6.63 percent
24-hour gain: 3.49 percent
Reserve Rights (RSR)
24-hour gain: 3.35 percent
24-hour gain: 2.67 percent
24-hour gain: 1.13 percent
Top crypto losers today (September 26)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Terra Classic (LUNC)
24-hour loss: 18.56 percent
24-hour loss: 8.21 percent
Lido DAO (LDO)
24-hour loss: 7.65 percent
24-hour loss: 6.57 percent
24-hour loss: 6.03 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin continued to trade below the $19,000 level for the past few days. This consolidation shows the uncertainty in the market participants. BTC’s resistance now holds at $19,600, while support lies at $18,000. If BTC can close above the resistance, we might see an early sign of a bullish reversal. The decline in the crypto market comes after the US Federal Reserve raised the interest rates, and concerns around recession are increasing.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “During the weekend, Ethereum lost approximately 4 percent. Even though there were some predictions that post-merger, Ethereum might pose a threat to Bitcoin’s dominance, however, the current situation of the global crypto market suggests otherwise. Approximately 80 percent of the NFT-based coins and tokens ended in the red zone with a loss of 2-5 percent, and the highest gainer was SWEAT, with an approximately 30 percent increase in just 24 hours. The NFT-based coins and tokens might see highly volatile gains soon, as the biggest entertainment industry Disney is ready to jump into the world of NFTs, Web3, and MetaVerse. The recent trends have been that, with multi-industry-based brands accepting the concept of blockchain, the use cases of the crypto coins and tokens will continue to grow and might surpass the market cap of available asset classes.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, “The cryptocurrency market cap continued to be in the red on Monday morning during Asia trading hours with a 0.82 percent decline from the previous day. Similar trends can be seen in both Bitcoin and Ethereum which are trading at $18,800 and $1,300, respectively. Other cryptocurrencies like Cardano, Solana, and Tron are also displaying similar trends. Investor sentiments in the cryptocurrency market have been soft as the US Federal Reserve announced another interest rate hike last week.”
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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