CRYPTOCURRENCY PRICE TODAY: BITCOIN REMAINS STABLE AT $64,000, TONCOIN BECOMES TOP COIN
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to remain stable at $64,000 early Friday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens as the overall Market Fear & Greed Index stood at 59 (Greed) out of 100, as per CoinMarketCap data. The Toncoin (TON) token emerged as the biggest gainer of the lot, with a 24-hour jump of over 18 percent. Maker (MKR) became the biggest loser, with a 24-hour dip of over 4 percent.
The global crypto market cap stood at $2.32 trillion at the time of writing, registering a 24-hour gain of 4.21 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $64,551.01, registering a 24-hour gain of 5.60 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 58.81 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,117.04, marking a 24-hour gain of 4.83 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.82 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 6.57 percent, as per CoinMarketCap data, currently priced at $0.1543. As per WazirX, Dogecoin price in India stood at Rs 14.10.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 2.71 percent. At the time of writing, it was trading at $81.52. LTC price in India stood at Rs 7,264.09.
Ripple (XRP) Price Today
XRP price stood at $0.50, seeing a 24-hour jump of 2 percent. As per WazirX, Ripple price stood at Rs 46.19.
Solana (SOL) Price Today
Solana price stood at $144.03, marking a 24-hour gain of 10.28 percent. As per WazirX, SOL price in India stood at Rs 13,000.
Top Crypto Gainers Today (April 19)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Toncoin (TON)
Price: $6.9124-hour gain: 18.50 percent
Neo (NEO)
Price: $19.2624-hour gain: 16.97 percent
dogwifhat (WIF)
Price: $2.7024-hour gain: 15.17 percent
Celestia (TIA)
Price: $10.9024-hour gain: 14.68 percent
Gala (GALA)
Price: $0.0457324-hour gain: 14.32 percent
Top Crypto Losers Today (April 19)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Maker (MKR)
Price: $2,942.2824-hour gain: 7.77 percent
Core (CORE)
Price: $1.9224-hour gain: 7.46 percent
Chiliz (CHZ)
Price: $0.10524-hour gain: 6.79 percent
Nervos Network (CKB)
Price: $0.01957 24-hour gain: 6.40 percent
Polygon (MATIC)
Price: $0.653324-hour gain: 3.27 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin hits $60,000 amid Israeli-Iranian clashes, sparking risk aversion. Geopolitical concerns prompt a flight to safety, dragging down cryptocurrencies and US stocks. Powell's hint of deferred rate cuts adds to market jitters. Bitcoin eyes $58,300 support and $62,300 resistance on recovery. Meanwhile, Ethereum slips below $3,000.”
CoinSwitch Markets Desk noted, “With BTC halving less than one day away, BTC is testing its support at $60k for the third time in a week with market participants already factoring in a dump which has historically been the case after most BTC halving events. While the overall crypto market cap is trading at a 2 percent discount from yesterday at $2.2 trillion, a $2 trillion market cap can be next looked at as the next psychological support level for the markets. Another crypto to look out for on the halving day 4/20 could be DOGE, as April 20th is celebrated as Doge Day by many in the crypto space. DOGE is trading 5% down from its previous day.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin (BTC) faces turbulence, slipping below $60,000 support amidst Middle East tensions. Dropping 5.44% in two hours, it hit $59,698 before rebounding to $61,352. A breach to $59,000 could trigger $243 million in long liquidations. Geopolitical unrest, with explosions at Isfahan airport, adds pressure. The impending halving event compounds uncertainty. The Fear and Greed Index dives 13 points to 66.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin price fell 1.74% to $60,547 amid volatile market conditions, prompting traders and analysts to closely monitor trends for Bitcoin price predictions. Despite the slump, Bitcoin maintains its dominance with a trading volume of $40.55 billion and a market cap approaching $1.19 trillion. Technical analysis reveals that Bitcoin is facing challenges, with a pivot point at $62,216 and resistance levels at $64,606, $67,695 and $70,959. Support levels are at $59,418, $56,271 and $53,182. The Relative Strength Index (RSI) at 40 indicates potential oversold, while the 50-day EMA at $65,415 acts as resistance. Bitcoin outlook remains bearish below $62,216 with a possible shift to bullish sentiment if this line is breached.”
Shivam Thakral, CEO of BuyUcoin, said, “The world's largest cryptocurrency is trading around $62,000 which is acting as a temporary support. Over the last few hours, $34.03 million in Bitcoin long positions have been liquidated. But the overall sentiment remains bullish as on-chain metrics show that over $1.7 billion worth of BTC have been accumulated by holders in the last few days.”
CoinDCX Research Team told ABP Live, “In the last 24 hours, both BTC and ETH experienced a decline of over 3%, while some altcoins showed slight recovery, most followed BTC's trajectory with a drop. The reasons behind this fall could be attributed to geopolitical tensions, as well as the upcoming BTC halving, historically known for inducing high volatility. Negative ETF data also contributed to market sentiment. From a technical perspective, there's still no clear signal of a reversal indicating bullishness. However, historical patterns suggest that prices tend to rise in the weeks following a halving event. So, looking at the broader timeframe, the market remains bullish.”
Subscribe And Follow ABP Live On Telegram: t.me/officialabplive
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.
2024-04-19T07:49:59Z dg43tfdfdgfd