CRYPTOCURRENCY PRICE TODAY (SEPTEMBER 18): BITCOIN RISES ABOVE $60,000, NERVOS NETWORK BECOMES TOP GAINER
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $60,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of minor gains and dips across the board as the overall Market Fear & Greed Index stood at 38 (Fear) out of 100, as per CoinMarketCap data. The Nervos Network (CKB) token emerged to be the biggest gainer of the lot, with a 24-hour jump of nearly 19 percent. The Maker (MKR) token became the biggest loser, with a 24-hour dip of over 3 percent.
The global crypto market cap stood at $2.08 trillion at the time of writing, registering a 24-hour jump of 2.33 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $60,324.58, registering a 24-hour jump of 3.43 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 49.04 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,320.01, marking a 24-hour gain of 1.18 percent at the time of writing. Ethereum price in India stood at Rs 1.98 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 0.23 percent, as per CoinMarketCap data, currently priced at $0.1005. Dogecoin price in India stood at Rs 8.52.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.91 percent. At the time of writing, it was trading at $63.81. LTC price in India stood at Rs 5,233.90.
Ripple (XRP) Price Today
XRP price stood at $0.5791, seeing a 24-hour dip of 1.49 percent. Ripple price in India stood at Rs 47.96.
Solana (SOL) Price Today
Solana price stood at $130.94, marking a 24-hour loss of 0.68 percent. SOL price in India stood at Rs 11,239.17.
Top Crypto Gainers Today (September 18)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Nervos Network (CKB)
Price: $0.0186124-hour gain: 18.39 percent
Bittensor (TAO)
Price: $323.6124-hour gain: 11.50 percent
Immutable (IMX)
Price: $1.3724-hour gain: 10.19 percent
Beam (BEAM)
Price: $0.01518 24-hour gain: 9.15 percent
Sui (SUI)
Price: $1.1824-hour gain: 8.74 percent
Top Crypto Losers Today (September 18)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Maker (MKR)
Price: $1,474.4924-hour loss: 3.11 percent
Arweave (AR)
Price: $18.5024-hour loss: 2.73 percent
Helium (HNT)
Price: $6.7424-hour loss: 2.30 percent
Internet Computer (ICP)
Price: $7.8224-hour loss: 2.28 percent
Mantra (OM)
Price: $1.0524-hour loss: 1.95 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin saw its biggest intraday increase since August 8th jumping up 6.4% on Tuesday. With optimism around the Fed rate cut, BTC briefly attempted the $61,000 mark before investors decided to book some profits. The FOMC meeting outcome expected later today will decide the direction of the market. Currently trading at $60,200, BTC’s support levels have moved up to $59,000 and resistance at the $61,300 mark.”
CoinSwitch Markets Desk noted, “After a shaky start to the week, Bitcoin showed resilience yesterday, breaking above $61k before settling around the $60.5k level. BTC posted a solid 5% gain, while stock markets gave mixed signals, hovering near recent highs. Meanwhile, gold slipped by more than half a percent. Today marks a crucial moment for financial markets, with the US Federal Reserve’s long-awaited interest rate decision. Fed Chairman Jerome Powell is set to announce a potential 50 basis point rate cut—a move anticipated by the majority of experts. Regardless of the outcome, today is expected to bring heightened volatility, especially for BTC, which could swing in either direction. Altcoins are also showing strength alongside Bitcoin.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “As we approach the FOMC meeting, Bitcoin's recent surge reflects the market's anticipation of interest rate cuts. This moment underscores the evolving relationship between traditional finance and crypto, presenting both challenges and opportunities for the ecosystem."
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The expectation of a Federal Reserve rate cut could affect Bitcoin’s price. Investors / traders have focused on two main potential areas: $61,300-$61,400 and $56,900-$57,300. If Bitcoin rises and long sellers break below 45%, it could signal a period of short selling. Conversely, if Bitcoin is still in the lower range, it could signal a potential uptrend. A 25 basis point rate cut is widely expected, and a deeper cut could support Bitcoin’s value in the medium to long term.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin has impressively rebounded to $60,517, marking a notable gain of approximately 4.08% in the last 24 hours. This surge reflects a broader positive trend in the crypto market, with Ethereum rising by 2.02%, Solana by 0.38%, and BNB by 2.23%. The optimism in the market is largely fueled by anticipation surrounding today's Federal Open Market Committee (FOMC) meeting, where a significant interest rate cut is expected for the first time in four years. Current futures pricing indicates a 65% likelihood of a 50 basis-point cut.”
CoinDCX Research Team told ABP Live, “In the last 24 hours, the crypto market saw decent gains, with tokens like SUI, IMX, and FTM rising by over 10%. BTC briefly touched the $61,000 level and is currently hovering slightly below it. This upside move comes just ahead of today's U.S. Federal Funds rate announcement. ETH also showed initial strength but retraced again, as BTC dominance continues to rise.”
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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.
2024-09-18T05:42:42Z dg43tfdfdgfd