Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, remained below the $26,000 mark early Wednesday. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — landed in the reds across the board as well. The Astar (ASTR) token went on to become the biggest gainer, with a 24-hour jump of nearly 7 percent. Toncoin (TON) became the biggest loser, with a 24-hour dip of above 4 percent.
The global crypto market cap stood at $1.04 trillion at the time of writing, registering a 24-hour gain of 1 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $25,778.34, registering a 24-hour jump of 0.52 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 22.51 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,633.40, marking a 24-hour jump of 1.23 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.44 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 1.66 percent, as per CoinMarketCap data, currently priced at $0.06422. As per WazirX, Dogecoin price in India stood at Rs 5.54.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 0.10 percent. At the time of writing, it was trading at $63.26. LTC price in India stood at Rs 5,502.04.
Ripple (XRP) Price Today
XRP price stood at $0.5043, seeing a 24-hour loss of 0.01 percent. As per WazirX, Ripple price stood at Rs 44.44.
Solana (SOL) Price Today
Solana price stood at $20.23, marking a 24-hour gain of 4.97 percent. As per WazirX, SOL price in India stood at Rs 1,791.98.
Top Crypto Gainers Today (September 6)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Astar (ASTR)
Price: $0.05591
24-hour gain: 6.59 percent
Solana (SOL)
Price: $20.23
24-hour gain: 5.80 percent
Chainlink (LINK)
Price: $6.26
24-hour gain: 5.57 percent
Synthetix (SNX)
Price: $2.25
24-hour gain: 5.14 percent
Neo (NEO)
Price: $7.44
24-hour gain: 4.87 percent
Top Crypto Losers Today (September 6)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Toncoin (TON)
Price: $1.76
24-hour loss: 4.23 percent
XDC Network (XDC)
Price: $0.05531
24-hour loss: 3.61 percent
Mantle (MNT)
Price: $0.4237
24-hour loss: 3.14 percent
Stellar (XLM)
Price: $0.1222
24-hour loss: 1.45 percent
APENFT (NFT)
Price: $0.000000311
24-hour loss: 1.22 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “In the last 24 hours, Bitcoin traded above the $25,800 threshold following Grayscale Investments’ communication to the US SEC, stating that there were no valid grounds for rejecting its Bitcoin ETF conversion. Furthermore, Coinbase unveiled a new cryptocurrency lending service designed for institutional investors, potentially sparking optimism among those involved in the market. Despite Bitcoin still being 62 percent below its all-time high, it has displayed a year-to-date performance increase of 53 percent. At present, BTC faces resistance at $25,900 and finds support at $25,700. However, it has not yet gathered enough strength to make a definitive move, suggesting that Bitcoin might trade sideways for some period.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “Historically, September is the worst-performing month in BTC’s history, as it seems to observe close to -7 percent of return on average during the month. While BTC (+0.27 percent) and ETH (+0.86 percent) continued to trade in a narrow range, some small and mid-cap cryptos showed high volatility in the last few days. One such crypto is a DEX token called PERP which registered gains of around 80 percent in the last 24 hours. In other news, Coinbase’s layer 2 scaling on Ethereum, BASE, suffered a minor outage which started around 3am IST and was fully resolved only by 6am. Users of the BASE chain were not able to submit any transactions in the mentioned time window. Even though this was the first such incident since the BASE chain went live almost two months ago, any downtime for a blockchain is not healthy from an end-consumer point of view. However, a prominent layer 1 — Solana — is still a popular choice among users even after experiencing several performance-degrading incidents in the past — three in the last 12 months.”
WazirX Vice President Rajagopal Menon said, “Bitcoin traded flat under $26,000 in Asia, while Ether remained below $1,650. The market may be undervaluing the potential impact of US BTC spot ETFs, which could attract significant inflows and buying pressure if approved. If rejected, prices revert to pre-Blackrock news levels, which had revived BTC spot ETF prospects. On WazirX, Standard Tokenization Protocol (STPT) and pNetwork (PNT) have been the top gainers in the last 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The current real-time valuation of Bitcoin is $25,702, showing a minor drop of 1 percent in the last 24 hours. It maintains its top position in the cryptocurrency market with a market cap of around $500.6 billion and a circulating supply of 19,477,231 BTC, approaching its cap of 21 million BTC. Active trading volume is $11.6 billion, raising questions about whether this is a good time for investors. Bitcoin price prediction is uncertain. Trying to break above $26,200, it faces resistance and maintains a bearish outlook. The digital currency is currently trading below $26,000, with indicators pointing to potential further bearish sentiment. On the hourly chart, a bearish trend line around $25,650 is visible, marking immediate resistance, followed by $26,000 and $26,200. A break above $26,200 could lead to a recovery towards $26,500 or even $27,800, but failure to break above $26,000 could result in a decline towards $25,350 with critical support at $25,000 and a potential drop to $24,500.”
Shivam Thakral, the CEO of BuyUCoin, said, “Over the last 24 hours, the crypto market has surged with a 2.38 percent increase, reaching a total volume of $24.7 billion. What’s intriguing is the growing prominence of DeFi, boasting a total volume of $2.19 billion, constituting a substantial 8.86 percent of the entire crypto market’s 24-hour volume. Amidst this crypto fervour, Bitcoin, the benchmark for digital currencies, is holding steady at $25,836.80.”
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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.
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