Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $67,000 range, dwelling at around $66,500 at the time of writing. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the reds across the board. The CORE token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 40 percent. The Conflux (CFX) token became the biggest loser, with a 24-hour dip of over 16 percent.
The global crypto market cap stood at $2.52 trillion at the time of writing, registering a 24-hour dip of 5.82 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $66,691.59, registering a 24-hour dip of 5.56 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 58.50 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,365.64, marking a 24-hour dip of 6.83 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.95 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 12.91 percent, as per CoinMarketCap data, currently priced at $0.1879. As per WazirX, Dogecoin price in India stood at Rs 16.81.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 12.87 percent. At the time of writing, it was trading at $95.88. LTC price in India stood at Rs 8,301.04.
Ripple (XRP) Price Today
XRP price stood at $0.5947, seeing a 24-hour loss of 5.25 percent. As per WazirX, Ripple price stood at Rs 52.
Solana (SOL) Price Today
Solana price stood at $183.80, marking a 24-hour dip of 9.39 percent. As per WazirX, SOL price in India stood at Rs 16,845.94.
Top Crypto Gainers Today (April 2)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Core (CORE)
Price: $3.82
24-hour gain: 40.36 percent
Bittensor (TAO)
Price: $539.47
24-hour gain: 5.25 percent
Pendle (PENDLE)
Price: $5.33
24-hour gain: 2.10 percent
Bitget Token (BGB)
Price: $1.07
24-hour gain: 1.64 percent
UNUS SED LEO (LEO)
Price: $6.07
24-hour gain: 0.33 percent
Top Crypto Losers Today (April 2)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Conflux (CFX)
Price: $0.3827
24-hour loss: 16.50 percent
Axelar (AXL)
Price: $1.81
24-hour loss: 14.98 percent
Dogwifhat (WIF)
Price: $3.86
24-hour loss: 14.13 percent
Litecoin (LTC)
Price: $95.39
24-hour loss: 13.88 percent
Pepe (PEPE)
Price: $0.000007338
24-hour loss: 13.56 per cent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin slipped to the $67,000 level amidst strong US data, reinforcing the expectation of a gradual approach by the Federal Reserve towards rate adjustments in June. Nonetheless, Bitcoin has soared by 135 percent in the past year. The upcoming support is anticipated at $66,600, with resistance seen at $68,200. Conversely, Ethereum and the majority of cryptocurrencies are trading in negative territory, aligning with the downturn in equities as investors anticipate potential rate cuts.”
CoinSwitch Markets Desk noted, “The top 20 cryptos by M.Cap. are currently trading in the red. As a result of the market performance in the last 24 hours, the crypto market has observed total liquidations of over $490 million, including BTC’s $134.74 million ($97.22 million in long). After failure to cross the resistance at $71.5K, BTC (-5.4%) went under price correction to $67K levels. If BTC can surpass the new resistance at $68.5K, we could see a fresh positive price action. ETH (-6.6%) has been showing signs of retracement in recent trading sessions. It currently presents potential for upward price performance, although with high volatility. The current dip may offer a strategic entry point for long positions.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin (BTC) continues its ascent towards a potential new all-time high (ATH), stabilizing around the $68,000 mark amid increasing investor confidence. Analysts highlight a crucial resistance level, indicating a pivotal moment for Bitcoin’s short-term trajectory. ETH’s recent price action, ranging from $3,054 to $4,095 between March 11 and 20, underscores the market’s volatility. At $3,357, ETH’s volatile climb prompts cautious optimism among traders, wary of sudden reversals in the ever-changing crypto market.”
CoinDCX Research Team told ABP Live, “In the last 24 hours, the market took a bearish turn following BTC’s highest monthly close, with both BTC and ETH plummeting by over 5%. BTC slipped below the crucial $69,000 level and is now trading below the 20 EMA D, indicating bearish sentiment. ETH also fell below the 20 EMA D but found support at the 50 EMA D, a significant level. Holding above $3300 is crucial to avoid further decline. Attention will be on BTC ETF inflows and US macroeconomic announcements in the coming days.”
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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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