Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, kicked into top gear as it drove above the $45,000 mark for the first time since April 2022. Popular altcoins — including the likes of Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Solana (SOL), and Dogecoin (DOGE) — saw a notable gains across the board. The SEI token went on to become the biggest gainer of the lot, with a 24-hour jump of over 30 percent. The Maker (MKR) token, on the other hand, became the biggest loser with a 24-hour dip of over 3 percent.
The global crypto market cap stood at $1.74 trillion at the time of writing, registering a 24-hour jump of 5.85 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $45,217.89, registering a 24-hour jump of 6.70 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 39.55 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,388.02, marking a 24-hour gain of 4.68 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.10 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 4.49 percent, as per CoinMarketCap data, currently priced at $0.09315. As per WazirX, Dogecoin price in India stood at Rs 8.17.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 3.46 percent. At the time of writing, it was trading at $75.08. LTC price in India stood at Rs 6,562.
Ripple (XRP) Price Today
XRP price stood at $0.6343, seeing a 24-hour jump of 3.61 percent. As per WazirX, Ripple price stood at Rs 55.60.
Solana (SOL) Price Today
Solana price stood at $112.52, marking a 24-hour gain of 9.85 percent. As per WazirX, SOL price in India stood at Rs 9,824.29.
Top Crypto Gainers Today (January 2)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Sei (SEI)
- Price: $0.7588
- 24-hour gain: 30.69 percent
Mina (MINA)
- Price: $1.64
- 24-hour gain: 23.42 percent
WEMIX (WEMIX)
- Price: $2.99
- 24-hour gain: 21.58 percent
Astar (ASTR)
- Price: $0.1642
- 24-hour gain: 21.50 percent
Sui (SUI)
- Price: $0.8891
- 24-hour gain: 16.56 percent
Top Crypto Losers Today (January 2)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Maker (MKR)
- Price: $1,651.03
- 24-hour loss: 3.13 percent
Helium (HNT)
- Price: $6.97
- 24-hour loss: 2.05 percent
Axelar (AXL)
- Price: $1.17
- 24-hour loss: 1.66 percent
Neo (NEO)
- Price: $14.08
- 24-hour loss: 1.58 percent
UNUS SED LEO (LEO)
- Price: $3.98
- 24-hour loss: 0.94 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has kicked off the new year by trading above the $45,000 level, driven by growing anticipation for the approval of Bitcoin spot ETFs. Over the last three days, BTC has demonstrated a strong upward trend, resulting in a notable 6 percent gain in the past 24 hours. Should the current bullish momentum persist, Bitcoin could reach $46,300 and subsequently $47,600; however, without sustaining support, the fallback level is expected at $43,700. The global crypto market cap has also experienced a 4 percent increase in the last day, with many cryptocurrencies showcasing substantial gains. The market remains firmly in the grip of a bullish trend.”
Rajagopal Menon, Vice President, WazirX, said, “The year starts with bullish signals as BTC and ETH are up by 6.69 percent and 4.19 percent in the last 24 hours. ETF approvals for Ethereum and Bitcoin have continued to spark its price rally, keeping the momentum steady for its price rises. Ethereum’s technical upgrades to reduce gas fees for higher transactions are also set to bring in a sense of optimism among investors. 1inch token has shown an impressive performance with the conclusion of the previous year by enabling liquidity access for investors. It’s 25 percent price increase in the last 24 hours along with low volatility potential also indicates an ongoing bullish sentiment.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin’s recent rally has placed it at $44,700, breaking above previously discussed resistance levels. The cryptocurrency’s positive momentum challenges the bearish outlook presented yesterday and is now trading comfortably above the critical $42,965 level. A break of the resistance points at $43,857, $44,679 and $45,962 signals potential strength in the uptrend. The Relative Strength Index (RSI) at 39 previously indicated caution, but recent price gains add optimism. Despite staying below the 50-day EMA, now at $42,983, Bitcoin’s ability to resist a bearish engulfing pattern near $42,985 suggests resilience. The ascending trendline support at $41,750 remains a crucial defense, shaping a more bullish near-term outlook amid evolving market momentum.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin started 2024 on a strong note as it surpassed the $45,000 mark for the first time since April 2022. The overall crypto market cap jumped to the $1.75 trillion mark with Bitcoin and Ethereum leading the effort. The growing optimism around the ETF approval by the SEC is driving the current market rally as there are some reports from Reuters that approval may come this week. The latest surge is a broader crypto market rally with most of the altcoins witnessing a healthy surge in their prices.”
CoinDCX Research Team told ABP Live, “As the excitement around the BTC spot ETF grows and the halving approaches, BTC kicked off the new year in 2024 by reaching a fresh high of $45,000, marking the first time since 2022. From a technical perspective, BTC successfully surpassed a significant resistance at $44,500, now aiming for new resistance levels at $45,800 and $48,000. The previous resistance at $44,500 could act as a support, providing confirmation of the bullish trend through a retest.”
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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.
Tags: Crypto News, Cryptocurrency, Insights