Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to remain above the $43,000 marke early Tuesday. Popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE) — landed in the greens across the board. ORDI (ORDI) became the biggest gainer of the lot, with a 24-hour jump of nearly 55 percent. THORChain (RUNE), on the other hand, emerged to be the biggest loser, with a 24-hour dip of nearly 5 percent.
The global crypto market cap stood at $1.68 trillion at the time of writing, registering a 24-hour gain of 1.15 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $43,463.77, registering a 24-hour gain of 0.72 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 38.20 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,268.95, marking a 24-hour loss of 0.33 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.99 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 1.68 percent, as per CoinMarketCap data, currently priced at $0.09404. As per WazirX, Dogecoin price in India stood at Rs 8.28.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 1.74 percent. At the time of writing, it was trading at $72.50. LTC price in India stood at Rs 6,295.23.
Ripple (XRP) Price Today
XRP price stood at $0.6381, seeing a 24-hour jump of 3.64 percent. As per WazirX, Ripple price stood at Rs 55.75.
Solana (SOL) Price Today
Solana price stood at $119.18, marking a 24-hour gain of 6.49 percent. As per WazirX, SOL price in India stood at Rs 10,400.
Top Crypto Gainers Today (December 26)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
ORDI (ORDI)
- Price: $81.07
- 24-hour gain: 54.65 percent
SATS (1000SATS)
- Price: $0.0009247
- 24-hour gain: 44.69 percent
Sui (SUI)
- Price: $0.8609
- 24-hour gain: 19.22 percent
Axie Infinity (AXS)
- Price: $10.43
- 24-hour gain: 16.91 percent
Sei (SEI)
- Price: $0.4235
- 24-hour gain: 14.80 percent
Top Crypto Losers Today (December 26)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
THORChain (RUNE)
- Price: $5.80
- 24-hour loss: 4.48 percent
Optimism (OP)
- Price: $3.42
- 24-hour loss: 4.08 percent
Mantle (MNT)
- Price: $0.6089
- 24-hour loss: 2.45 percent
Synthetix (SNX)
- Price: $4.06
- 24-hour loss: 2.34 percent
Lido DAO (LDO)
- Price: $2.55
- 24-hour loss: 2.28 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is presently trading above $43,000, having recently undergone testing at the $42,600 zone where bullish trends were observed. A breach above the $43,600 level could lead BTC to the $44,300 mark, with support currently holding at $42,600. The year-to-date performance showcases an impressive 162 percent gain for Bitcoin. Meanwhile, Ethereum is priced at $2,200, indicating an 89 percent increase for the year. Additionally, Solana has also attracted significant investments over the past week due to its continued growth in DeFi and NFT ecosystem and airdrops like BONK going on rallies.”
CoinSwitch Markets Desk noted, “The cryptocurrency market experienced a rise of 1.5% in the last 24 hours, resulting in a total market capitalization of $1.76 trillion. The crypto fear and greed index has been positive for the last 7 days; however, it has decreased by 2 points since yesterday. After making its 18-month high on 8th December, BTC has continuously been consolidating in a rather tight range with both bulls and bears now waiting dormant for a breakout on either end. While bears were hoping for a Christmas correction, no such major move was to be seen as BTC continues to honour the uptrend it has been maintaining for the whole of 2023.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin’s current technical landscape is intricate, marked by cautious anticipation among investors. The BTC/USD pivot point, crucial at $42,797, signifies potential price shifts. Resistance at $45,038, $46,704, and $48,945 is pivotal for Bitcoin’s upward trajectory. Support at $41,162, $38,891, and $37,256 aims to mitigate potential declines. The Relative Strength Index (RSI) at 44 indicates a bearish sentiment without reaching oversold territory, leaving room for a rebound. The Moving Average Convergence Divergence (MACD) at -111.85 aligns with a bearish outlook. However, Bitcoin’s position relative to the 50-Day EMA ($43,313) adds complexity, suggesting a short-term bullish trend if sustained. The triple bottom breakout at $43,445 hints at potential bearish momentum but a breakthrough could signal a bullish reversal.”
CoinDCX Research Team told ABP Live, “Over the weekend, BTC and ETH exhibited sideways movement, while several altcoins continued their uptrend. BTC maintained its position above $43,000, and ETH held above $2,260. Key levels to watch include $44,500 as a crucial resistance level for BTC and $42,500 as a support level. For ETH, $2,380 is a key resistance, and $2,250 serves as a critical support level. In a positive development, the market capitalization of altcoins (excluding BTC and ETH) has surpassed the $500 billion mark, signalling a surge in altcoins. Additionally, the reset in Bitcoin funding rates indicates a potential continuation of the upward rally.”
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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: Cryptocurrency, Insights