Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, remained below the $27,000 mark early Wednesday. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the red across the board. The Maker (MKR) token went on to become the biggest gainer, with a 24-hour jump of over 5 percent. Aptos (APT) became the biggest loser, with a 24-hour dip of over 5 percent.
The global crypto market cap stood at $1.05 trillion at the time of writing, registering a 24-hour dip of 0.46 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $26,269.87, registering a 24-hour loss of 0.30 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 22.49 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,594.92, marking a 24-hour jump of 0.22 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.36 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 0.29 percent, as per CoinMarketCap data, currently priced at $0.06106. As per WazirX, Dogecoin price in India stood at Rs 5.26.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 1.25 percent. At the time of writing, it was trading at $64.01. LTC price in India stood at Rs 5,450.
Ripple (XRP) Price Today
XRP price stood at $0.5022, seeing a 24-hour dip of 0.70 percent. As per WazirX, Ripple price stood at Rs 43.27.
Solana (SOL) Price Today
Solana price stood at $19.01, marking a 24-hour loss of 2.29 percent. As per WazirX, SOL price in India stood at Rs 1,650.01.
Top Crypto Gainers Today (September 27)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 5.66 percent
24-hour gain: 1.68 percent
24-hour gain: 1.58 percent
Bitcoin Cash (BCH)
24-hour gain: 1.50 percent
24-hour gain: 1.32 percent
Top Crypto Losers Today (September 27)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 5.76 percent
24-hour loss: 3.92 percent
UNUS SED LEO (LEO)
24-hour loss: 3.92 percent
24-hour loss: 3.52 percent
XDC Network (XDC)
24-hour loss: 3.38 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin’s price has recently solidified its position above the $26,100 level, and this development may be attributed to the US 10-year Treasury yield surging to 4.55 percent, matching its highest level in approximately 16 years. This significant rise in interest rates has had a similar impact on the equity markets. Bitcoin has recorded a 0.58 percent increase in value this month, contributing to an impressive 58 percent gain over the year so far. Meanwhile, Ethereum continues to trade within the range of $1,550 to $1,600. In other news, four members of the House Financial Services Committee have called on the SEC to expedite the approval of ETF applications.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “In the last 24 hours, BTC has traded flat as it tries to find support near the $26,000 mark and trading in a very narrow range of less than 2 percent. While its reward-halving event is getting closer, the Bitcoin blockchain has achieved a new milestone as the total number of transactions on the blockchain has surpassed 900 million transactions. It is important to note that Bitcoin volumes on centralized exchanges have hit its 5-year low. The last time we saw this was in Sep 2018 when Bitcoin was nearing the close of its bear cycle.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin’s low volatility might be affecting its trading volumes as traders start losing interest due to lack of higher gains. An indefinite timeline for Bitcoin’s ETF approval is also dampening the spirit of traders. However, Microstrategy’s latest Bitcoin purchase has infused some positive sentiment in the market, taking it above $26,000. The Fed has also hinted at possibly higher interest rates to bring down inflation, though it remains uncertain. The Moving Averages in Bitcoin continue to indicate a ‘Sell’ sentiment.”
Shivam Thakral, CEO of BuyUcoin, said, “The crypto market remained flat during the last 24 hours as traders await the Fed chief’s speech on Thursday which will give us a clear picture of future rate hikes. The interest rates are already at a higher level as a result of contentious rate hikes to cool down inflation and any further rate hike will make borrowing a costly affair. BTC and ETH are trading at $26,221.15 and $1,591.14 which is a marginal fluctuation from the previous day.”
CoinDCX Research Team told ABP Live, “In the last 24 hours, Bitcoin’s price remained stable and traded within a range above the $26,000 support zone. Meanwhile, Ethereum made slight gains but couldn’t cross the $1,600 threshold. Unless Bitcoin manages to surpass the end-of-August high at $28,000, the most likely direction for its price remains sideways to down as per the technicals. Looking at the broader picture, any drop below $25,000 could have significant implications. Notably, this Friday, a substantial number of BTC and ETH options contracts are set to expire on Deribit, with 117,000 BTC options and 1.1 million ETH options reaching their expiration. This event has the potential to increase volatility in the prices of these cryptocurrencies.”
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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.