Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, saw a dip to $64,000 early Thursday. Other popular altcoins like Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) also experienced losses as the Market Fear & Greed Index stood at 60 (Neutral) out of 100, according to CoinMarketCap data. EOS emerged as the biggest gainer with a 24-hour jump of over 4 percent, while HBAR was the biggest loser with a 24-hour dip of over 34 percent.
The global crypto market cap was at $2.37 trillion, showing a 24-hour gain of 3.54 percent.
Bitcoin price stood at $64,223.05, marking a 24-hour dip of 4.23 percent, as per CoinMarketCap. In India, on WazirX, BTC price was at Rs 58.30 lakh.
Ethereum price was at $3,150.10, with a 24-hour dip of 3.49 percent. In India, on WazirX, ETH price stood at Rs 2.87 lakh.
Dogecoin registered a 24-hour loss of 7.75 percent, currently priced at $0.1505. In India, on WazirX, Dogecoin price was at Rs 13.73.
Litecoin saw a 24-hour dip of 3.24 percent, trading at $83.58. In India, LTC price stood at Rs 7,500.
XRP price was at $0.5264, with a 24-hour loss of 4.49 percent. In India, on WazirX, Ripple price was at Rs 47.
Solana price stood at $147.03, showing a 24-hour dip of 7.61 percent. In India, SOL price on WazirX was at Rs 13,301.
The top five crypto gainers over the past 24 hours, according to CoinMarketCap data, included EOS, Tron (TRX), UNUS SED LEO (LEO), BNB, and FLOKI.
The top five crypto losers over the past 24 hours, according to CoinMarketCap data, included Hedera (HBAR), Starknet (STRK), dogwifhat (WIF), Bonk (BONK), and Worldcoin (WLD).
Experts shared their insights on the current market scenario, with opinions varying on Bitcoin’s price movement and market sentiment. Despite the recent decline, institutional investors remain bullish on Bitcoin, with ongoing events affecting market outlook.
Readers are advised to be cautious when investing in cryptocurrencies, as they are unregulated and can be highly risky. Cryptocurrency market predictions are speculative, and any investment should be made at the sole cost and risk of the readers.