Bitcoin (BTC) remained stable around $64,000 early Friday, while other popular altcoins like Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) experienced minor dips. The overall Market Fear & Greed Index stood at 60 (Neutral) out of 100, as per CoinMarketCap data. The Wormhole (W) token saw the biggest gain, jumping over 15 percent in 24 hours, while the EOS token, which was the biggest gainer yesterday, experienced a 9 percent dip.
The global crypto market cap was at $2.36 trillion, with a 24-hour gain of 0.15 percent at the time of writing.
Bitcoin price stood at $64,289.17, with a 24-hour dip of 0.01 percent, according to CoinMarketCap. Ethereum price was at $3,137.39, marking a 0.42 percent dip in 24 hours. Dogecoin registered a 0.07 percent gain, priced at $0.1508, while Litecoin saw a 1.98 percent jump, trading at $84.97. Ripple price stood at $0.5291, with a 0.51 percent gain, and Solana was at $142.93, experiencing a 2.50 percent dip.
The top five crypto gainers in the past 24 hours included Wormhole (W), NEAR Protocol (NEAR), Bonk (BONK), Theta Fuel (TFUEL), and BitTorrent (New) (BTT). The top five crypto losers were EOS, Ronin (RON), Pendle (PENDLE), Akash Network (AKT), and Immutable (IMX).
Experts shared their insights on the current market scenario. Mudrex co-founder and CEO Edul Patel mentioned Bitcoin’s resistance and support levels, while Rajagopal Menon from WazirX discussed factors affecting Bitcoin prices. Sathvik Vishwanath, CEO of Unocoin, highlighted institutional investments in Bitcoin, and Shivam Thakral, CEO of BuyUcoin, discussed market sentiments and upcoming events like the launch of ETFs in Hong Kong.
The CoinDCX Research Team noted the recent downturn in the crypto market and analyzed BTC and ETH movements. They emphasized the importance of BTC surpassing the $67,000 mark for an upward trend and mentioned the potential benefits for altcoins if BTC continues to rise gradually.
Disclaimer: Cryptocurrency investments are speculative and risky. Readers are advised to seek expert advice and carefully consider all risks before investing. Cryptocurrency market predictions are subject to market risks, and investments are made at the readers’ sole discretion.