Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dropped below the $63,000 mark early Wednesday. Other popular altcoins like Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) also saw declines as the overall Market Fear & Greed Index stood at 55 (Neutral) out of 100, according to CoinMarketCap data. The Ethena (ENA) token was the top gainer with a 24-hour increase of over 3 percent, while memecoin dogwifhat (WIF) experienced the biggest loss with a 24-hour drop of over 10 percent.
The global crypto market cap was at $2.29 trillion at the time of writing, showing a 24-hour decrease of 1.99 percent.
Bitcoin’s price was at $62,456.89, with a 24-hour decline of 1.85 percent, as reported by CoinMarketCap. In India, on WazirX, BTC was priced at Rs 54.70 lakh.
Ethereum’s price stood at $3,010.92, marking a 24-hour decrease of 1.90 percent. In India, Ethereum was priced at Rs 2.64 lakh on WazirX.
Dogecoin registered a 24-hour loss of 4.29 percent, priced at $0.1492, and in India at Rs 13.33 on WazirX.
Litecoin saw a 24-hour dip of 0.30 percent, trading at $79.97, and in India at Rs 7,000.
XRP’s price was at $0.5209, with a 24-hour loss of 2.24 percent. In India, Ripple was priced at Rs 45.40 on WazirX.
Solana’s price stood at $147.92, showing a 24-hour dip of 4.04 percent. In India, Solana was priced at Rs 13,195 on WazirX.
The top gainers in the crypto market over the past 24 hours were Ethena (ENA), Lido DAO (LDO), UNUS SED LEO (LEO), TRON (TRX), and Kaspa (KAS).
The top losers in the crypto market over the past 24 hours were dogwifhat (WIF), Helium (HNT), JasmyCoin (JASMY), Akash Network (AKT), and Avalanche (AVAX).
Experts shared their insights on the current market scenario, with predictions and analysis on Bitcoin’s price movements and market trends. It was noted that the market was experiencing volatility and uncertainty, with various factors influencing the prices of cryptocurrencies.
Readers are advised to exercise caution and seek expert advice before investing in cryptocurrencies, as the market is speculative and subject to risks.