(Source: ECI/ABP News/ABP Majha)
Cryptocurrency Price Today: Bitcoin Rises Above $64,000, Akash Network Becomes Top Gainer
Cryptocurrency price on April 17 quick take: The global market cap dipped to $2.27 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $64,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens as the overall Market Fear & Greed Index stood at 60 (Greed) out of 100, as per CoinMarketCap data. The Akash Network (AKT) token emerged as the biggest gainer of the lot, with a 24-hour jump of over 12 percent. OKB became the biggest loser, with a 24-hour dip of over 3 percent.
The global crypto market cap stood at $2.33 trillion at the time of writing, registering a 24-hour gain of 2.89 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $64,222.65, registering a 24-hour gain of 2.37 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 60 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,111.42, marking a 24-hour gain of 2.07 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.91 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 2.52 percent, as per CoinMarketCap data, currently priced at $0.1576. As per WazirX, Dogecoin price in India stood at Rs 15.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 3.35 percent. At the time of writing, it was trading at $79.57. LTC price in India stood at Rs 7,332.10.
Ripple (XRP) Price Today
XRP price stood at $0.5001, seeing a 24-hour jump of 2.52 percent. As per WazirX, Ripple price stood at Rs 47.
Solana (SOL) Price Today
Solana price stood at $141.46, marking a 24-hour gain of 5.97 percent. As per WazirX, SOL price in India stood at Rs 13,381.
Top Crypto Gainers Today (April 17)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Akash Network (AKT)
Price: $3.99
24-hour gain: 12.90 percent
Pepe (PEPE)
Price: $0.000005403
24-hour gain: 12.44 percent
Chiliz (CHZ)
Price: $0.1107
24-hour gain: 11.82 percent
Sui (SUI)
Price: $1.23
24-hour gain: 9.97 percent
JasmyCoin (JASMY)
Price: $0.01898
24-hour gain: 9.76 percent
Top Crypto Losers Today (April 17)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
OKB (OKB)
Price: $57.72
24-hour gain: 3.34 percent
Neo (NEO)
Price: $18.74
24-hour gain: 2.35 percent
Stacks (STX)
Price: $2.40
24-hour gain: 1.77 percent
Pendle (PENDLE)
Price: $6.22
24-hour gain: 0.71 percent
UNUS SED LEO (LEO)
Price: $5.87
24-hour gain: 0.59 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is consolidating at the $63,000 level ahead of Bitcoin Halving. BTC must surpass the $65,000 and $67,000 levels to make a move into the bullish zone. The immediate resistance lies at the $64,800 and then $65,000 and the support lies at the $62,800 level. In the past, Bitcoin's price typically surged after halving events, followed by a correction. However, this time, Bitcoin has already hit a new record high, signaling a potential correction around the halving. There's a strong likelihood that the bull market will persist after the halving with increasing demand for spot ETFs.”
CoinSwitch Markets Desk noted, “After Iran-Israel tensions escalated on the weekend, BTC now seems to slowly trade around the halving news as its main fundamental. Strong support seems to be formed at $60k as BTC continues to outperform the majority of the altcoins. To put things into context, one of the most traded crypto-crypto non-stable pairs - ETH/BTC has broken down its support at 0.05 BTC per ETH. This could technically go as low as 0.04 meaning BTC could further continue to outperform Ethereum, and historically, all altcoins.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The upcoming Bitcoin halving event, expected around April 19 or 20, is stirring speculation within the cryptocurrency community regarding its impact on Bitcoin’s price. This event, known for reducing mining rewards and decreasing the supply of new Bitcoins, has historically triggered significant price movements. Currently, Bitcoin is trading near $63,000, showing a slight increase of 0.05% in the last 24 hours, with a trading volume of approximately $44 billion. With a market capitalization of around $1.239 trillion and nearly 19.7 million BTC in circulation, the market closely monitors how this halving could influence future price predictions.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin price is now trading below $65,000 after a bearish daily close. Bitcoin is holding the current support of $60,000 strongly Which if lost could slump the price to $57,000. After the 4th halving which is scheduled in 2 days, we can expect a retest of the $73,000 resistance. However, altcoins could have much higher volatility on average than Bitcoin.”
CoinDCX Research Team told ABP Live, “In the last 24 hours, BTC and ETH consolidated within their respective ranges, hovering near support levels, while altcoins traded mixed, mostly in the red. From a technical standpoint, the price action showed sideways movement, lacking clear direction or confirmations. Some analysts predict that this level, or potentially $58,000, could serve as a local bottom for BTC's uptrend. The negative BTC ETFs data, indicating net outflows, adds a bearish tone to the market sentiment.”
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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.
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