Cryptocurrency Price Today: Top Coins See Bloodbath As Bitcoin Dips Down To $66,000

Cryptocurrency price on April 2 quick take: The global market cap dipped to $2.52 trillion.

Bitcoin price stood at $66,691.59 on Tuesday.

Source : Mohamed Hassan/Pixabay

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $67,000 range, dwelling at around $66,500 at the time of writing. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the reds across the board. The CORE token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 40 percent. The Conflux (CFX) token became the biggest loser, with a 24-hour dip of over 16 percent. 

The global crypto market cap stood at $2.52 trillion at the time of writing, registering a 24-hour dip of 5.82 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $66,691.59, registering a 24-hour dip of 5.56 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 58.50 lakh.

Ethereum (ETH) Price Today

ETH price stood at $3,365.64, marking a 24-hour dip of 6.83 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.95 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour loss of 12.91 percent, as per CoinMarketCap data, currently priced at $0.1879. As per WazirX, Dogecoin price in India stood at Rs 16.81.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour dip of 12.87 percent. At the time of writing, it was trading at $95.88. LTC price in India stood at Rs 8,301.04.

Ripple (XRP) Price Today

XRP price stood at $0.5947, seeing a 24-hour loss of 5.25 percent. As per WazirX, Ripple price stood at Rs 52.

Solana (SOL) Price Today

Solana price stood at $183.80, marking a 24-hour dip of 9.39 percent. As per WazirX, SOL price in India stood at Rs 16,845.94. 

Top Crypto Gainers Today (April 2)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Core (CORE)

Price: $3.82
24-hour gain: 40.36 percent

Bittensor (TAO)

Price: $539.47
24-hour gain: 5.25 percent

Pendle (PENDLE)

Price: $5.33
24-hour gain: 2.10 percent

Bitget Token (BGB)

Price: $1.07
24-hour gain: 1.64 percent

UNUS SED LEO (LEO)

Price: $6.07
24-hour gain: 0.33 percent

Top Crypto Losers Today (April 2)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Conflux (CFX)

Price: $0.3827
24-hour loss: 16.50 percent

Axelar (AXL)

Price: $1.81
24-hour loss: 14.98 percent

Dogwifhat (WIF)

Price: $3.86
24-hour loss: 14.13 percent

Litecoin (LTC)

Price: $95.39
24-hour loss: 13.88 percent

Pepe (PEPE)

Price: $0.000007338
24-hour loss: 13.56 per cent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin slipped to the $67,000 level amidst strong US data, reinforcing the expectation of a gradual approach by the Federal Reserve towards rate adjustments in June. Nonetheless, Bitcoin has soared by 135 percent in the past year. The upcoming support is anticipated at $66,600, with resistance seen at $68,200. Conversely, Ethereum and the majority of cryptocurrencies are trading in negative territory, aligning with the downturn in equities as investors anticipate potential rate cuts.”

CoinSwitch Markets Desk noted, “The top 20 cryptos by M.Cap. are currently trading in the red. As a result of the market performance in the last 24 hours, the crypto market has observed total liquidations of over $490 million, including BTC’s $134.74 million ($97.22 million in long). After failure to cross the resistance at $71.5K, BTC (-5.4%) went under price correction to $67K levels. If BTC can surpass the new resistance at $68.5K, we could see a fresh positive price action. ETH (-6.6%) has been showing signs of retracement in recent trading sessions. It currently presents potential for upward price performance, although with high volatility. The current dip may offer a strategic entry point for long positions.”

Rajagopal Menon, Vice President, WazirX, said, “Bitcoin (BTC) continues its ascent towards a potential new all-time high (ATH), stabilizing around the $68,000 mark amid increasing investor confidence. Analysts highlight a crucial resistance level, indicating a pivotal moment for Bitcoin's short-term trajectory. ETH's recent price action, ranging from $3,054 to $4,095 between March 11 and 20, underscores the market's volatility. At $3,357, ETH's volatile climb prompts cautious optimism among traders, wary of sudden reversals in the ever-changing crypto market.”

CoinDCX Research Team told ABP Live, “In the last 24 hours, the market took a bearish turn following BTC's highest monthly close, with both BTC and ETH plummeting by over 5%. BTC slipped below the crucial $69,000 level and is now trading below the 20 EMA D, indicating bearish sentiment. ETH also fell below the 20 EMA D but found support at the 50 EMA D, a significant level. Holding above $3300 is crucial to avoid further decline. Attention will be on BTC ETF inflows and US macroeconomic announcements in the coming days.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “BTC's critical pivot is $69,000, with resistance at $71,700, $73,850 and $75,825. On the downside, support lies at $66,800, $64,630, and $62,425, which is vital for sustaining the current range. Technical analysis shows a neutral market with an RSI of 47. The 50-day EMA at $69,585 is closely aligned with the current price, indicating potential stability or an uptrend under favorable conditions. A doji candlestick near the $69,000 trend line suggests indecision favoring a potential bullish reversal after closing above it. Overall, Bitcoin sentiment is cautiously bullish above $69,000, with a break leading to a move towards $71,000 or more, while a move below could generate significant selling pressure.”

Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin made a pull back  of more than 5% and plunged to $66,000. BTC reacted to US manufacturing sector data for March, which rose more than expected. The Bitcoin spot ETF volumes have also dried up compared to the volumes in March.Bitcoin and the crypto market is usually expected to be significantly volatile a few days before the Bitcoin halving.”

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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.