Cryptocurrency Price Today: Bitcoin Loses Steam, Dips Below $66,000
Cryptocurrency price on April 4 quick take: The global market cap dipped to $2.48 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $66,000 mark early Thursday, dwelling at around $65,700 at the time of writing. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — largely landed in the reds across the board. The Ethena (ENA) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 22 percent. The Jupiter (JUP) token became the biggest loser, with a 24-hour dip of over 9 percent.
The global crypto market cap stood at $2.48 trillion at the time of writing, registering a 24-hour dip of 0.70 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $65,773.30, registering a 24-hour dip of 0.87 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 58.64 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,310.97, marking a 24-hour gain of 0.13 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 3.95 percent, as per CoinMarketCap data, currently priced at $0.1777. As per WazirX, Dogecoin price in India stood at Rs 15.99.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 1.06 percent. At the time of writing, it was trading at $100.90. LTC price in India stood at Rs 8,966.
Ripple (XRP) Price Today
XRP price stood at $0.5718, seeing a 24-hour loss of 2.65 percent. As per WazirX, Ripple price stood at Rs 51.
Solana (SOL) Price Today
Solana price stood at $184.19, marking a 24-hour dip of 3.62 percent. As per WazirX, SOL price in India stood at Rs 16,479.14.
Top Crypto Gainers Today (April 4)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Ethena (ENA)
Price: $1.04
24-hour gain: 22.96 percent
Bitget Token (BGB)
Price: $1.35
24-hour gain: 13.55 percent
Bitcoin SV (BSV)
Price: $94.16
24-hour gain: 7.21 percent
Flare (FLR)
Price: $0.04109
24-hour gain: 6.36 percent
Chiliz (CHZ)
Price: $0.1396
24-hour gain: 5.40 percent
Top Crypto Losers Today (April 4)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Jupiter (JUP)
Price: $1.53
24-hour loss: 9.83 percent
dogwifhat (WIF)
Price: $3.72
24-hour loss: 9.72 percent
Akash Network (AKT)
Price: $4.12
24-hour loss: 6.90 percent
Core (CORE)
Price: $3.05
24-hour loss: 6.35 percent
Stacks (STX)
Price: $3.13
24-hour loss: 6.11 per cent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is currently consolidating around $65,000, with a battle between bears and bulls for supremacy in the market. Bulls must surpass the $71,770 resistance threshold to initiate a fresh uptrend. Despite the bearish sentiment surrounding Bitcoin, it has recorded gains of 135% over the year and 3% over the past month. Meanwhile, Ethereum is valued at $3,200, and to avoid a decline, bulls need to secure a close above $3,400, potentially paving the way towards the $3,600 level.”
CoinSwitch Markets Desk noted, “For the first time in the history of crypto, April started on a red note after 7 straight green months, with BTC being around 10% down since March end. Even though this looks bearish in a short time frame, if we draw a trend line on BTC on the lows of 5th March and 20th March, BTC is sitting at a decent trend line support. With the halving event being just close to two weeks away, this keeps a high probability of a jump again from these levels. However given the astronomical growth of BTC in the last seven months, and continued outflows of GTBC etf, risk has to be managed properly.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “As Bitcoin's halving event approaches, its price predictions are gaining importance, currently standing at $66,125, indicating future trends. El Salvador's "Mi Primer Bitcoin" Initiative Launches Open Source Bitcoin Diploma Program to Increase Global Financial Literacy. Upbit, a major South Korean exchange, saw trading volume fall to $3.8 billion from its peak in March, affected by market momentum and the "Kimchi Premium". However, its expansion, including the acquisition of a Major Payment Institution license in Singapore, means continued growth. Bitcoin miners earned a record $2.01 billion in March, showcasing robust network activity and potential optimism for bitcoin's future amid the upcoming halving event.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin experienced one more boring day by trading below $66,000. The largest cryptocurrency has reflected a slump in price momentum after experiencing negative net flows into the spot ETFs. The spot ETFs were the main reason for rallies during the first quarter of 2024. With just around 2 weeks left for halving, we can expect more volatility due to the favourable change in supply dynamics.”
CoinDCX Research Team told ABP Live, “In the past 24 hours, BTC and ETH traded sideways while many altcoins experienced a decline. BTC remained range-bound, with significant liquidation levels at $67,000 and $64,000. It's anticipated that BTC will need to surpass these levels before making any significant moves. Additionally, funding rates have returned to neutral, which is a positive sign. ETH also traded sideways in a smaller timeframe, with $3,200 being a key level to hold. Tomorrow's announcement of the US monthly unemployment rate may bring further volatility to the market.”
Subscribe And Follow ABP Live On Telegram: t.me/officialabplive
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.
Trending News
Top Headlines
