Cryptocurrency Price Today: Bitcoin Rises Above $67,000, PENDLE Gains Over 26%
Cryptocurrency price on April 5 quick take: The global market cap rose to $2.53 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to climb above the $67,000 mark early Friday. The upcoming US jobs report is largely expected to have an impact on prices. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens across the board. The PENDLE token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 26 percent. The CORE token became the biggest loser, with a 24-hour dip of over 20 percent.
The global crypto market cap stood at $2.53 trillion at the time of writing, registering a 24-hour jump of 2.51 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $67,873.07, registering a 24-hour gain of 4.14 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 60.03 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,305.15, marking a 24-hour jump of 1.50 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.97 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 2.09 percent, as per CoinMarketCap data, currently priced at $0.1759. As per WazirX, Dogecoin price in India stood at Rs 15.86.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 1.35 percent. At the time of writing, it was trading at $99.09. LTC price in India stood at Rs 8,806.51.
Ripple (XRP) Price Today
XRP price stood at $0.5858, seeing a 24-hour gain of 3.84 percent. As per WazirX, Ripple price stood at Rs 52.20.
Solana (SOL) Price Today
Solana price stood at $179.42, marking a 24-hour dip of 0.76 percent. As per WazirX, SOL price in India stood at Rs 16,497.07.
Top Crypto Gainers Today (April 5)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Peddle (PENDLE)
Price: $6.30
24-hour gain: 26.64 percent
Bitcoin Cash (BCH)
Price: $699.29
24-hour gain: 14.11 percent
eCash (XEC)
Price: $0.00006961
24-hour gain: 12.33 percent
Mantle (MNT)
Price: $1.39
24-hour gain: 10.44 percent
Ethereum Classic (ETC)
Price: $33.17
24-hour gain: 8.65 percent
Top Crypto Losers Today (April 5)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Core (CORE)
Price: $2.38
24-hour loss: 20.49 percent
Wormhole (W)
Price: 0.9985
24-hour loss: 16.19 percent
Bitget Token (BGB)
Price: $1.24
24-hour loss: 8.53 percent
dogwifhat (WIF)
Price: $3.40
24-hour loss: 8.10 percent
Jupiter (JUP)
Price: $1.40
24-hour loss: 7.87 per cent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin surged back to the $69,000 mark in the last 24 hours, but it has since stabilised around $67,500. Investors and traders are now focusing on the impending US jobs report due for release today. Despite some selling pressure, Bitcoin has managed to hold above the $60,000 level, indicating ongoing investor confidence. A close above $69,000 today could pave the way for a test of $70,000 and beyond over the weekend, while support is seen around $65,500 if Bitcoin fails to maintain momentum.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “BTC (+3.3%) saw an upward price movement last night to $69k before slightly correcting to $68k. The recovery attempt by BTC comes at the back of Hawkish commentary from the Feds around rate cuts. Basis technical analysis, if BTC fails to rise above the resistance point of $69.3k, there is a high probability of seeing another decline; current immediate support could be drawn at $67.2k. In parallel, Ripple, the creator of the XRP token, is planning to launch its own stablecoin pegged to the US dollar. The company plans to launch their stablecoin later in 2024. Additionally, Galaxy Digital has announced their Galaxy Ventures Fund I, LP, for which the company will be raising $100 million. The company’s venture capital team aims to invest this in early-stage crypto companies.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin surged to $68,000 after announcements from the Federal Reserve, yet signals potential danger. Ethereum, however, maintains its strength and is trading around $3,280, showing resilience in its performance. Despite Bitcoin's recent indicator signalling a possible downturn, analysts believe the price surge may not be over.”
Shivam Thakral, CEO of BuyUcoin, said, “After days of choppy price action, Bitcoin finally breached the $69,000 resistance and is now retesting this level. With just 2 weeks left for Bitcoin halving, the largest crypto can pick up momentum and potentially make a new ATH. Another potential scenario is a huge correction and the formation of a new local bottom before the reversal phase begins.”
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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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