Cryptocurrency Price Today: Bitcoin Rises Above $69,000 Over The Weekend
Cryptocurrency price on April 8 quick take: The global market cap rose to $2.59 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to climb above the $69,000 mark over the weekend. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw minor movements across the board as the overall Market Fear & Greed Index stood at 76 (Greed) out of 100. The Nervous Network (CKB) token emerged as the biggest gainer of the lot, with a 24-hour jump of over 8 percent. The Wormhole (W) token became the biggest loser, with a 24-hour dip of over 7 percent.
The global crypto market cap stood at $2.59 trillion at the time of writing, registering a 24-hour jump of 0.01 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $69,410.11, registering a 24-hour gain of 0.11 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 60.99 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,41.59, marking a 24-hour jump of 1.05 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 0.50 percent, as per CoinMarketCap data, currently priced at $0.1984. As per WazirX, Dogecoin price in India stood at Rs 17.11.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 2.41 percent. At the time of writing, it was trading at $101.49. LTC price in India stood at Rs 8,825.02.
Ripple (XRP) Price Today
XRP price stood at $0.592, seeing a 24-hour loss of 0.61 percent. As per WazirX, Ripple price stood at Rs 52.
Solana (SOL) Price Today
Solana price stood at $176.16, marking a 24-hour dip of 2.51 percent. As per WazirX, SOL price in India stood at Rs 15,761.19.
Top Crypto Gainers Today (April 8)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Nervous Network (CKB)
Price: $0.02799
24-hour gain: 8.35 percent
Lido DAO (LDO)
Price: $2.70
24-hour gain: 4.46 percent
Mantle (MNT)
Price: $1.45
24-hour gain: 4.12 percent
ORDI (ORDI)
Price: $73.49
24-hour gain: 3.72 percent
Pepe (PEPE)
Price: $0.000007284
24-hour gain: 3.42 percent
Top Crypto Losers Today (April 8)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Wormhole (W)
Price: $20.9771
24-hour loss: 7.81 percent
eCash (XEC)
Price: $0.00007534
24-hour loss: 7.28 percent
Ondo (ONDO)
Price: $0.7922
24-hour loss: 5.54 percent
Maker (MKR)
Price: $3,535.27
24-hour loss: 4.51 percent
Jupiter (JUP)
Price: $1.38
24-hour loss: 4.20 per cent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin maintained its position above $69,000, maintaining a narrow trading range. Bitcoin has still not acquired enough strength to make a sharp move. However, Bitcoin has shown 147% increase in the past one year. A continuation of the current upward trend could provide a modest advantage for bulls. Key resistance levels lie at $70,200 and $73,000, with support at $67,500.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “BlackRock's addition of Goldman Sachs, Citigroup, UBS, Citadel Securities, and ABN AMRO as authorized participants for the iShares Bitcoin Trust has stirred significant volatility in BTC prices over the weekend; which is currently priced at around $69k. Genesis has concluded the sale of its Grayscale Bitcoin Trust (GBTC) shares, leveraging the proceeds to acquire 32,041 bitcoins. This strategic move underlines a significant shift in their investment strategy, reflecting confidence in the future of crypto. On another note, the SEC has levelled accusations against Terraform Labs and its founder, Kwon, alleging misleading statements regarding the stability of its native stablecoin, Terra USD (UST), and the potential applications of the Terra blockchain.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin's dominance stands at 50%, and with the halving event approaching in less than 13 days, market sentiment leans towards 'Greed,' with buyers showing resilience even in the face of positive US Jobs data. Bitcoin has rebounded from $65,000 levels within just one week, showcasing its resilience. Meanwhile, uncertainty looms over the potential approval of an Ethereum (ETH) spot ETF, although the price of ETH is testing resistance at $3,600. A dip below the $3,189 mark could potentially drive Ethereum's value down to $3,000. Nevertheless, current market indicators suggest a bullish sentiment towards Ethereum.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Speculation on Bitcoin's price is intensifying as the "halving" event looms in less than two weeks, with some analysts eyeing $100,000. This event halves the mining reward and historically triggers market movements. Despite the recent stability, a "buy the rumor, sell the news" scenario is expected. A legal victory for Coinbase could boost investor confidence and bitcoin trading. Ethereum remains an attractive investment under $1,000 and dominates the DeFi sector with updates expanding functionality. Genesis' $2.1 billion Bitcoin acquisition aims to clear debt and bolster reserves. Currently at $69,395, Bitcoin is showing a slight uptrend with resistance at $69,927, $71,711 and $73,765 and support at $66,788 on the downside at $65,076 and $63,114. The RSI suggests bullish sentiment supported by the 50-day EMA, but a break below $68,572 could signal a bearish.”
Shivam Thakral, CEO of BuyUcoin, said, “Over the weekend, Bitcoin finally hit the $70,000 resistance and is now retesting this level. With less than two weeks left before Bitcoin halving, the largest crypto can pick up momentum and experience significant volatility. The crypto total market cap is $2.59T which could grow faster as soon as Bitcoin makes a new ATH.”
CoinDCX Research Team told ABP Live, “Over the weekend, BTC and ETH maintained positive momentum, but alts experienced a bearish trend. BTC is currently striving to surpass and maintain above $69,000. With high-leveraged positions influencing both the upside and downside, BTC remains range-bound. The neutral funding rate and bullish price action add complexity to its movement. ETF flow will be crucial to observe today for further market direction. In the last couple of days, ETH showcased better performance compared to BTC, with the ETH/BTC pair showing a slight bounce. The key resistance level for ETH stands at $3,650.”
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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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