Cryptocurrency Price Today: Bitcoin Remains Above $43,000, Stacks Becomes Top Gainer
Cryptocurrency price on December 21 quick take: The global market cap rose to $1.62 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to remain above the $43,000 mark early Thursday. Popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE) — saw minor jumps across the board. The Stacks (STX) token remained the biggest gainer of the lot, with a 24-hour jump of over 23 percent. Internet Computer (ICP) remained the biggest loser as well, with a 24-hour dip of nearly 8 percent.
The global crypto market cap stood at $1.62 trillion at the time of writing, registering a 24-hour jump of 2.19 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $43,654.15, registering a 24-hour jump of 2.95 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 38.01 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,200.43, marking a 24-hour gain of 0.74 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.92 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 1.04 percent, as per CoinMarketCap data, currently priced at $0.09149. As per WazirX, Dogecoin price in India stood at Rs 8.03.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 1.36 percent. At the time of writing, it was trading at $69.73. LTC price in India stood at Rs 6,126.14.
Ripple (XRP) Price Today
XRP price stood at $0.6149, seeing a 24-hour gain of 1.10 percent. As per WazirX, Ripple price stood at Rs 53.55.
Solana (SOL) Price Today
Solana price stood at $83.22, marking a 24-hour jump of 11.13 percent. As per WazirX, SOL price in India stood at Rs 6,850.
Top Crypto Gainers Today (December 21)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Stacks (STX)
Price: $1.48
24-hour gain: 23.67 percent
IoTeX (IOTX)
Price: $0.06003
24-hour gain: 22.15 percent
Immutable (IMX)
Price: $2.43
24-hour gain: 16.16 percent
NEAR Protocol (NEAR)
Price: $2.84
24-hour gain: 14.14 percent
Injective (INJ)
Price: $42.16
24-hour gain: 13.61 percent
Top Crypto Losers Today (December 21)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Internet Computer (ICP)
Price: $8.77
24-hour loss: 7.48 percent
WOO Network (WOO)
Price: $0.4397
24-hour loss: 4.60 percent
Terra Classic (LUNC)
Price: $0.0001555
24-hour loss: 4.40 percent
Oasis Network (ROSE)
Price: $0.09274
24-hour loss: 4.33 percent
FTX Token (FTT)
Price: $3.71
24-hour loss: 3.77 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is now trading above $43,000 following renewed buying activity that propelled it beyond $43,500. Increased BTC transactions and the potential approval of a spot BTC ETF are contributing to an optimistic market sentiment. The upcoming resistance is situated at the $44,700 level, with BTC currently experiencing a 35 percent decline from its all-time high. Meanwhile, Ethereum is in the midst of a challenging battle between bulls and bears near the $2,200 support. If Ethereum breaks through the current level, the next resistance is at $2,300.”
CoinSwitch Markets Desk noted, “After seeing a peak of $44.7k, BTC has been trading in a small range of around $4k. With bulls not ready to take BTC below $40k, bears are not letting BTC cross $45k. Historically, December month has proven to be a major price action month and it is yet to be seen whether BTC has already made a local top or the bull market has just started to heat up. One of the hottest investments of the season, Solana is also continuing its rally, with SOL hitting the $80 mark for the first time since May 2022 alongside being just touching distance away from being the 4th largest crypto after BTC, ETH and USDT and beating BNB. Solana’s famous memecoin BONK however has been decreasing ever since the world’s biggest exchange Binance decided to list it five days back.”
Rajagopal Menon, Vice President, WazirX, said, “In the midst of Bitcoin's upward trajectory this week, the spotlight remains on the ongoing progress of the spot Bitcoin ETF. Continuous interactions between the SEC and major stakeholders like BlackRock and Grayscale suggest regulatory bodies are actively working towards approval within the designated timeframe. Venture capitalists are anticipated to re-engage with Web3 after a somewhat subdued year, with a particular emphasis on the gaming sector. This renewed focus may contribute to a potential upswing in gaming tokens in the upcoming months.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is showing remarkable resilience in the cryptocurrency markets, holding steady above the critical $43,000 level with a current value of $43,686, representing a 1.93 percent gain in the recent trading cycle. This positive trend is in line with the overall increase in market capitalization, indicating growing investor confidence. Key support levels for Bitcoin are identified at $42,159, $41,457 and $40,518, while resistance levels are at $43,512, $44,697 and $46,022. The Relative Strength Index (RSI) at 66 reflects bullish sentiment without reaching overbought conditions, allowing for potential upside. Bitcoin's price trajectory remains above the 50-day exponential moving average, confirming short-term bullish sentiment and technical indicators suggest a test of immediate resistance at $43,512 with potential for further upside.”
Shivam Thakral, CEO of BuyUcoin, said, “The crypto market is celebrating early Christmas with Bitcoin surging above the $43,000 mark. The latest mini-rally has taken the total crypto market cap to the $1.63 trillion mark. In the altcoin space, Solana is leading the surge with double-digit growth in 24 hours, if Bitcoin continues to hold the current momentum, we can expect SOL also to continue its growth trajectory. The overall market sentiment is on the positive side and we can expect this to continue if any black swan event doesn’t occur.”
CoinDCX Research Team told ABP Live, “In the past 24 hours, BTC gained nearly 3 percent, reaching above the $43,400 resistance level and holding just above it. The next hurdle is the recent high at $44,500, and surpassing this could propel the price towards the $48,000 resistance. ETH, still below the 20 EMA D, has $2,130-50 as a crucial support level. As long as it stays above, the bullish sentiment persists. Breaking below this support might lead to a short-term decline, with resistance levels at $2,375 and $2,450. Altcoins are on the rise, benefiting from the bullish trend in BTC. Notably, the announcement of US GDP quarterly figures today may introduce some volatility to the market.”
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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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