Cryptocurrency Price Today: Bitcoin Rises Above $43,000, Market Cap Crosses $1.7 Trillion
Cryptocurrency price on December 28 quick take: The global market cap rose to $1.71 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to rise above the $43,000 mark early Thursday, as the overall market cap managed to reach $1.71 trillion. Popular altcoins — including the likes of Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE) — landed in the greens across the board. Bitcoin SV (BSV) went on to become the biggest gainer, with a 24-hour jump of over 67 percent. SEI emerged to be the biggest loser, with a 24-hour dip of over 11 percent.
The global crypto market cap stood at $1.71 trillion at the time of writing, registering a 24-hour jump of 4.41 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $43,380.21, registering a 24-hour gain of 2.59 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 38.06 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,408.89, marking a 24-hour jump of 8.31 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.10 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 4.34 percent, as per CoinMarketCap data, currently priced at $0.09433. As per WazirX, Dogecoin price in India stood at Rs 8.29.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 5 percent. At the time of writing, it was trading at $76.20. LTC price in India stood at Rs 6,747.43.
Ripple (XRP) Price Today
XRP price stood at $0.6525, seeing a 24-hour gain of 5.31 percent. As per WazirX, Ripple price stood at Rs 57.
Solana (SOL) Price Today
Solana price stood at $104.80, marking a 24-hour dip of 4.83 percent. As per WazirX, SOL price in India stood at Rs 9,390.34.
Top Crypto Gainers Today (December 28)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Bitcoin SV (BSV)
Price: $85.97
24-hour gain: 67.74 percent
Aave (AAVE)
Price: $128.53
24-hour gain: 27.93 percent
Arbitrum (ARB)
Price: $1.63
24-hour gain: 26.16 percent
eCash (XEC)
Price: $0.00004021
24-hour gain: 24.74 percent
Lido DAO (LDO)
Price: $2.89
24-hour gain: 21.16 percent
Top Crypto Losers Today (December 28)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Sei (SEI)
Price: $0.4441
24-hour loss: 11.30 percent
Mina (MINA)
Price: $1.29
24-hour loss: 10.62 percent
Stacks (STX)
Price: $1.52
24-hour loss: 9.80 percent
Bonk (BONK)
Price: $0.00001407
24-hour loss: 8.99 percent
Helium (HNT)
Price: $6.51
24-hour loss: 5.66 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin witnessed a drop to the$41,700 level yesterday but quickly initiated a strong recovery, surpassing the $42,500 resistance and reaching $43,000. Market participants are riding on the positive sentiment generated by MicroStrategy's increased Bitcoin holdings on Wednesday. BTC encounters immediate resistance at the $43,700 level, while support is evident at the $43,300 level. Meanwhile, Ethereum is exhibiting remarkable momentum, outperforming BTC with an 8% surge and trading above the $2,300 level. The overall market sentiment remains bullish.”
CoinSwitch Markets Desk noted, “After trading below $42k for a very brief duration on the day before yesterday, BTC saw a quick recovery as the bullish momentum in the longer term continued and saw Bitcoin trading near the $43.8k mark again. However, $44.5k remains a short-term resistance, which if BTC fails to cross, we could see it going back to around $38.5k. The biggest movers of the last 24 hours are Ethereum (ETH, +8.4%) and its scaling solutions. While Ethereum saw its 19-month high while teasing the $2.5k mark, almost all major layer-2s saw significant gains as well with Arbitrum’s ARB (+26.7%) leading the charge; Optimism’s OP (+22.2%) also observed major gains.”
Rajagopal Menon, Vice President, WazirX, said, “Discovering support around $43,000, Bitcoin has initiated a notable uptick. While BTC is on an upward trajectory, overcoming resistance at $44,300 and $44,500 may pose challenges soon. Solana has emerged as a formidable contender to Ethereum, with its robust rally underscoring growing competition within the smart contract platform sector. Meanwhile, Bitcoin's trajectory remains a focal point for investors and analysts alike, with expectations shaping up for potential developments in 2024. Market sentiment appears increasingly bullish, with discussions circulating about Bitcoin's potential ascent towards the $100,000 mark.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is at a pivotal point, currently trading around $42,992. It appears to be stabilizing after recent fluctuations, facing resistance at $43,990, $44,679, and $45,962, while finding support at $41,683, $40,649, and $39,378. Technical indicators like RSI (56) show moderate bullish sentiment, and MACD (0.006) slightly above its signal line hints at potential upward momentum. Notably, Bitcoin is above its 50-Day EMA ($43,033), indicating a short-term bullish trend. The overall market trend looks cautiously optimistic above the $43,033 pivot point, suggesting a likelihood of testing higher resistance levels in the near term. Close monitoring of resistance levels is advised for market response.”
Shivam Thakral, CEO of BuyUcoin, said, “The overall crypto market cap touched the $1.71 trillion mark with Ethereum leading the effort. Ethereum founder recently expressed his interest to revamp Ethereum Proof of Stake, which created positive sentiment around the largest altcoin. Ethereum touched the $2,400 mark as it surged by almost 9% in 24 hours. Bitcoin witnessed a modest surge of 2.72% during the same period. Ethereum is well positioned to touch the $2,800 mark owing to the positive macroeconomic conditions.”
CoinDCX Research Team told ABP Live, “The crypto market rebounded after a day before yesterday's slight dip, with ETH outperforming BTC in the last 24 hours, leading to significant rallies in ETH Layer 2 tokens like OP and ARB. BTC bounced back from the 20 EMA D and is holding above that, signalling a positive trend. Additionally, BTC dominance continues to decline, which is favourable for altcoins. BTC needs to clear the key resistance at $44,500 for further upward movement.”
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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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