Cryptocurrency Price Today: Bitcoin Rises Above $52,000 As Halving Event Approaches
Cryptocurrency price on February 15 quick take: The global market cap jumped to $1.96 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, climbed above the $52,000 mark early Thursday as the much-awaited BTC Halving event approaches closer, set to take place on April 18. Other top coins, including the likes of — Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board. The Stack (STX) token emerged as the biggest gainer of the lot, with a 24-hour jump of over 28 percent. PYTH, which was the biggest gainer yesterday, became the biggest loser, with a 24-hour dip of over 2 percent.
The global crypto market cap stood at $1.96 trillion at the time of writing, registering a 24-hour gain of 5.22 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $52,268.18, registering a 24-hour jump of 5.43 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 44.88 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,796.20, marking a 24-hour gain of 6.02 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.41 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 7.13 percent, as per CoinMarketCap data, currently priced at $0.08703. As per WazirX, Dogecoin price in India stood at Rs 7.32.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 1.84 percent. At the time of writing, it was trading at $70.40. LTC price in India stood at Rs 6,055.02.
Ripple (XRP) Price Today
XRP price stood at $0.5543, seeing a 24-hour jump of 5.53 percent. As per WazirX, Ripple price stood at Rs 47.11.
Solana (SOL) Price Today
Solana price stood at $116.63 marking a 24-hour gain of 4.05 percent. As per WazirX, SOL price in India stood at Rs 9,700.59.
Top Crypto Gainers Today (February 15)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Stacks (STX)
Price: $2.75
24-hour gain: 28.57 percent
Sei (SEI)
Price: $0.9155
24-hour gain: 22.78 percent
Dymension (DYM)
Price: $8.13
24-hour gain: 14.57 percent
Mantle (MNT)
Price: $0.7855
24-hour gain: 14.01 percent
Bonk (BONK)
Price: $0.00001414
24-hour gain: 12.61 percent
Top Crypto Losers Today (February 15)
As per CoinMarketCap data, here are the top crypto losers over the past 24 hours:
Pyth Network (PYTH)
Price: $0.6359
24-hour loss: 2.51 percent
Monero (XMR)
Price: $126.77
24-hour loss: 1.96 percent
Astar (ASTR)
Price: $0.1762
24-hour loss: 1.89 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin hovered above the $52,000 level, fueled by consistent inflows into spot Bitcoin ETFs and the impending halving event. Its market value exceeded $1 trillion, marking a significant achievement not witnessed since November 2021. A firm close above $52,700 is expected to open the door for a potential climb to $60,000 and beyond. If this trend persists, Bitcoin is likely to surpass its previous all-time high of $69,000 very soon.”
CoinSwitch Markets Desk noted, “Bitcoin hits $52.5k as any doubts that bears had for a return from the $50k mark were shattered because of significant buying interest from institutional investors. Blackrock alone now holds more than 100,000 BTC. The next resistance for BTC is however not very far away and a small retracement can be expected around the $53k mark. ETH (+6%) on the other hand also broke past $2.8k as it went back to May 2022 levels. Ethereum is currently in high demand from staking and re-staking derivatives in the market. If ETH and BTC do not see a heavy correction, an altcoin season might be on the cards as we approach the bitcoin halving in April.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin surged to $52,000, reclaiming a $1 trillion market cap after 26 months, hinting at further gains. Despite a Tuesday dip below $50,000 on U.S. inflation data, BTC bounced back. The rally pushed BTC's market value past $1 trillion for the first time since Dec. 2021, rising 4.7% in the last 24 hours. Altcoins like Cardano (ADA) and Dogecoin (DOGE) gained 6%, while Ethereum (ETH) reached $2,750, its highest since May 2022. Bullish sentiment persists, targeting $75,000, fueled by robust inflows into U.S.-listed spot BTC ETFs, including BlackRock's IBIT. Analysts foresee BTC's uptrend with a key support level of $46,000 but caution about slowing momentum.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin's rally above $50,000 this week saw most long-term holders profit, despite the recent market decline following the launch of Bitcoin spot ETFs. Glassnode's analysis suggests that this decline was a typical bull market correction. Long-term holders are selling their coins, partly due to the ETF craze and the outflow of Bitcoin Trust in the grayscale. However, newer bitcoin ETFs from BlackRock, Fidelity and others have attracted over $10 billion, offsetting the selling pressure. With less than 13% of total supply still in the red and strong trading volumes for new ETFs, the worst of Grayscale's selloff may be behind us.”
Shivam Thakral, CEO of BuyUcoin, said, “The Total Crypto Market has increased by 5% from the last day to $1.95 trillion, fueled by a new Bitcoin all-time high (ATH) again for this year. The market optimism around Bitcoin halving continues as Bitcoin has regained a $1 trillion market cap above $52,000 and is just 30% away from ATH. One event investors should pay close attention to is the recent Genesis court approval to redeem its Grayscale Bitcoin Trust holdings valued at $1.3 billion and potential impacts on the cryptocurrency market.”
CoinDCX Research Team told ABP Live, “The crypto market continues to rise, with Bitcoin and Ethereum hitting their highest points of the year. This growth is fueled by increased investments in Bitcoin spot ETFs and positive sentiment about the upcoming halving event. For Bitcoin to keep climbing, it needs to close above $52,000. Likewise, Ethereum aims to break the $2,900 barrier on its way to $3,300. Alts have also started showing strength, tokens like STX and IMX have surged by over 25% in just a few days.”
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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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