Cryptocurrency Price Today (September 16): Bitcoin Stable At $58,000, Nervos Network Becomes Top Gainer
Cryptocurrency price on September 16 quick take: The global market cap stood at $2.04 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to remain stable around the $58,000 mark over the weekend. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — largely landed in the reds across the board as the overall Market Fear & Greed Index stood at 36 (Fear) out of 100, as per CoinMarketCap data. The Nervos Network (CKB) token emerged to be the biggest gainer of the lot, with a 24-hour jump of nearly 5 percent. The Bittensor (TAO) token became the biggest loser, with a 24-hour dip of nearly 9 percent.
The global crypto market cap stood at $2.04 trillion at the time of writing, registering a 24-hour dip of 3.17 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $58,513.91, registering a 24-hour dip of 2.81 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 49.04 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,291.29, marking a 24-hour loss of 5.31 percent at the time of writing. Ethereum price in India stood at Rs 1.98 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 3.68 percent, as per CoinMarketCap data, currently priced at $0.1015. Dogecoin price in India stood at Rs 8.52.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 3.65 percent. At the time of writing, it was trading at $62.85. LTC price in India stood at Rs 5,233.90.
Ripple (XRP) Price Today
XRP price stood at $0.5721, seeing a 24-hour loss of 2.78 percent. Ripple price in India stood at Rs 47.96.
Solana (SOL) Price Today
Solana price stood at $131.16, marking a 24-hour dip of 4.46 percent. SOL price in India stood at Rs 11,239.17.
Top Crypto Gainers Today (September 16)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Nervos Network (CKB)
Price: $0.01621
24-hour gain: 4.28 percent
Helium (HNT)
Price: $7.35
24-hour gain: 2.74 percent
Beam (BEAM)
Price: $0.01446
24-hour gain: 1.49 percent
Fantom (FTM)
Price: $0.489
24-hour gain: 1.43 percent
Tether Gold (XAUt)
Price: $2,588.11
24-hour gain: 0.39 percent
Top Crypto Losers Today (September 16)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Bittensor (TAO)
Price: $299.88
24-hour loss: 8.50 percent
Brett (Based) (BRETT)
Price: $0.07494
24-hour loss: 8.26 percent
Injective (INJ)
Price: $18.41
24-hour loss: 7.84 percent
Core (CORE)
Price: $0.8859
24-hour loss: 6.96 percent
Ondo (ONDO)
Price: $0.6019
24-hour loss: 6.79 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin tested the psychological mark of $60,000 over the weekend but could not sustain the rally. Currently trading at $58,300, the profit booking was expected ahead of the Fed’s rate cut this week. BTC is gaining momentum to another rally with developments like the launch of Trump’s World Liberty Financial crypto platform today and the FOMC meeting starting tomorrow. BTC has strong support at $57,000 levels and is facing resistance closer to the $59,000 mark. Ethereum also saw the same trend, testing the $2,400 mark and falling to $2,250, breaching key support levels.”
CoinSwitch Markets Desk noted, “Unable to sustain above the 60k mark, BTC fell sharply with the asian open on Monday morning with the next big support lying around the 57.5k USD mark. The ETH/BTC pair on the other hand has reached June 2021 levels - with the world second largest crypto is likely to breach the 2L INR per ETH mark.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, "Bitcoin's 3% drop to $58,271 comes amid investor uncertainty following the Trump assassination attempt, leading to over $116M in liquidations. All eyes now turn to the Fed’s interest rate decision, with markets split between a 25 and 50 bps rate cut."
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC) bounced back to $58,000, recovering from a dip below $56,000 as the global cryptocurrency market capitalization rose to $2.05 trillion. Despite the uncertainty surrounding the US election, experts predict that Bitcoin will reach $100,000 by 2025, thanks to fiscal policy and strong institutional interest. Bitcoin miners like Marathon Digital are holding on to their BTC and investing in efficient hardware, reflecting confidence in the future of Bitcoin. The cryptocurrency's hashrate remains near all-time highs. Technical analysis shows BTC trading at $57,888, with resistance at $58,494 and support at $57,227, suggesting a cautious bullish outlook.”
Shivam Thakral, CEO of BuyUcoin, said, “In the last 7 days, Bitcoin has surged by 6.14% to $58,512.42 and Solana by 1.54%, fueling excitement in the crypto market. Grayscale's recent launch of the XRP Trust marks a pivotal moment for Ripple and the cryptocurrency market. This new trust has already spurred XRP's price, climbing to nearly $0.568, reflecting a robust increase. The potential for an XRP exchange-traded fund (ETF) is generating significant excitement among investors, as Grayscale's history suggests that this trust could pave the way for future ETF approvals.”
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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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