Cryptocurrency Price Today: Bitcoin Climbs Above $27,000, Flare Becomes Top Gainer

Cryptocurrency price on September 20 quick take: The global market cap stood at $1.07 trillion.

Bitcoin price stood at $27,124.59 on Wednesday.

Source : Getty

Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to climb above the $27,000 mark early Wednesday. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw a mix of minor gains and losses across the board. Flare (FLR) went on to become the biggest gainer, with a 24-hour jump of nearly 7 percent. eCash (XEC) became the biggest loser, with a 24-hour dip of over 3 percent. 

The global crypto market cap stood at $1.07 trillion at the time of writing, registering a 24-hour gain of 0.78 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $27,124.59, registering a 24-hour jump of 1.03 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 23.22 lakh.

Ethereum (ETH) Price Today

ETH price stood at $1,638.42, marking a 24-hour gain of 0.14 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.41 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour loss of 0.03 percent, as per CoinMarketCap data, currently priced at $0.06246. As per WazirX, Dogecoin price in India stood at Rs 5.39.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour gain of 0.07 percent. At the time of writing, it was trading at $66.89. LTC price in India stood at Rs 5,640.

Ripple (XRP) Price Today

XRP price stood at $0.5214, seeing a 24-hour jump of 2.32 percent. As per WazirX, Ripple price stood at Rs 44.78.

Solana (SOL) Price Today

Solana price stood at $19.89, marking a 24-hour dip of 0.06 percent. As per WazirX, SOL price in India stood at Rs 1,737.19. 

Top Crypto Gainers Today (September 20)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Flare (FLR)

Price: $0.01178
24-hour gain: 6.59 percent

XDC Network (XDC)

Price: $0.05481
24-hour gain: 4.57 percent

GMX (GMX)

Price: $346.03
24-hour gain: 3.86 percent

KuCoin Token (KCS)

Price: $4.49
24-hour gain: 3.50 percent

Toncoin (TON)

Price: $2.52
24-hour gain: 3.27 percent

Top Crypto Losers Today (September 20)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

eCash (XEC)

Price: $0.00002564
24-hour loss: 3.48 percent

Sui (SUI)

Price: $0.4446
24-hour loss: 2.20 percent

Frax Share (FXS)

Price: $5.29
24-hour loss: 1.87 percent

Gala (GALA)

Price: $0.01415
24-hour loss: 1.41 percent

VeChain (VET)

Price: $0.01754
24-hour loss: 1.38 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin's price has exceeded the $27,000 mark. This positive price movement could be because Nomura, a prominent investment bank in Japan, announced the launch of a Bitcoin-based fund catering to institutional investors. Market sentiments range between neutral and bullish as market participants await the US Federal Reserve’s FOMC decision regarding federal interest rates. Meanwhile, Ethereum maintains its trading position above the $1,600 mark. Interestingly, Grayscale recently submitted an application to the US SEC for a new Ethereum Futures ETF.”

Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “Crypto markets continue to rise for another day. As per CoinGecko, the global crypto M.Cap (+1.3 percent) continues to inch towards the $1.12 trillion mark. The crypto fear and greed index re-entered the neutral zone for the first time in September, as it stands at a score of 47/100. However, we can expect some volatility in the markets as the U.S. Federal Reserve is expected to announce its interest rate decision today. The Federal Open Market Committee (FOMC) meeting has been ongoing since yesterday, and the interest rates are expected to remain the same. However, any rise in interest rates will lead to a sell-off for risky assets while a rate cut can induce a rally.”

Rajagopal Menon, Vice President, WazirX, said, “Bitcoin ascended above $27,200, while Ether remained stable around $1,640. Japan's top investment bank, Nomura, made a significant contribution to the crypto market by unveiling the Bitcoin Adoption Fund through its digital asset subsidiary, Laser Digital. This fund is designed to offer institutional investors a seamless entry into the digital asset class.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin recently broke the long-term resistance at $26,800, attributed to the “double top” pattern seen in the four-hour period. This breach also marked a successful breakout of the previous downtrend line, signalling the potential for a continued bullish trend. A dominant bullish candle on the 4-hour chart suggests strong bullish momentum with an immediate resistance or target around $27,500 and the possibility of testing $27,900 if the momentum holds. A sustained upside run could push Bitcoin to the $28,800 level and beyond. Critical support now lies at $26,800, once a resistance level, with potential secondary support at $26,300. Vigilance at $26,800 is essential; staying above is bullish, while falling below may require caution and consideration of short positions.”

Shivam Thakral, the CEO of BuyUCoin, said, “The overall crypto market cap jumped by 1.03 percent to touch the $1.08 trillion mark with BTC and ETH leading the effort. BTC registered its best performance in 2 weeks to breach the $27,000 mark while ETH changed hands above the $1,600 level. Market gurus are suggesting that the US Fed may pause the rate hike but didn’t rule out the future rate hikes. If the borrowing cost remains unchanged, it may prove beneficial for the market in the long term.” 

CoinDCX Research Team told ABP Live, “In the past 24 hours, Bitcoin's value has increased by over 1 percent, reaching Rs 23,54,000 ($27,100). Currently, Bitcoin is trading at its 50-day Simple Moving Average, which has previously acted as a resistance level. It's worth noting that Bitcoin's open interest has also seen a recent increase. Furthermore, Citi is making significant advancements in its services for institutional clients by embracing blockchain technology. Citi Token Services, introduced on Monday, allows clients to tokenize their deposits for instant global transfers. Additionally, the bank is now utilizing smart contracts to automate the trade process. These developments are positive for the cryptocurrency space.”

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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.