Cryptocurrency Price Today: Bitcoin Remains Below $27,000, Frax Share Becomes Top Gainer
Cryptocurrency price on September 26 quick take: The global market cap rose to $1.05 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, remained below the $27,000 mark early Tuesday. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw minor gains across the board. Frax Share (FXS) went on to become the biggest gainer, with a 24-hour jump of over 5 percent. Algorand (ALGO) became the biggest loser, with a 24-hour dip of nearly 4 percent.
The global crypto market cap stood at $1.05 trillion at the time of writing, registering a 24-hour gain of 0.70 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $26,342.75, registering a 24-hour gain of 0.70 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 22.52 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,591.97, marking a 24-hour jump of 0.95 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.35 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 0.29 percent, as per CoinMarketCap data, currently priced at $0.06106. As per WazirX, Dogecoin price in India stood at Rs 5.22.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 0.74 percent. At the time of writing, it was trading at $64.66. LTC price in India stood at Rs 5,502.33.
Ripple (XRP) Price Today
XRP price stood at $0.5058, seeing a 24-hour gain of 0.75 percent. As per WazirX, Ripple price stood at Rs 43.24.
Solana (SOL) Price Today
Solana price stood at $19.46, marking a 24-hour loss of 0.19 percent. As per WazirX, SOL price in India stood at Rs 1,693.92.
Top Crypto Gainers Today (September 26)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Frax Share (FXS)
Price: $5.76
24-hour gain: 5.85 percent
Chainlink (LINK)
Price: $7.54
24-hour gain: 4.69 percent
Maker (MKR)
Price: $1,335.19
24-hour gain: 4.31 percent
GMX (GMX)
Price: $35.01
24-hour gain: 3.75 percent
Aptos (APT)
Price: $5.61
24-hour gain: 3.41 percent
Top Crypto Losers Today (September 26)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Algorand (ALGO)
Price: $0.09792
24-hour loss: 3.80 percent
Render (RNDR)
Price: $1.50
24-hour loss: 3.79 percent
Compound (COMP)
Price: $39.56
24-hour loss: 3.48 percent
Immutable (IMX)
Price: $0.6017
24-hour loss: 2.28 percent
Toncoin (TON)
Price: $2.16
24-hour loss: 2.22 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is currently priced above the $26,200 threshold. This slight positive shift in value could be attributed to the news of MicroStrategy (MSTR) purchasing approximately $150 million worth of bitcoin (BTC) from August 1st to September 24th. Meanwhile, Ethereum has been trading sideways between $1,550 and $1,600.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “The crypto market has traded sideways with slight buying pressure. As per CoinGecko, the global crypto M.Cap (+0.7 percent) continues to be above the $1 trillion level. Continuing its oscillation between the neutral and fear zones, the crypto fear and greed index is back in the fear zone with a score of 46/100 after shedding off a point since yesterday. Markets at large, including crypto and even global equities, are currently dealing with the rate hike concerns and rising treasury yields.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin showed minimal movement below $26,300, while Ether experienced a slight increase but stayed below the $1,600 threshold. Both cryptocurrencies, alongside global equities, are contending with mounting pressure arising from concerns about interest rate hikes and increasing treasury yields. These market dynamics have disrupted a four-day losing streak brought on by the US Federal Reserve's hawkish stance. On WazirX, Cream Finance (CREAM) and Loom Network (LOOM) have been the top gainers in the last 24 hours.”
Shivam Thakral, CEO of BuyUcoin, said, “The overall crypto market cap jumped to 1.05 trillion after the news of MicroStrategy adding more Bitcoin to its kitty became public. It is important to note that MicroStrategy has been buying more Bitcoin during the price dip and it now holds $4.68 billion worth of BTC. Fed Chairman Powell’s speech on Thursday may have a significant impact on the crypto market as he may give clarity on the next rate hike. The markets are expected to remain choppy in the coming weeks due to uncertain macroeconomic factors. BTC and ETH are hovering around $26,359.56 and $1,592.93 respectively.”
CoinDCX Research Team told ABP Live, “In the last 24 hours, Bitcoin (BTC) experienced a dip to $26,000 level but subsequently recovered, currently trading around $26,300. Ethereum (ETH) has been maintaining its position above a crucial support level of $1,550. On a positive note, MicroStrategy's chair, Michael Saylor, announced that the company invested $147.3 million to acquire an additional 5,445 BTC on September 24. This new purchase brings MicroStrategy's total Bitcoin holdings to an impressive 158,245 coins. However, it's noteworthy that the BTC price didn't react much following this news.”
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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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