Cryptocurrency Price Today: Ethereum Crosses $1,600, Bitcoin Cash Becomes Top Gainer
Cryptocurrency price on September 28 quick take: The global market cap stood at $1.05 trillion.
Ethereum (ETH), the most popular cryptocurrency after Bitcoin (BTC), managed to climb above the $1,600 mark for the first time in over a week. BTC, on the other hand, dwelled within the $26,000 range. Other popular altcoins — including the likes of Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — traded sideways across the board. Bitcoin Cash (BCH) became the biggest gainer, with a 24-hour jump of over 6 percent. The Immutable (IMX) token emerged to be 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 0.32 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $26,342.12, registering a 24-hour gain of 0.29 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 22.65 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,603.74, marking a 24-hour jump of 0.57 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.38 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 0.47 percent, as per CoinMarketCap data, currently priced at $0.06044. As per WazirX, Dogecoin price in India stood at Rs 5.23.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 1.01 percent. At the time of writing, it was trading at $63.30. LTC price in India stood at Rs 5,400.54.
Ripple (XRP) Price Today
XRP price stood at $0.4974, seeing a 24-hour dip of 1.01 percent. As per WazirX, Ripple price stood at Rs 42.65.
Solana (SOL) Price Today
Solana price stood at $19.21, marking a 24-hour gain of 1.02 percent. As per WazirX, SOL price in India stood at Rs 1,664.99.
Top Crypto Gainers Today (September 28)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Bitcoin Cash (BCH)
Price: $229.40
24-hour gain: 6.82 percent
Maker (MKR)
Price: $1,485.66
24-hour gain: 5.42 percent
Terra Classic (LUNC)
Price: $0.00006447
24-hour gain: 5.14 percent
Chainlink (LINK)
Price: $7.66
24-hour gain: 4.56 percent
Pepe (PEPE)
Price: $0.0000007358
24-hour gain: 4.35 percent
Top Crypto Losers Today (September 28)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Immutable (IMX)
Price: $0.5587
24-hour loss: 3.76 percent
Curve DAO Token (CRV)
Price: $0.5109
24-hour loss: 2.37 percent
1inch Network (1INCH)
Price: $0.2627
24-hour loss: 2.17 percent
Casper (CSPR)
Price: $0.03089
24-hour loss: 2.04 percent
MultiversX (EGLD)
Price: $23.82
24-hour loss: 2.02 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “Bitcoin (BTC, +0.3 percent), in the last 24 hours, showed a small pump, breaking over $26,500 for a brief period before facing resistance at its 50-Day Exponential Moving Average (50EMA). The markets are calling for a $30,000 level for BTC soon. However, a support level at $26,000 has to be maintained to expect an upside movement in the short term. On the other hand, the (in)famous coin Terra LUNA or LUNA2 (+20.5 percent) has been pumping. This price action is being attributed to LUNA’s community passing a proposal that makes them move away with the minting of new USTC stablecoins, which was the supposed-to-be stable coin of the Terra Luna ecosystem, UST. This is happening in the wake of LUNA founder Do Kwon's lawyers having replied to his extradition request from the United States authorities.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin and Ethereum have shown recovery in prices. The market dynamics are set to shift as China slowly starts embracing crypto. The US government shutdown might disrupt ongoing plans for interest rates by the Fed, prompting a whole new approach. The government’s decisions on crypto regulations might also see a shift or delay with impending developments.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is showing a bullish bias as it has recently failed to hold above $26,750. It bounced off the $26,000 support, a crucial psychological level, on the 4-hour chart. The $26,779 mark formed a strong double-top pattern that acted as resistance. Although it has bounced back from this level, it remains above the $22,000 support. A hold above $26,000 could target $26,750 and potentially $27,450. Leading indicators show mixed sentiment with 50-day EMA around $26,300 and BTC price fluctuating, RSI in the sell zone but MACD presenting bullish signals. The pivotal $26,000 level will dictate Bitcoin's bullish or bearish tendencies for investors to watch closely.”
Shivam Thakral, CEO of BuyUcoin, said, “The overall crypto market cap witnessed a jump of 0.5 percent and touched the $1.5 trillion mark. BTC and ETH witnessed marginal fluctuation in their value and are currently trading at $26,330.60 and $1,603.02 levels respectively. The rate hike fears may keep traders away from riskier assets for some time but the situation may change if macroeconomic factors turn favourable.”
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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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