Cryptocurrency Price Today (September 5): Bitcoin Stable At $57,000, Injective Becomes Top Gainer
Cryptocurrency price on September 5 quick take: The global market cap dipped to $2 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $57,000 mark early Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board as the overall Market Fear & Greed Index stood at 34 (Fear) out of 100, as per CoinMarketCap data. The Injective (INJ) token emerged to be the biggest gainer of the lot, with a 24-hour jump of nearly 11 percent. Toncoin (TON) became the biggest loser, with a 24-hour dip of over 4 percent.
The global crypto market cap stood at $2 trillion at the time of writing, registering a 24-hour jump of 1.30 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $57,086.18, registering a 24-hour gain of 1.40 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 48.43 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,404.65, marking a 24-hour jump of 1.49 percent at the time of writing. Ethereum price in India stood at Rs 2.06 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 2.17 percent, as per CoinMarketCap data, currently priced at $0.09688. Dogecoin price in India stood at Rs 7.98.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 0.71 percent. At the time of writing, it was trading at $65.23. LTC price in India stood at Rs 5,325.75.
Ripple (XRP) Price Today
XRP price stood at $0.5537, seeing a 24-hour gain of 0.44 percent. Ripple price in India stood at Rs 50.18.
Solana (SOL) Price Today
Solana price stood at $132.34, marking a 24-hour jump of 3.75 percent. SOL price in India stood at Rs 11,376.60.
Top Crypto Gainers Today (September 5)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Injective (INJ)
Price: $17.18
24-hour gain: 10.94 percent
Helium (HNT)
Price: $7.88
24-hour gain: 9.68 percent
Aave (AAVE)
Price: $133.60
24-hour gain: 8.40 percent
Conflux (CFX)
Price: $0.1329
24-hour gain: 8.03 percent
Starknet (STRK)
Price: $0.3942
24-hour gain: 6.70 percent
Top Crypto Losers Today (September 5)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Toncoin (TON)
Price: $4.58
24-hour loss: 4.26 percent
Celestia (TIA)
Price: $4.08
24-hour loss: 3.04 percent
Notcoin (NOT)
Price: $0.007406
24-hour loss: 2.95 percent
Aptos (APT)
Price: $5.95
24-hour loss: 2.56 percent
Mantra (OM)
Price: $0.9224
24-hour loss: 2.56 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has been trading within a range of $55,000 to $65,000 over the past month. Although it's down 22% from its all-time high of $73,800, it remains 124% higher than a year ago. Currently, Bitcoin lacks the momentum for a decisive breakout, and it continues to consolidate. The next key support level is at $55,200, where buyers may step in, while resistance is at $58,800, a level it needs to break to gain further bullish momentum. Traders and investors are watching closely for signs of strength or weakness around these crucial levels.”
CoinSwitch Markets Desk noted, “Unable to sustain the 58k USD mark, BTC is trying hard to hold just above the important 57k USD mark to give bulls some hopes of a reversal from this point of time. However, all eyes will be on the US economic data of Non-farm payrolls today, which could further trigger a violent move in Bitcoin.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin faced rejection after testing its 50% retracement level at $59,560, falling 2.78% on Tuesday and another 1.5% to $56,622 on Wednesday. It is now testing daily support at $56,022. A close below this support could signal a further decline to around $54,000. The Relative Strength Index (RSI) and Awesome Oscillator (AO) are both below their neutral levels, indicating weak momentum and a likely continuation of the downtrend. Conversely, if Bitcoin breaks above $59,560 and closes above $62,019, which is the 61.8% Fibonacci retracement level, the bearish outlook may be invalid. In this case, Bitcoin could rise by 5.5% and approach resistance at $65,379.”
Shivam Thakral, CEO of BuyUcoin, said, “In a remarkable turn of events, the cryptocurrency market has rebounded, with Bitcoin climbing 1%, Ethereum gaining 1.8%, and Dogecoin rising by 0.9%, culminating in an overall market increase in just 24 hours. This recovery follows earlier declines driven by weak macroeconomic data and concerns surrounding Nvidia's impact on risk assets.”
CoinDCX Research Team told ABP Live, “The crypto market saw an uptick following a lower-than-expected U.S. job openings data announcement. BTC remains choppy in the shorter time frame but looks bullish on the higher time frame. While most altcoins are following BTC's direction, a few are weak and underperforming. Tomorrow's U.S. unemployment rate announcement is a significant event that could induce more volatility in the market.”
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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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