Cryptocurrency Price Today: Bitcoin Breaches $30,000 For The First Time Since June 2022
Cryptocurrency price on April 11 quick take: The global market cap rose to $1.23 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to climb above the $30,000 mark for the first time since June last year. The bull run comes as March’s collapse of Silicon Valley Bank and other crypto-friendly institutions fade into the distance and investor confidence sees a spike in the sector. Thanks to BTC’s boost, top altcoins such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC) managed to land in the greens across the board. Render Token (RNDR) emerged to be the biggest gainer of the lot, with a 24-hour jump of over 17 percent.
The global crypto market cap stood at $1.23 trillion at the time of writing, registering a 24-hour gain of 4.08 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $30,094.37, registering a 24-hour gain of 6.34 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25.46 lakh.
Ethereum (ETH) price today
ETH price stood at $1,924.36, marking a 24-hour jump of 3.52 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.65 lakh.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 1.76 percent, as per CoinMarketCap data, currently priced at $0.08468. As per WazirX, Dogecoin price in India stood at Rs 7.35.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 4.21 percent. At the time of writing, it was trading at $94.33. LTC price in India stood at Rs 8,100.69.
Ripple (XRP) price today
XRP price stood at $0.5159, seeing a 24-hour jump of 2.36 percent. As per WazirX, Ripple price stood at Rs 44.01.
Solana (SOL) price today
Solana price stood at $21.14, marking a 24-hour gain of 4.50 percent. As per WazirX, SOL price in India stood at Rs 1,857.
Top crypto gainers today (April 11)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Render Token (RNDR)
Price: $1.53
24-hour gain: 17.14 percent
Conflux (CFX)
Price: $0.4328
24-hour gain: 15.95 percent
Stacks (STX)
Price: $0.9539
24-hour gain: 10.20 percent
Injective (INJ)
Price: $6.24
24-hour gain: 9.99 percent
Rocket Pool (RPL)
Price: $47.63
24-hour gain: 6.68 percent
Top crypto losers today (April 11)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
XDC Network (XDC)
Price: $0.04149
24-hour loss: 1.43 percent
Toncoin (TON)
Price: $2.20
24-hour loss: 0.81 percent
Monero (XMR)
Price: $159.93
24-hour loss: 0.33 percent
Trust Wallet Token (TWT)
Price: $1.24
24-hour loss: 0.17 percent
Enjin Coin (ENJ)
Price: $0.4335
24-hour loss: 0.15 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has surpassed the $30,000 threshold for the first time since June of last year. This surge comes as investors seem to be optimistic towards this week’s US inflation data anticipating it could influence the Federal Reserve’s monetary policy trajectory and the banking turbulence from March fades into the distance. BTC has risen by 6 percent and the new resistance level is now set at $30,500. In the event that BTC is unable to surpass this resistance, the next level of support would be at $29,200. Year-to-date, BTC has increased by 80 percent, having begun 2023 at a price of $16,600. Meanwhile, Ethereum has also experienced an upward trend, with a 3 percent rise and trading at the $1,921 level.”
WazirX Vice President Rajagopal Menon said, “Crypto tokens saw a price surge following Bitcoin’s 10-month high at $30,000. The market shows a positive sentiment towards BTC as their perception of the dollar weakens. Regulations continue to take shape across the world amidst price surges. Web3 companies are gradually turning more focus towards developing the ecosystem in Asia.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin is trading around $30,000, having broken through a significant resistance level at $29,200. Another formidable hurdle for Bitcoin lies at $31,500, and if successfully overcome, it could lead to an increase in value up to $40,400. Meanwhile, Ethereum is trading at around $1,924.”
Shivam Thakral, the CEO of BuyUCoin, said, “As expected, Bitcoin has entered an early bull phase by breaching the $30,000 mark for the first time since June 2022. The crypto market cap is at a whopping $1.23 trillion mark with BTC and ETH leading the effort. The combined effect of the Shanghai Ethereum upgrade, Bitcoin halving, and other macroeconomic factors are currently driving the momentum in the crypto market. As Bitcoin price rises, we may also see some investors liquidating their positions to book profit, which may result in a healthy pullback.”
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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