Cryptocurrency Price Today: Bitcoin, Ethereum Fail To Impress As Market Faces Doldrums
Cryptocurrency price on April 3 quick take: The global market cap dipped to $1.16 trillion over the weekend.
Bitcoin (BTC) and Ethereum (ETH), two of the most popular crypto coins in the world, remained within the $27,000 and $1,700 range, respectively, early Monday. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the reds across the board. The ApeCoin (APE) token managed to emerge as the biggest gainer of the lot, with a 24-hour jump of nearly 3 percent. Conflux (CFX) became the top loser, with a 24-hour loss of over 8 percent.
The global crypto market cap stood at $1.16 trillion at the time of writing, registering a 24-hour loss of 2.29 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $27,686.26, registering a 24-hour loss of 2.67 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 24.35 lakh.
Ethereum (ETH) price today
ETH price stood at $1,775.31, marking a 24-hour dip of 2.27 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.53 lakh.
Dogecoin (DOGE) price today
DOGE registered a 24-hour loss of 8.15 percent, as per CoinMarketCap data, currently priced at $0.0774. As per WazirX, Dogecoin price in India stood at Rs 6.83.
Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 0.97 percent. At the time of writing, it was trading at $91.67. LTC price in India stood at Rs 7,849.26.
Ripple (XRP) price today
XRP price stood at $0.51, seeing a 24-hour loss of 0.85 percent. As per WazirX, Ripple price stood at Rs 44.34.
Solana (SOL) price today
Solana price stood at $20.11, marking a 24-hour dip of 4.35 percent. As per WazirX, SOL price in India stood at Rs 1,928.
Top crypto gainers today (April 3)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
ApeCoin (APE)
Price: $4.31
24-hour gain: 2.90 percent
Aptos (APT)
Price: $11.46
24-hour gain: 2.48 percent
Stacks (STX)
Price: $0.8841
24-hour gain: 1.40 percent
EOS (EOS)
Price: $1.20
24-hour gain: 1.09 percent
Decentraland (MANA)
Price: $0.5939
24-hour gain: 1.07 percent
Top crypto losers today (April 3)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Conflux (CFX)
Price: $0.3536
24-hour loss: 8.09 percent
Dogecoin (DOGE)
Price: $0.07746
24-hour loss: 7.81 percent
Basic Attention Token (BAT)
Price: $0.261
24-hour loss: 7.52 percent
Loopring (LRC)
Price: $0.3524
24-hour loss: 7.37 percent
ImmutableX (IMX)
Price: $1.03
24-hour loss: 6.03 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the last 24 hours, Bitcoin has traded below the $28,000 range, as investors hold off for new productivity and employment data in the U.S this week. Despite climbing above the $28,500 resistance level earlier in the weekend, BTC has since undergone a correction. The immediate support currently sits at the $27,500 level, while the resistance can be found at the $28,100 zone and the trendline. Meanwhile, Ethereum is being traded at the $1,700 level, and Ethereum developers are eagerly anticipating the upcoming Shanghai update on April 12, which will signify Ethereum's full transition to PoS.”
WazirX Vice President Rajagopal Menon said, “The overall moving average for Bitcoin has indicated a ‘Strong Buy’ signal as the token held its position above $28,000 in the last 24 hours. Bitcoin has maintained its stability at late March levels over the weekend. Due to the recent bank failures, inflation, and regulatory actions, Bitcoin has demonstrated its resilience, causing investors to measure the potential impact on its price. On WazirX, NKN (NKN) and ApeCoin (APE) have been the top gainers in the last 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin's current price is $27,600 and hovers around a key trading range of $28,200 to $28,900. A definitive breakout from this range will play a significant role in determining the future direction of Bitcoin's price. Meanwhile, DOGE is trading at 0.07721, down 8 percent, while SHIB is trading at 0.000105, down 6 percent.”
Shivam Thakral, the CEO of BuyUCoin, said, “Investors are looking forward to two major US economic indicators — employment and productivity data this week. Bitcoin jumped by 21 percent last month and emerged as one of the best-performing assets while Ether surged by over 13 percent during the same period. Macroeconomic factors like inflation, banking turmoil, and regulatory developments will be some of the key price movers in the coming weeks. Sharp focus on DeFi may prove beneficial for digital assets, especially BTC.”
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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