Cryptocurrency Price Today: Ethereum Dips To $1,800 As Top Coins Land In Reds
Cryptocurrency price on April 6 quick take: The global market cap stood at $1.19 trillion, seeing a minor 24-hour dip.
Ethereum (ETH), arguably the most popular cryptocurrency after Bitcoin (BTC), dipped down to the $1,800 range early Thursday, after scaling an eight-month high of over $1,900 a day before. BTC, on the other hand, appeared to remain stable within the $28,000 range. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — landed in the reds across the board. The Klaytn (KLAY) token emerged to be the top gainer, with a 24-hour jump of over 16 percent.
The global crypto market cap stood at $1.19 trillion at the time of writing, registering a 24-hour dip of 1.04 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $28,116.06, registering a 24-hour loss of 1.56 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 24.29 lakh.
Ethereum (ETH) price today
ETH price stood at $1,897.75, marking a 24-hour dip of 0.78 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 loss of 6.04 percent, as per CoinMarketCap data, currently priced at $0.09231. As per WazirX, Dogecoin price in India stood at Rs 7.96.
Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 1.46 percent. At the time of writing, it was trading at $92.42. LTC price in India stood at Rs 8,000.
Ripple (XRP) price today
XRP price stood at $0.5029, seeing a 24-hour loss of 0.49 percent. As per WazirX, Ripple price stood at Rs 43.45.
Solana (SOL) price today
Solana price stood at $20.81, marking a 24-hour dip of 1.58 percent. As per WazirX, SOL price in India stood at Rs 1,891.
Top crypto gainers today (April 6)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Klaytn (KLAY)
Price: $0.2626
24-hour gain: 16.02 percent
Trust Wallet Token (TWT)
Price: $1.30
24-hour gain: 8.89 percent
Flow (FLOW)
Price: $1.04
24-hour gain: 4.02 percent
GMX (GMX)
Price: $79.60
24-hour gain: 3.12 percent
Chiliz (CHZ)
Price: $0.1293
24-hour gain: 2.63 percent
Top crypto losers today (April 6)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Stacks (STX)
Price: $0.8334
24-hour loss: 7.29 percent
Solar (SXP)
Price: $0.747
24-hour loss: 7.09 percent
Lido DAO (LDO)
Price: $2.56
24-hour loss: 6.69 percent
Basic Attention Token (BAT)
Price: $0.2843
24-hour loss: 5.66 percent
Dogecoin (DOGE)
Price: $0.0924
24-hour loss: 5.61 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Most cryptocurrencies experienced a decline ahead of the release of the US non-farm payroll data on Friday. Bitcoin dipped by nearly 2 per cent over the past day and is currently trading at the $28,000 level. Meanwhile, Ethereum has been trading above the $1,900 level, which is the highest since last August, but it has since gone down by 1 percent and is currently trading at the $1,892 level. Investors and traders are preparing for the data release tomorrow, which may result in little volatility in the market.”
WazirX Vice President Rajagopal Menon said, “After fluctuating around $28,000 for the past few weeks, Bitcoin's value recently dropped below that threshold. Despite indications of economic contraction and the aftermath of the recent banking crisis, it has remained relatively stable. Meanwhile, Ethereum has held steady just below $1,900, with investors showing interest in the upcoming Shanghai hard fork on April 12. This upgrade, also known as Shapella, will complete Ethereum's transition to a PoS network and allow for staked ETH withdrawals. On WazirX, MOBOX (MBX) and Cortex (CTXC) have been the top gainers in the last 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin is still in close proximity to the $27,900 price level. However, if the BTC/USD pair can break the resistance level at $28,950, this could lead to an appreciation in the value of Bitcoin, which could take the price up to $29,200 or even $30,700, a potential gain of 4 percent to 7 percent. Conversely, if a downtrend emerges, Bitcoin price may find robust support levels around $26,600 and $25,200.”
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market saw an interesting development where ETH has outperformed BTC in the past seven days. The euphoria around the Shanghai hard fork upgrade for ETH which is slated for April 12 is drawing investors to the second-largest crypto in the world. The crypto assets across the board were trading in red while Bitcoin dominance slipped below 46 percent. Bitcoin is trading at the $28,064.50 level, marking a marginal dip from the previous day.”
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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