Cryptocurrency Price Today: Bitcoin, Ethereum See Gains Ahead Of Union Budget
Cryptocurrency price on February 1 quick take: The global market cap stood at $1.05 trillion as Finance Minister Nirmala Sitharaman prepares to present the Union Budget.
Bitcoin (BTC) and Ethereum (ETH), two of the most popular crypto coins, managed to register gains ahead of the Union Budget 2023, set to be presented by Finance Minister Nirmala Sitharaman today. Other popular altcoins — including the likes of Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — managed to see a mix of gains and losses across the board. The dYdX (DYDX) token emerged to be the biggest gainer, with a 24-hour jump of over 34 percent. Aptos (APT), on the other hand, became the top loser with a 24-hour dip of over 2 percent.
The global crypto market cap stood at $1.05 trillion at the time of writing, registering a minor 24-hour gain of 0.91 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $23,110.95, registering a 24-hour gain of 1.07 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 19.50 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,584.18, marking a 24-hour jump of 0.92 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.33 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 0.79 percent, as per CoinMarketCap data, currently priced at $0.09307. As per WazirX, Dogecoin price in India stood at Rs 7.80.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 1.37 percent. At the time of writing, it was trading at $97.02. LTC price in India stood at Rs 8,190.
Ripple (XRP) price today
XRP price stood at $0.4027, seeing a 24-hour gain of 2.90 percent. As per WazirX, Ripple price stood at Rs 33.90.
Solana (SOL) price today
Solana price stood at $23.87, marking a 24-hour loss of 0.70 percent. As per WazirX, SOL price in India stood at Rs 2,051.
Top crypto gainers today (February 1)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
dYdX (DYDX)
Price: $3.18
24-hour gain: 34.23 percent
Threshold (T)
Price: $0.05143
24-hour gain: 26.01 percent
Render Token (RNDR)
Price: $1.50
24-hour gain: 25.24 percent
Fantom (FTM)
Price: $0.5245
24-hour gain: 11.03 percent
BitDAO (BIT)
Price: $0.521
24-hour gain: 10.69 percent
Top crypto losers today (February 1)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Aptos (APT)
Price: $16.49
24-hour loss: 2.64 percent
Mina (MINA)
Price: $0.8256
24-hour loss: 1.61 percent
Dash (DASH)
Price: $60.56
24-hour loss: 1.41 percent
Hedera (HBAR)
Price: $0.06397
24-hour loss: 1.33 percent
OKB (OKB)
Price: $37.41
24-hour loss: 1.10 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “On Tuesday, Bitcoin and Ethereum continued to trade in a narrow range as investors await the US Federal Reserve's decision and India's Union Budget today. BTC was seen trading at the $23,100 mark, with a slight increase of 1.5 percent in the past 24 hours, recovering from a minor dip and eyeing its next target. Despite a lack of significant profits over the past week, BTC is holding steady. Meanwhile, Ethereum was trading at the $1,580 level and showed signs of improvement after bouncing back from its earlier lows. The next challenge for ETH would be to reach the $1,600 level.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “The price of Bitcoin is currently $23,158, with a market cap of $22 billion and a market cap of $445 billion. Bitcoin price may drop to $22,600 or $22,350 if the $23,000 support level is broken. Investing in buying positions above $23,000 is recommended with a target price of $23,550 or $24,000. Dogecoin supporters continue to aim for a medium to long-term price of $1.”
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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