Cryptocurrency Price Today: Global Market Cap Continues To Slide As Bitcoin, Ethereum Fail To Impress

Cryptocurrency price on February 14 quick take: The global market cap stood at $1.00 trillion on Tuesday.

Bitcoin price stood at $21,740.89 on Tuesday morning.

The global market cap for the crypto sector, which peaked as high as nearly $1.09 trillion only a few days ago, continued to see a steady decline as token prices continue to land in the reds across the board. Bitcoin (BTC) and Ethereum (ETH), two of the most popular crypto coins, failed to rise above the $21,000 and $1,500 mark early Tuesday morning. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), and Solana (SOL) — registered losses as well. The Curve DAO Token (CRV) managed to become the top gainer of the lot, with a 24-hour gain of over 11 percent. 

The global crypto market cap stood at $1.00 trillion at the time of writing, registering a 24-hour dip of 1.27 percent.

Bitcoin (BTC) price today

Bitcoin price stood at $21,740.89, registering a 24-hour dip of 0.47 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 18.68 lakhs.

Ethereum (ETH) price today

ETH price stood at $1,501.24, marking a 24-hour dip of 1.23 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.29 lakhs.

Dogecoin (DOGE) price today

DOGE registered a 24-hour loss of 3.27 percent, as per CoinMarketCap data, currently priced at $0.08158. As per WazirX, Dogecoin price in India stood at Rs 7.11.

Litecoin (LTC) price today

Litecoin saw a 24-hour dip of 2.18 percent. At the time of writing, it was trading at $90.90. LTC price in India stood at Rs 7,800.01.

Ripple (XRP) price today

XRP price stood at $0.3684, seeing a 24-hour loss of 1.24 percent. As per WazirX, Ripple price stood at Rs 31.45.

Solana (SOL) price today

Solana price stood at $20.92, marking a 24-hour dip of 0.47 percent. As per WazirX, SOL price in India stood at Rs 1,900. 

Top crypto gainers today (February 14)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Curve DAO Token (CRV)

Price: $1.03
24-hour gain: 11.39 percent

GMX (GMX)

Price: $68.93
24-hour gain: 8.37 percent

Maker (MKR)

Price: $744.70
24-hour gain: 8.10 percent

Aave (AAVE)

Price: $81.08
24-hour gain: 5.62 percent

Aptos (APT)

Price: $13.82
24-hour gain: 5.15 percent

Top crypto losers today (February 14)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Mina (MINA)

Price: $0.9271
24-hour loss: 9.23 percent

Render Token (RNDR)

Price: $1.46
24-hour loss: 8.88 percent

Rocket Pool (RPL)

Price: $40.62
24-hour loss: 8.08 percent

SingularityNET (AGIX)

Price: $0.3621
24-hour loss: 7.78 percent

Oasis Network (ROSE)

Price: $0.06941
24-hour loss: 7.77 percent

What crypto exchanges are saying about the current market scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin continued to experience a decline in trading over the past 24 hours, as market sentiment remains bearish in anticipation of the upcoming US inflation report. The bears have taken control over the bulls, resulting in BTC trading at a multi-week low. The immediate support for BTC is at the $21,650 level, while resistance is at the $21,800 level. Meanwhile, Ethereum also saw a drop to a one-month low. ETH is currently fluctuating between the $1,400 and  $1,500 levels without the necessary momentum for a mid-term price recovery.”

WazirX Vice President Rajagopal Menon said, “The Crypto market continues to face global regulatory challenges as the US Securities and Exchange Commission (SEC) classifies Binance’s stablecoin BUSD as an unregistered security and ordered Crypto firm Paxos to stop issuing the token with immediate effect. This lawsuit has been followed by a rise in token withdrawals from Binance. Hong Kong and Singapore are working towards developing their respective stablecoins with adequate coordination from regulators. Bitcoin and Ethereum prices continue to be the same with minimal price decreases of 0.40 percent and 1.06 percent, respectively, in the last 24 hours.”

Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin is nearing the 38.6 percent retracement to $21,290 and a break could lead to a drop to $20,300. If the candles close above $21,300, there is a chance for an upside jump to $22,375 with increased buying pressure potentially pushing the price to $24,260.”

Kunji founder Anurag Dixit offered his take, “The US consumer price index (CPI) is set to release today. A lot of volatility has arisen suddenly due to conflicting comments from slightly Fed Members, and the sudden change in the way of CPI calculation. It is expected to show that inflation was strong in January, with an annual growth rate of 6.2 percent. If the actual reading is hotter than expected, it could imply that monetary tightening is not working, potentially forcing the Federal Reserve into a more aggressive posture."

Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market is feeling the pressure of regulatory concerns in the US as BTC continues to trade below the $22,000 mark while Ether slipped below the $1,500 mark. Most of the digital assets are in red as investors are parking their funds in less volatile assets for better times. The latest regulatory developments in the US will strengthen Asia’s position as a global hub for the digital asset industry.” 

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.