Cryptocurrency Price Today: Bitcoin Rises Above $22,000 As Top Coins Land In Greens
Cryptocurrency price on February 15 quick take: The global market cap stood at $1.03 trillion early Wednesday morning.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $22,000 mark after a couple days of slump. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board. The SingularityNET (AGIX) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 23 percent. BinaryX (BNX), on the other hand, became the biggest loser.
The global crypto market cap stood at $1.03 trillion at the time of writing, registering a 24-hour gain of 2.47 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $22,123.62, registering a 24-hour gain of 1.79 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 18.70 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,550.31, marking a 24-hour gain of 3.28 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.31 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 5.54 percent, as per CoinMarketCap data, currently priced at $0.08603. As per WazirX, Dogecoin price in India stood at Rs 7.45.
Litecoin (LTC) price today
Litecoin saw a 24-hour profit of 5.36 percent. At the time of writing, it was trading at $95.74. LTC price in India stood at Rs 8,170.
Ripple (XRP) price today
XRP price stood at $0.3821, seeing a 24-hour gain of 4.12 percent. As per WazirX, Ripple price stood at Rs 32.35.
Solana (SOL) price today
Solana price stood at $21.60, marking a 24-hour jump of 3.44 percent. As per WazirX, SOL price in India stood at Rs 1,950.
Top crypto gainers today (February 15)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
SingularityNET (AGIX)
Price: $0.4497
24-hour gain: 23.55 percent
Render Token (RNDR)
Price: $1.71
24-hour gain: 17.39 percent
Oasis Network (ROSE)
Price: $0.08021
24-hour gain: 15.60 percent
ImmutableX (IMX)
Price: $1.09
24-hour gain: 15.40 percent
The Graph (GRT)
Price: $0.1696
24-hour gain: 15.02 percent
Top crypto losers today (February 15)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
BinaryX (BNX)
Price: $156.43
24-hour loss: 2.77 percent
Toncoin (TON)
Price: $2.28
24-hour loss: 2.39 percent
Maker (MKR)
Price: $733.24
24-hour loss: 2.08 percent
Fei USD (FEI)
Price: $0.9777
24-hour loss: 1.78 percent
Terra Classic (LUNC)
Price: $0.0001688
24-hour loss: 1.61 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “In the last 24 hours, most cryptocurrencies experienced a surge in value following the release of January's US Consumer Price Index (CPI) data, which reported a lower-than-expected inflation rate. Bitcoin recovered from recent lows and is presently traded above the $22,000 level, with its next resistance level at $22,260 and support level at $22,000. In parallel, Ethereum also ascended above the $1,500 level in conjunction with Bitcoin. Despite the modest gains, the overall trend in the market is slightly bearish.”
WazirX Vice President Rajagopal Menon said, “The popularity of NFTs by Ordinals protocol, which enables non-fungible tokens to be appended to Bitcoin has contributed to the rise in activity on the network. Additionally, with the increase in the number of unspent transaction outputs (UTXOs) has indicated that besides large investors, small individual investors are engaging with Bitcoin at the moment. These two factors combined have contributed to Bitcoin price in the last 24 hours. Besides this, the US SEC’s approach towards stablecoin has caused concerns among investors and the market as a whole. Overall, the price of Bitcoin and Ethereum saw an increase of 1.55 percent and 2.92 percent in the last 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin saw a slight price increase and is now trading around $22,000 after the 6.4 percent CPI data was announced. The PCE price index, the Federal Reserve's preferred gauge of inflation, is due to be released on February 24 with the current annual inflation rate at a high of 6.5 percent. Investors should monitor regulatory developments as increased scrutiny of stablecoin securitization could increase market volatility and uncertainty.”
Kunji founder Anurag Dixit offered his take, “The CPI marked in at a higher print of 6.4 instead of the expected 6.2 mark. The markets tumbled for a small time frame but saw a good turnaround, and BTC and multiple altcoins inched a little higher. The market reaction is becoming very volatile, which may cool down a bit on the data end, but fundamentally the space is facing a lot of scrutiny and challenges. The next significant market-moving data is PCE index data which is scheduled to launch on February 24."
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market cap is up by 2.41 percent in the last 24 hours led by crypto heavyweights like Bitcoin and Ethereum. BTC is back above the $22,000 mark and ETH surged by 3.34 percent and exchanging hands at $1,548. The crypto market is up despite the latest CPI data suggesting inflation numbers are higher than in January 2023. The crypto market will continue to respond sharply to macroeconomic factors in the coming weeks.”
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.
Top Headlines
Trending News
