Cryptocurrency Price Today: Ethereum Breaches $1,700 For The First Time Since September 2022
Cryptocurrency price on February 21 quick take: The global crypto market cap rose above $1.13 trillion mark for the first time this year.
Ethereum (ETH), arguably the most popular cryptocurrency after Bitcoin (BTC), managed to climb above the $1,700 mark for the first time since September 2022. BTC remained stable within the $24,000 range early Tuesday morning. Other popular altcoins — including the likes of Dogecoin (DOGE), Solana (SOL), Litecoin (LTC), and Ripple (XRP) — saw minor gains across the board. The Conflux (CFX) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 54 percent.
The global crypto market cap stood at $1.13 trillion at the time of writing, registering a 24-hour jump of 1.67 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $24,930.52, registering a 24-hour gain of 2.01 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 20.80 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,701.96, marking a 24-hour gain of 0.99 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.44 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour jump of 0.59 percent, as per CoinMarketCap data, currently priced at $0.08804. As per WazirX, Dogecoin price in India stood at Rs 7.50.
Litecoin (LTC) price today
Litecoin saw a 24-hour loss of 1.69 percent. At the time of writing, it was trading at $96.17. LTC price in India stood at Rs 8,200.
Ripple (XRP) price today
XRP price stood at $0.395, seeing a 24-hour gain of 1.70 percent. As per WazirX, Ripple price stood at Rs 33.05.
Solana (SOL) price today
Solana price stood at $26.09, marking a 24-hour jump of 0.18 percent. As per WazirX, SOL price in India stood at Rs 2,116.
Top crypto gainers today (February 21)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Conflux (CFX)
Price: $0.3423
24-hour gain: 54.65 percent
Neo (NEO)
Price: $14.88
24-hour gain: 31.56 percent
Klaytn (KLAY)
Price: $0.3343
24-hour gain: 20.13 percent
Huobi Token (HT)
Price: $6.25
24-hour gain: 16.71 percent
Bitcoin SV (BSV)
Price: $46.25
24-hour gain: 9.33 percent
Top crypto losers today (February 21)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Monero (XMR)
Price: $161.65
24-hour loss: 3.53 percent
Rocket Pool (RPL)
Price: $49.99
24-hour loss: 2.35 percent
Hedera (HBAR)
Price: $0.08575
24-hour loss: 1.89 percent
Internet Computer (ICP)
Price: $7.20
24-hour loss: 1.81 percent
Filecoin (FIL)
Price: $8.45
24-hour loss: 1.79 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “On Monday, Bitcoin continued to hover around the $25,000 mark, with a positive outlook among traders. BTC has maintained its position above its yearly peak and is currently undergoing a retest of the next resistance at the $25,000 threshold. This optimistic trend is due to easing macroeconomic conditions and restoring investor confidence in the market. If BTC can successfully surpass this next obstacle, it may signal a shift in the bear market.”
WazirX Vice President Rajagopal Menon said, “Bitcoin has seen an upward trend compared to the previous day as China-themed Layer 1s have experienced a surge this week. Similarly, Ether has followed the path of Bitcoin and observed an upward trend in the past 24 hours. The lack of recommendations for regulating digital assets in the Canadian government's recent inquiry report has raised concerns among political observers about the potential risks associated with unregulated cryptocurrency usage in the country.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin is currently trading in a range of $23,700 to $25,200 with resistance at $25,200. Technical indicators are showing divergence, indicating investor uncertainty, and a break below the $23,750 support level could trigger a further decline to the next $22,850 support level.”
Kunji founder Anurag Dixit offered his take, “Hong Kong's Securities and Futures Commission (SFC) has proposed new regulations for cryptocurrency trading platforms to improve investor protection. The rules require licensed platforms to have adequate financial resources, implement strict know-your-customer and anti-money laundering procedures and have robust cybersecurity measures. This highlights the unique nature of blockchain-based permissionless execution and its global nature where some countries are behaving stringently, while others are leading the charge."
Shivam Thakral, the CEO of BuyUCoin, said, “As predicted yesterday, the BTC broke above $25,000 briefly taking the total crypto market cap to $1.13 trillion. Ethereum has surged by over 13 percent in just seven days and is trading above the $1700 mark. In the Altcoin space; MATIC, SOL, and DOT have registered double-digit growth in the past week which is a sign of cautious buying in the crypto market. Despite Monday being a holiday in the US, crypto prices continued to surge because the crypto market runs 24x7.”
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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