Cryptocurrency Price Today: Bitcoin Dips Below $24,000 As Global Market Cap Plunges
Cryptocurrency price on February 24 quick take: The global crypto market cap stood at $1.09 trillion on Friday morning.
Bitcoin (BTC), the oldest and most valued crypto in the world, dipped below the $24,000 mark early Friday, as overall coin prices took a plunge. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the reds across the board. The Bone ShibaSwap (BONE) token managed to become the top gainer, with a 24-hour jump of nearly 10 percent. The NEO token emerged as the biggest loser, with a 24-hour dip of over 10 percent.
The global crypto market cap stood at $1.09 trillion at the time of writing, registering a 24-hour dip of 1.67 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $23,976.21, registering a 24-hour loss of 2.06 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 20.51 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,650.94, marking a 24-hour loss of 1.09 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.42 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour loss of 1.77 percent, as per CoinMarketCap data, currently priced at $0.08443. As per WazirX, Dogecoin price in India stood at Rs 7.37.
Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 1.26 percent. At the time of writing, it was trading at $94.50. LTC price in India stood at Rs 7,953.32.
Ripple (XRP) price today
XRP price stood at $0.39, seeing a 24-hour loss of 1.47 percent. As per WazirX, Ripple price stood at Rs 33.20.
Solana (SOL) price today
Solana price stood at $23.83, marking a 24-hour dip of 2.78 percent. As per WazirX, SOL price in India stood at Rs 2,071.
Top crypto gainers today (February 24)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Bone ShibaSwap (BONE)
Price: $2.04
24-hour gain: 9.58 percent
Optimism (OP)
Price: $3.00
24-hour gain: 8.58 percent
Stacks (STX)
Price: $0.8405
24-hour gain: 6.79 percent
Theta Network (THETA)
Price: $1.24
24-hour gain: 3.25 percent
GateToken (GT)
Price: $5.25
24-hour gain: 3.24 percent
Top crypto losers today (February 24)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Neo (NEO)
Price: $12.35
24-hour loss: 10.59 percent
Ankr (ANKR)
Price: $0.0469
24-hour loss: 9.47 percent
Tezos (XTZ)
Price: $1.31
24-hour loss: 9.41 percent
Fantom (FTM)
Price: $0.4908
24-hour loss: 5.33 percent
Loopring (LRC)
Price: $0.40
24-hour loss: 5.22 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Most cryptocurrencies traded sideways on Thursday as investors continued evaluating U.S. monetary policy and employment data. Despite a 74 percent increase from its lowest point last month, BTC trades below the$24,000 level. BTC's support level is $23,800, while resistance is $24,200. BTC has shown significant growth this year, with a remarkable 40 percent increase. Ethereum, on the other hand, remains relatively stable, trading at the $1,650 level.”
WazirX Vice President Rajagopal Menon said, “Bitcoin has seen a slight drop compared to the last 24 hours as the Central Bank of the US saga continues, and some data suggests that inflation would remain problematic. On the other hand, ether saw an increase in its price in the past 24 hours.”
Kunji founder Anurag Dixit offered his take, “Today's scheduled release of the core PCE data for the United States is of great importance to market outlook, as it is a key factor that the Federal Reserve considers when making decisions on monetary policy. With differing views among Fed members on the best way forward, it is anticipated that market volatility will continue to be significant in the weeks ahead."
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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