Cryptocurrency Price Today: Bitcoin Remains Below $26,000, TWT Becomes Biggest Gainer
Cryptocurrency price on September 12 quick take: The global market cap remained at $1.03 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, remained below the $26,000 mark early Tuesday. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw a mix of reds and greens across the board. Trust Wallet Token (TWT) went on to become the biggest gainer, with a 24-hour jump of over 8 percent. Arbitrum (ARB) became the biggest loser, with a 24-hour dip of over 5 percent.
The global crypto market cap stood at $1.03 trillion at the time of writing, registering a 24-hour dip of 0.60 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $25,903.18, registering a 24-hour gain of 0.81 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 22.64 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,590., marking a 24-hour loss of 1.22 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.37 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 0.67 percent, as per CoinMarketCap data, currently priced at $0.06159. As per WazirX, Dogecoin price in India stood at Rs 5.34.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 1.65 percent. At the time of writing, it was trading at $60.27. LTC price in India stood at Rs 5,224.97.
Ripple (XRP) Price Today
XRP price stood at $0.4789, seeing a 24-hour dip of 3.54 percent. As per WazirX, Ripple price stood at Rs 42.40.
Solana (SOL) Price Today
Solana price stood at $18.13, marking a 24-hour loss of 0.90 percent. As per WazirX, SOL price in India stood at Rs 1,550.10.
Top Crypto Gainers Today (September 12)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Trust Wallet Token (TWT)
Price: $0.8074
24-hour gain: 8.28 percent
Optimism (OP)
Price: $1.34
24-hour gain: 5.76 percent
Frax Share (FXS)
Price: $5.15
24-hour gain: 2.77 percent
Astar (ASTR)
Price: $0.06012
24-hour gain: 2.03 percent
GMX (GMX)
Price: $31.70
24-hour gain: 1.66 percent
Top Crypto Losers Today (September 12)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Arbitrum (ARB)
Price: $0.785
24-hour loss: 5.88 percent
Klaytn (KLAY)
Price: $0.1239
24-hour loss: 5.51 percent
Flare (FLR)
Price: $0.01183
24-hour loss: 5.04 percent
UNUS SED LEO (LEO)
Price: $3.66
24-hour loss: 4.81 percent
Quant (QNT)
Price: $93.53
24-hour loss: 4.41 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin’s value dipped to approximately $24,930 before finding stability around $25,000. Consequently, the total valuation of the cryptocurrency market dropped below $1 trillion, marking its lowest point since March of this year. Nevertheless, the market swiftly recovered, consolidating at a value exceeding $1.2 trillion as it regained stability. This notable 2 percent+ decrease in Bitcoin's price over the past 24 hours could potentially be attributed to market concerns regarding selling pressure stemming from the bankrupt exchange FTX. Meanwhile, Ethereum has maintained its trading value above $1,540. Additionally, Bitget, a prominent Crypto Derivatives Exchange, unveiled the Bitget EmpowerX Fund, committing to allocate $100 million to bolster the company's presence in the cryptocurrency industry. The market is anticipating the release of the US Consumer Price Index data for August tomorrow.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “In the last 24 hours, Bitcoin (BTC, -1.3 percent) briefly lost its crucial support at $25,000 for the first time in almost three months. For BTC to not enter panic mode, $24,500 support has to be maintained; a level above which BTC has trading for almost 6 months now. ETH (-2.8 percent), too, slid past its support at $1,600 and is currently trading around $1,550.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The "Three Black Crows" candlestick pattern in 4hour time frame signals the continuation of the bearish trend. Bitcoin is currently in oversold territory with indicators such as the RSI below 30, indicating an exhaustion of sellers, which may lead to a brief bullish correction before another downtrend. MACD is also in a sell zone with bearish histograms below zero. Bitcoin price is below the 50-day EMA at $25,500, reinforcing bearish sentiment. Bitcoin may face resistance around $25,400 and a small bullish correction to $25,600 may precede a deeper decline towards $24,800. A break below $24,800 could lead to support at $24,000. The descending trend line at $25,600 is a significant barrier, but a bullish breakout could push Bitcoin to $26,400 or even $46,000. In short, $25,600 is a key level that likely determines today's pivotal point in the Bitcoin trading landscape.”
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market may witness a turbulent week with US inflation data slated to be released on Wednesday. The overall market remains stable with BTC and ETH changing hands at $25,934.11 and $1,587.55 respectively. The FTX liquidations expected this week may add to the existing crypto market woes. Users can expect high market volatility in the coming days.”
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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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