Cryptocurrency Price Today: Bitcoin, Ethereum Recover Over The Weekend
Cryptocurrency price on September 12 quick take: The global crypto market cap managed to climb above the $1-trillion mark following a poor performance last week.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to climb above the $21,000 mark after a drastic dip seen last week. Ethereum (ETH), the second most-valued crypto coin after Bitcoin, rose above the $1,700 mark. Most other popular altcoins, including the likes of Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC) found themselves in the reds on Monday morning. Among lesser-known altcoins, the ApeCoin (APE) token emerged to be the biggest gainer in the last 24 hours.
At the time of writing, the global crypto market cap stood at $1.05 trillion, marking a minor 0.76 percent dip in the last 24 hours, as per CoinMarketCap data.
Bitcoin (BTC) price today
As per CoinMarketCap, Bitcoin saw a 24-hour gain of 0.54 percent, priced at $21,695.85. As per Indian exchange WazirX, BTC price stood at Rs 17.78 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,722.96, marking a 24-hour dip of 2.28 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 1.60 percent as per CoinMarketCap data, currently priced at $0.06319. As per WazirX, Dogecoin price in India stood at Rs 5.23.
Litecoin (LTC) price today
Litecoin saw a 24-hour loss of 3.33 percent. At the time of writing, it was priced at $61.19. LTC price in India stood at Rs 5,100.
Ripple (XRP) price today
XRP price stood at $0.3518, seeing a 24-hour dip of 1.22 percent. As per WazirX, Ripple price stood at Rs 28.91.
Solana (SOL) price today
Solana price stood at $34.77, marking a 24-hour gain of 0.20 percent. As per WazirX, SOL price in India stood at Rs 2,947.
Top crypto gainers today (September 12)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
ApeCoin (APE)
Price: $5.41
24-hour gain: 5.59 percent
PancakeSwap (CAKE)
Price: $4.54
24-hour gain: 5.54 percent
Ravencoin (RVN)
Price: $0.05518
24-hour gain: 4.93 percent
NEM (XEM)
Price: $0.04745
24-hour gain: 3.66 percent
Quant (QNT)
Price: $107.22
24-hour gain: 3.60 percent
Top crypto losers today (September 12)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
TerraClassicUSD (USTC)
Price: $0.05105
24-hour loss: 17.14 percent
Terra (LUNA)
Price: $5.28
24-hour loss: 12.90 percent
Terra Classic (LUNC)
Price: $0.000407
24-hour loss: 10.38 percent
EOS (EOS)
Price: $1.67
24-hour loss: 6.17 percent
Waves (WAVES)
Price: $4.81
24-hour loss: 5.04 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin bounced back to the $21,700 zone over the weekend after forming a bullish divergence. If the price of BTC can close above its current level at $21,700, we could soon see it rally towards the $24,000 level this week. But if it fails to break this region, we might see it retest the $20,700 level. On the other hand, Ethereum is moving towards its immediate resistance at $1,800 as the market participants react positively as the most awaited Merge draws closer. If ETH closes above the $1,800 level, the next key resistance level would be $2,000.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Over the weekend, the market is close to 10 percent. The highest gainer was CEL with a whopping 24 percent in the last 24 hours even though its bankruptcy crisis and issues with investors continue to exist. LUNA gained 207 percent as its community gets confidence about the troubled coin comeback. Whereas coins like Bitcoin and Ethereum gained approximately 2 percent and 3 percent each. With the Ethereum merger expected next week, more cautious trading decisions need to be taken than normal.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, "The week started off on a positive note for investors as the global crypto market cap managed to recover some of its lost ground over the weekend and is at $1.07 trillion on Monday morning. Bitcoin, which was trading below $20,000 last week, also saw upward movement and has reached $22,000 with an 11 percent increase over the last seven days. Ethereum, with the Merge, has also gained 12 percent over the past week and is inching closer to $1,800. The biggest spike, however, was seen by Terra Luna, which has increased by 215 percent in the last week. Such activity could ensure some constructive movement for buyers in the market.”
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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