(Source: Poll of Polls)
Cryptocurrency Price Today: Bitcoin Rises Above $26,000, Hedera Becomes Biggest Gainer
Cryptocurrency price on September 14 quick take: The global market cap rose to $1.04 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, climbed above the $26,000 mark early Thursday. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) —landed in the greens across the board. Hedera (HBAR) went on to become the biggest gainer, with a 24-hour jump of nearly 12 percent. Astar (ASTR) became the biggest loser, with a 24-hour dip of over 5 percent.
The global crypto market cap stood at $1.04 trillion at the time of writing, registering a 24-hour gain of 1.49 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $26,244.81, registering a 24-hour gain of 1.38 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 $1,618.07, marking a 24-hour gain of 1.71 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.40 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 0.88 percent, as per CoinMarketCap data, currently priced at $0.0613. As per WazirX, Dogecoin price in India stood at Rs 5.31.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 4.21 percent. At the time of writing, it was trading at $62.43. LTC price in India stood at Rs 5,405.
Ripple (XRP) Price Today
XRP price stood at $0.4846, seeing a 24-hour jump of 1.12 percent. As per WazirX, Ripple price stood at Rs 41.61.
Solana (SOL) Price Today
Solana price stood at $18.82, marking a 24-hour gain of 5.47 percent. As per WazirX, SOL price in India stood at Rs 1,617.11.
Top Crypto Gainers Today (September 14)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Hedera (HBAR)
Price: $0.05265
24-hour gain: 11.58 percent
THORChain (RUNE)
Price: $1.61
24-hour gain: 8.71 percent
WOO Network (WOO)
Price: $0.1587
24-hour gain: 8.35 percent
IOTA (MIOTA)
Price: $0.1673
24-hour gain: 7.08 percent
Toncoin (TON)
Price: $1.91
24-hour gain: 6.77 percent
Top Crypto Losers Today (September 14)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Astar (ASTR)
Price: $0.0526
24-hour loss: 5.37 percent
Flare (FLR)
Price: $0.01121
24-hour loss: 4.51 percent
Klaytn (KLAY)
Price: $0.1188
24-hour loss: 3.52 percent
XDC Network (XDC)
Price: $0.05221
24-hour loss: 0.77 percent
Bitcoin SV (BSV)
Price: $30.92
24-hour loss: 0.19 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is currently valued above $26,000. This price movement could be because FTX has obtained approval from a bankruptcy court to sell its crypto assets. Another possible reason is the notable uptick in headline inflation data in the US, which has risen to 3.7 percent year-over-year from 3.2 percent just a month ago. This increase surpassed the expected 3.6 percent rate. These market fluctuations may be signalling a bullish sentiment in the market. Meanwhile, Ethereum maintains a trading price above $1,600, and in the past 24 hours, altcoins like Hedera, Toncoin, and Solana have exhibited positive price changes, with gains of more than 10 percent, 6 percent, and 5 percent, respectively.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “Bitcoin (BTC, +1.5 percent) continued showing some strength for the second consecutive day and currently trading around the $26k mark. Even altcoins like Solana (SOL, +5.7 percent) traded in the green even as the US court allowed the bankrupt exchange —F TX — to liquidate the remainder of its asset holdings. In fact, the largest impact of the liquidation is expected on Tron (TRX, $33 million, +0.9 percent), DOGE ($37 million, +0.8 percent), and MATIC ($22 million, +1.6 percent).”
Rajagopal Menon, Vice President, WazirX, said, “The recent Consumer Price Index (CPI) data showed higher-than-expected inflation, but a Federal Reserve rate hike doesn't seem imminent due to the slowdown in core inflation over the past year. Bitcoin investors are holding out for a price increase before selling their holdings, the token's price remains stable. The market sentiment has been boosted by Nasdaq's interest in listing a spot Bitcoin ETF. Meanwhile, Ethereum might be experiencing a liquidity crunch, which is correlated with increased volatility. Despite this, there is a growing interest among users in purchasing Ethereum tokens.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “With August's Consumer Price Index (CPI) data in the spotlight, the question of whether to capitalise on the dip in Bitcoin price predictions arises. August CPI revealed a 0.6 percent increase as expected, with year-on-year inflation at 3.7 percent, beating forecasts. Core CPI rose 0.3 percent year-on-year and fell to 4.3 percent. These economic shifts frame Bitcoin's valuation as it breaks through the $25,900 mark and reaches $26,500 before stabilizing just below $26,000. Key indicators such as RSI and MACD are showing bullish signs, supported by the 50-day EMA. Holding above $25,600 is key for further upside, with $26,500 serving as a pivotal point – bearish signals below, continued bullish momentum above.”
Shivam Thakral, the CEO of BuyUCoin, said, “The biggest crypto by market cap, Bitcoin, jumped by around 1.5 percent to cross the $26,000 mark while the largest altcoin ETH witnessed a similar jump and is hovering above the $1,600 level. The US inflation data yesterday showed higher inflation due to rising fuel prices triggered by the Russia-Ukraine war but the crypto market did not react immediately. Another Bitcoin ETF application by Franklin Templeton is keeping the market sentiment positive despite uncertain macroeconomic factors.”
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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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