Cryptocurrency Price Today: Bitcoin Remains Above $26,000, Axie Infinity Becomes Biggest Gainer
Cryptocurrency price on September 15 quick take: The global market cap rose to $1.06 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to remain above the $26,000 mark early Friday. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) —landed in the greens across the board. Axie Infinity (AXS) went on to become the biggest gainer, with a 24-hour jump of over 11 percent. ApeCoin (APE) became the biggest loser, with a 24-hour dip of nearly 4 percent.
The global crypto market cap stood at $1.06 trillion at the time of writing, registering a 24-hour gain of 1.16 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $26,631.67, registering a 24-hour gain of 1.50 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 22.87 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,632.65, marking a 24-hour gain of 0.89 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 1.41 percent, as per CoinMarketCap data, currently priced at $0.062143. As per WazirX, Dogecoin price in India stood at Rs 5.38.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 4.21 percent. At the time of writing, it was trading at $63.13. LTC price in India stood at Rs 5,396.64.
Ripple (XRP) Price Today
XRP price stood at $0.4995, seeing a 24-hour jump of 3.09 percent. As per WazirX, Ripple price stood at Rs 43.20.
Solana (SOL) Price Today
Solana price stood at $19.15, marking a 24-hour gain of 1.83 percent. As per WazirX, SOL price in India stood at Rs 1,646.80.
Top Crypto Gainers Today (September 15)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Axie Infinity (AXS)
Price: $4.75
24-hour gain: 11.42 percent
Bitcoin Cash (BCH)
Price: $217.38
24-hour gain: 7.94 percent
VeChain (VET)
Price: $0.01726
24-hour gain: 5.80 percent
THORChain (RUNE)
Price: $1.70
24-hour gain: 5.69 percent
Conflux (CFX)
Price: $0.12
24-hour gain: 4.78 percent
Top Crypto Losers Today (September 15)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
ApeCoin (APE)
Price: $1.11
24-hour loss: 3.96 percent
Hedera (HBAR)
Price: $0.05106
24-hour loss: 2.44 percent
Quant (QNT)
Price: $92.06
24-hour loss: 1.52 percent
HTX Token (HT)
Price: $2.38
24-hour loss: 1.39 percent
Nexo (NEXO)
Price: $30.5486
24-hour loss: 1.30 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is currently trading at around $26,500, and this recent price shift may be because of the ECB signalling that their recent hike of 0.25 percent in three key interest rates might indicate the end of rate hikes in the current cycle. Specifically, the interest rate on the main refinancing operations, as well as the interest rates on the marginal lending facility and the deposit facility, are set to increase to 4.50 percent, 4.75 percent, and 4.00 percent, respectively. It's worth noting that the interest rate on the deposit facility has reached its highest level since 2001. For Bitcoin to maintain its upward momentum, it will need to break through the resistance at $27,000. The overall market sentiment is currently bullish, with most cryptocurrencies witnessing a surge in their prices. Ethereum, for instance, is trading above the $1,600 mark.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “The crypto market continues to be in the green. According to CoinGecko, the global crypto market capitalisation, up 1.2% in the last 24 hours, is around $1.1 trillion. The crypto fear and greed index remains in the fear zone with a score of 45/100. The crypto market has received a boost with the announcement from Deutsche Bank — the largest German lender — that it would provide digital asset custody and tokenization services. Another development that may have supported the uptrend could be signals from the European Central Bank to end rate hikes in the euro area.”
Rajagopal Menon, Vice President, WazirX, said, “The Crypto market displays strength as indicated by favourable moving averages, suggesting a 'Buy' sentiment. Investor confidence is riding high, thanks to the likelihood of stable interest rates and no impending rate hikes. Bitcoin has found solid support at its current levels, making a potential price surge a distinct possibility. The decision by the European Central Bank to hold off on rate increases may have also played a role in boosting Bitcoin's value.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “In the medium to long term, Bitcoin is trapped in a descending trend channel, reflecting a growing sense of pessimism among investors and indicating potential further declines. Within this pattern, Bitcoin is oscillating within the confines of a rectangular formation, bounded by support at 25,750 and resistance at 31,988. An imminent breakout of one of these critical levels will set the course for Bitcoin's trajectory. Bitcoin is currently probing support at the 26,000 level, a breach of which could trigger negative sentiment. Still, there remains a glimmer of hope for a positive rebound should this support remain firm. Overall, from a technical perspective, the medium to long-term outlook for Bitcoin leans slightly towards positivity.”
Shivam Thakral, the CEO of BuyUCoin, said, “BTC witnessed a modest jump of around 2 percent after European central banks signalled that it may end its rate hikes and inflation can be tamed if current interest rates are maintained for the long-term. Europe is home to Bitcoin ETFs and is a more mature market for digital assets and we may see increased user activity as the liquidity gets a boost. The oil prices have hit the highest point in 2023 and may hurt the financial markets. The overall crypto market cap is hovering around $1.06 trillion, a 1.07 percent increase over the last day.”
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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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