Cryptocurrency Price Today: Bitcoin, Other Top Coins Trade Sideways, THORChain Becomes Biggest Gainer
Cryptocurrency price on September 7 quick take: The global market cap stood at $1.04 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, remained below the $26,000 mark early Thursday. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — traded sideways across the board. The THORChain (RUNE) token went on to become the biggest gainer, with a 24-hour jump of nearly 7 percent. Flare (FLR) became the biggest loser, with a 24-hour dip of nearly 2 percent.
The global crypto market cap stood at $1.04 trillion at the time of writing, registering a 24-hour gain of 0.14 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $25,827.73, registering a 24-hour jump of 0.22 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 22.35 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,638.60, marking a 24-hour jump of 0.37 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.41 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 0.52 percent, as per CoinMarketCap data, currently priced at $0.06375. As per WazirX, Dogecoin price in India stood at Rs 5.47.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.22 percent. At the time of writing, it was trading at $63.28. LTC price in India stood at Rs 5,569.92.
Ripple (XRP) Price Today
XRP price stood at $0.503, seeing a 24-hour dip of 0.29 percent. As per WazirX, Ripple price stood at Rs 43.80.
Solana (SOL) Price Today
Solana price stood at $19.77, marking a 24-hour loss of 1.78 percent. As per WazirX, SOL price in India stood at Rs 1,703.
Top Crypto Gainers Today (September 7)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
THORChain (RUNE)
Price: $1.60
24-hour gain: 6.63 percent
Render (RNDR)
Price: $1.42
24-hour gain: 4.41 percent
GMX (GMX)
Price: $34.21
24-hour gain: 4.12 percent
Astar (ASTR)
Price: $0.05752
24-hour gain: 3.58 percent
Toncoin (TON)
Price: $1.82
24-hour gain: 3.54 percent
Top Crypto Losers Today (September 7)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Flare (FLR)
Price: $0.01285
24-hour loss: 1.90 percent
Solana (SOL)
Price: $19.77
24-hour loss: 1.79 percent
Mantle (MNT)
Price: $0.4158
24-hour loss: 1.66 percent
XDC Network (XDC)
Price: $0.05457
24-hour loss: 1.47 percent
The Sandbox (SAND)
Price: $0.306
24-hour loss: 1.34 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is currently above the $25,600 mark, striving to breach the $26,000 resistance zone. However, Bitcoin's attempts to surge past the $26,000 and $26,200 levels have fallen short. This pattern mirrors historical data, which reveals a consistent decline in Bitcoin's price during the month of September for the past six years. Meanwhile, Ethereum has been trading range-bound between $1,600 and $1,700 over the past week. In a noteworthy development, asset management firms Ark Invest and 21Shares have submitted an application to the US Securities and Exchange Commission (SEC) seeking approval for a fund they plan to call Ark 21Shares Ethereum ETF. If granted the green light, this would represent the first-ever spot Ethereum ETF in the United States.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “BTC’s price remained within a narrow range for another day, although for a very brief duration, BTC did trade below $25,500 and above $26,000 on Binance. The small dump and pump happened around the same time as the news broke out that a major tech investor Cathie Wood's ARK Invest applied for a spot Ethereum ETF in the US. This marks the first such attempt in the United States to list such a fund which directly invests in the second largest digital asset in terms of market capitalization. ETH (-0.1 percent), however, also traded flat.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin price is facing an uncertain situation as it tests the $24,995 support level, risking a drop to $24,000 or even $21,915. A south-facing Relative Strength Index (RSI) and a negative Awesome Oscillator (AO) signal a bearish stance. Ethereum price, on the other hand, is hovering near the $1,621 support but showing a bullish divergence in the RSI, indicating a potential upside move if the support holds. A failure could send ETH down 5 percent to $1,552. Ripple, despite being in the demand zone, appears stagnant and risks a drop below the $0.4800 support, leading to a 15 percent drop to $0.4191. A downtrend in the RSI adds to the bearish sentiment. Ethereum's bullish divergence may be its key to breaking through the resistance at $1,701 and above, with the ultimate bullish target at $2,008.”
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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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