Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to climb above the $26,000 mark early Friday. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw minor gains across the board. The Astar (ASTR) token went on to become the biggest gainer, with a 24-hour jump of nearly 5 percent. Synthetic (SNX) became the biggest loser, with a 24-hour dip of over 3 percent.
The global crypto market cap stood at $1.05 trillion at the time of writing, registering a 24-hour gain of 0.14 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $26,283.80, registering a 24-hour gain of 1.87 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 22.66 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,647.17, marking a 24-hour jump of 0.56 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.43 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 0.12 percent, as per CoinMarketCap data, currently priced at $0.06379. As per WazirX, Dogecoin price in India stood at Rs 5.51.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 0.60 percent. At the time of writing, it was trading at $63.55. LTC price in India stood at Rs 5,560.50.
Ripple (XRP) Price Today
XRP price stood at $0.5053, seeing a 24-hour gain of 0.49 percent. As per WazirX, Ripple price stood at Rs 43.99.
Solana (SOL) Price Today
Solana price stood at $19.94, marking a 24-hour jump of 0.95 percent. As per WazirX, SOL price in India stood at Rs 1,716.62.
Top Crypto Gainers Today (September 8)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Astar (ASTR)
Price: $0.05992
24-hour gain: 4.83 percent
XDC Network (XDC)
Price: $0.05711
24-hour gain: 4.65 percent
Render (RNDR)
Price: $1.48
24-hour gain: 4.12 percent
IOTA (MIOTA)
Price: $0.1789
24-hour gain: 3.49 percent
Rocket Pool (RPL)
Price: $23.75
24-hour gain: 2.66 percent
Top Crypto Losers Today (September 8)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Synthetic (SNX)
Price: $2.25
24-hour loss: 3.16 percent
Toncoin (TON)
Price: $1.78
24-hour loss: 2.26 percent
Polygon (MATIC)
Price: $0.5499
24-hour loss: 2.23 percent
dYdX (DYDX)
Price: $2.05
24-hour loss: 2.02 percent
Trust Wallet Token (TWT)
Price: $0.7975
24-hour loss: 0.94 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin’s price surpassed the $26,000 zone and is currently trading around the $26,200 level. This positive price change could be due to a paper published yesterday by the IMF and the G20’s Financial Stability Board. The paper suggested that an outright ban on all cryptocurrencies wouldn't be effective in the long term and recommended using targeted rules and a comprehensive monetary strategy instead. Meanwhile, Ethereum is currently trading above $1,600.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “The crypto market has picked up for the second consecutive day. As per CoinGecko, the global crypto market capitalisation, up 1.2 percent, remains above $1.09 trillion. The fear and greed index also jumped 5 points since yesterday and is currently in the fear zone with a score of 46/100. The investor sentiment seems to have been slightly boosted after news about JPMorgan Chase & Co. exploring a blockchain-based payment and settlement system — a sign that companies are still building in the bear phase. If implemented, this may further institutional adoption for the industry.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin experienced an upswing, surpassing the $26,000 resistance level, while Ether made modest gains but stayed below $1,650. JPMorgan is aiming to develop a blockchain-based digital deposit token for cross-border payments, pending US regulatory approval. Such tokens streamline blockchain deposits, offering speed and cost advantages.”
Shivam Thakral, the CEO of BuyUCoin, said, “The IMF-FSB paper highlights key issues associated with the current state of digital assets and calls for sustained implementation of policies to mitigate the risks associated with crypto assets. The reporting of transactions, taxation, licensing of exchanges, and monitoring of capital inflows are some of the recommendations in the paper which have been curated after detailed consultation with industry stakeholders. The paper was released yesterday and had a positive impact on the crypto market as the global crypto market cap is $1.05 trillion, a 1.03 percent increase over the last day. The crypto heavyweights like BTC and ETH are also up by 1.76 percent and 0.64 percent, respectively.”
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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.