Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, slipped below the $23,000 mark yet again after just a day of gain. Ethereum (ETH), on the other hand, managed to remain above the $1,600 mark for nearly a week now. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw a mix of reds and greens across the board. The SingularityNET (AGIX) token managed to become the top loser, with a 24-hour dip of over 30 percent.
The global crypto market cap stood at $1.05 trillion at the time of writing, registering a 24-hour gain of 3.52 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $22,580.99, registering a 24-hour dip of 2.99 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 19.35 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,624.87, marking a 24-hour dip of 3.23 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.40 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour loss of 5.79 percent, as per CoinMarketCap data, currently priced at $0.08714. As per WazirX, Dogecoin price in India stood at Rs 7.52.
Litecoin (LTC) price today
Litecoin saw a 24-hour loss of 5.07 percent. At the time of writing, it was trading at $96.26. LTC price in India stood at Rs 8,128.57.
Ripple (XRP) price today
XRP price stood at $0.3922, seeing a 24-hour loss of 2.20 percent. As per WazirX, Ripple price stood at Rs 33.22.
Solana (SOL) price today
Solana price stood at $22.45, marking a 24-hour gain of 6.16 percent. As per WazirX, SOL price in India stood at Rs 2,032.
Top crypto gainers today (February 9)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Rocket Pool (RPL)
24-hour gain: 6.67 percent
Oasis Network (ROSE)
24-hour gain: 5.55 percent
Lido DAO (LDO)
24-hour gain: 3.29 percent
WOO Network (WOO)
24-hour gain: 0.26 percent
PAX Gold (PAXG)
24-hour gain: 0.17 percent
Top crypto losers today (February 9)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 30.97 percent
Render Token (RNDR)
24-hour loss: 22.09 percent
The Graph (GRT)
24-hour loss: 16.42 percent
24-hour loss: 15.50 percent
24-hour loss: 15.13 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told , “On Wednesday, Bitcoin traded sideways as market participants evaluated the latest news after three Federal Reserve governors indicated that central banks would increase interest rates more swiftly in the event of a deteriorating inflation environment.
BTC was trading between $22,900 and $23,100. Despite a 1.4 percent decrease in the last 24 hours, Bitcoin has still seen a 38 percent increase this year. The second largest cryptocurrency, Ethereum, is following a similar pattern as Bitcoin, with a 1.8 percent decrease in the last 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “The cryptocurrency market is witnessing a bullish trend as Bitcoin (BTC) formed a “golden cross” with its 50-day SMA moving above the 200-day SMA, signalling a positive shift in market momentum. While the BTC/USD pair may face resistance near $23,250, the trend remains positive with the potential to reach $23,500. Traders are advised to closely monitor market developments and consider taking advantage of this positive trend.”
Kunji founder Anurag Dixit offered his take, “Layoffs and restructuring don’t seem to slow down anytime soon. The multitude of data points released in the last two weeks and the number of points coming next week will keep the market volatility high.
The ongoing restructurings denote the continued extreme macroeconomic uncertainty. While the markets have rallied since the start of the year, sustainable developments are what matter the most.”Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market is showing cautious optimism as the US Fed chief has hinted that it may be winning the war against inflation and the disinflationary process has begun. The market immediately responded to the positive development and touched the $1.09 trillion market cap.
BTC is up by 1.72 percent and crossed the $23,000 mark while Ethereum is up by a staggering 3 percent and is exchanging hands at the $1,680 level. The current momentum is expected to continue if macroeconomic factors remain favourable.”