Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, rose above the $43,000 range early Tuesday. Popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE) — landed in the greens across the board. The SEI token emerged to be the biggest gainer of the lot, with a 24-hour jump of nearly 25 percent. Memecoin BONK became the biggest loser, with a 24-hour dip of over 11 percent.
The global crypto market cap stood at $1.61 trillion at the time of writing, registering a 24-hour jump of 3.82 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $43,106.76, registering a 24-hour gain of 4.98 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 37.95 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,237.43, marking a 24-hour jump of 3 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.97 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 0.78 percent, as per CoinMarketCap data, currently priced at $0.09262. As per WazirX, Dogecoin price in India stood at Rs 8.15.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 1.20 percent. At the time of writing, it was trading at $71.15. LTC price in India stood at Rs 6,191.86.
Ripple (XRP) Price Today
XRP price stood at $0.6126, seeing a 24-hour gain of 1.26 percent. As per WazirX, Ripple price stood at Rs 53.59.
Solana (SOL) Price Today
Solana price stood at $75.72, marking a 24-hour jump of 8.74 percent. As per WazirX, SOL price in India stood at Rs 6,600.
Top Crypto Gainers Today (December 19)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Sei (SEI)
Price: $0.2935
24-hour gain: 24.82 percent
Injective (INJ)
Price: $36.79
24-hour gain: 19.12 percent
Stacks (STX)
Price: $1.24
24-hour gain: 16.97 percent
WOO Network (WOO)
Price: $0.4275
24-hour gain: 15.39 percent
Helium (HNT)
Price: $8.05
24-hour gain: 12.52 percent
Top Crypto Losers Today (December 19)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Bonk (BONK)
Price: $0.00002053
24-hour loss: 11.91 percent
Internet Computer (ICP)
Price: $9.74
24-hour loss: 8.81 percent
Terra Classic (LUNC)
Price: $0.0001502
24-hour loss: 8.16 percent
WEMIX (WEMIX)
Price: $3.23
24-hour loss: 6.98 percent
FTX Token (FTT)
Price: $3.40
24-hour loss: 6.62 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “In the last 24 hours, Bitcoin saw a dip to $40,500 due to a surge in transaction fees but has bounced back strongly, reaching $43,000, indicating a notable 6 percent gain. The month-to-date increase stands at 12 percent, and the year-to-date surge is an impressive 157 percent. The market sentiment remains bullish, with resistance at $43,700 and support at $42,800.”
CoinSwitch Markets Desk noted, “After trading in the red for the first time in 9 weeks, BTC started the 10th week hitting early $40k support levels but bounced soon to test $43.5k. At the same time, BTC has been able to maintain its dominance at 53.5 percent for the past few days, which is a positive sign for its price action. On the other hand, a month after Binance and CZ pleaded guilty to violating AML guidelines, a federal judge has now approved the settlement between CFTC and Binance. However, it is yet to be seen whether the Binance ex-CEO CZ will have to face some jail time or not alongside the fine. As markets trade higher, BNB is still holding strong trading close to $250.”
Rajagopal Menon, Vice President, WazirX, said, “Crypto market shows signs of revival after a brief period of correction. Bitcoin and Ethereum have gained 4.84 percent and 2.92 percent each in the last 24 hours. This could be prompted by news that Galaxy Digital will focus on recovering Crypto projects that have collapsed, including FTX. The company has recently expanded its AUM for the same purpose and will continue to recover bankrupt Crypto companies.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is currently trading at $43,360, showing an increase of 4.50 percent. Analyzing the 4-hour chart, a pivot point is noted at Support levels are at $40,662, $39,720 and the critical $38,352, corresponding to the 78.6% Fibonacci retracement. The Relative Strength Index (RSI) at 45 indicates bearish sentiment. Crucially, Bitcoin is hovering around the 50-day EMA at $42,000, a key level that suggests a bullish trend above and a bearish trend below. Chart patterns highlight the 50 percent Fibonacci retracement at $40,700; a drop below could lead to $39,785 and $38,350. Despite the cautiously optimistic outlook, careful monitoring of technical indicators for potential trend shifts is recommended.”
Subscribe And Follow ABP Live On Telegram: t.me/officialabplive
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.
This news is republished from another source. You can check the original article here
