Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, dipped below the $43,000 mark early Friday, as the overall market cap lost the $1.7-trillion landmark on Thursday. Popular altcoins — including the likes of Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Solana (SOL), and Dogecoin (DOGE) — landed in the reds across the board. Bitcoin SV (BSV) went on to remain the biggest gainer for the second consecutive day, with a 24-hour jump of over 7 percent. Optimism (OP) emerged to be the biggest loser, with a 24-hour dip of over 15 percent.
The global crypto market cap stood at $1.67 trillion at the time of writing, registering a 24-hour loss of 1.92 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $42,690.05, registering a 24-hour dip of 2.02 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 37.06 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,350.31, marking a 24-hour loss of 3.03 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.04 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 2.90 percent, as per CoinMarketCap data, currently priced at $0.092. As per WazirX, Dogecoin price in India stood at Rs 8.07.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 1.12 percent. At the time of writing, it was trading at $77.07. LTC price in India stood at Rs 6,700.
Ripple (XRP) Price Today
XRP price stood at $0.6318, seeing a 24-hour loss of 1.78 percent. As per WazirX, Ripple price stood at Rs 54.83.
Solana (SOL) Price Today
Solana price stood at $104.71, marking a 24-hour dip of 0.11 percent. As per WazirX, SOL price in India stood at Rs 9,167.79.
Top Crypto Gainers Today (December 29)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Bitcoin SV (BSV)
Price: $82.50
24-hour gain: 7.75 percent
Uniswap (UNI)
Price: $7.65
24-hour gain: 3.20 percent
Helium (HNT)
Price: $6.72
24-hour gain: 2.20 percent
Kaspa (KAS)
Price: $0.1106
24-hour gain: 1.95 percent
Mantle (MNT)
Price: $0.637
24-hour gain: 1.61 percent
Top Crypto Losers Today (December 29)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Optimism (OP)
Price: $3.46
24-hour loss: 15.24 percent
BitTorrent (New) (BTT)
Price: $0.000001205
24-hour loss: 14.23 percent
FTX Token (FTT)
Price: $2.93
24-hour loss: 13.99 percent
Lido DAO (LDO)
Price: $2.61
24-hour loss: 11.34 percent
Arbitrum (ARB)
Price: $1.44
24-hour loss: 11.05 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin made an attempt to exceed $43,700 yesterday but faced resistance near the $44,000 level. Profit booking before the new year resulted in a decline below $43,200. The current consolidation level is $42,500, with immediate resistance at $43,000. A successful close above this level could propel the price higher, while support rests at $42,150.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is currently facing a key point at $42,854, which is a critical moment for potential price movement. Immediate resistance levels at $44,038, $44,693 and $45,973 represent significant barriers to upside momentum. Conversely, support lies at $41,714 with additional reserves at $40,653 and $39,520 against potential downside. The Relative Strength Index (RSI) at 43 indicates a bearish sentiment that is dipping below the mid-50s. A bearish engulfing candle below the 50-day EMA at $43,000 reinforces the bearish trend. The double-day support level at $40,600 is crucial as a break could trigger a significant downtrend. Bitcoin’s overall trend seems bearish below $43,000, pulled by the RSI, 50 EMA and observed chart patterns. Monitoring key levels is crucial, with $41,714 as key support and a potential reversal above $43,000 changing the bearish scenario.”
Shivam Thakral, CEO of BuyUcoin, said, “The latest action by FIU demonstrates the government’s commitment to creating a safe and regulated digital asset ecosystem in India. The main objective of this move is to protect investors and prevent illicit use of digital assets. The decision to include foreign crypto exchanges as reporting entities is a crucial step and was highly anticipated by the experts. The major impact will be on the trading activities on the foreign crypto bourses and we may see a significant shift of trading volume to Indian exchanges which are FIU compliant. I think the government should take a calculated approach in blocking URLs of foreign crypto exchanges as a lot of Indian traders might have stored their digital assets on such bourses.”
CoinDCX Research Team told ABP Live, “n the last 24 hours, BTC experienced a 2% decline, and ETH saw a decrease of more than 1%. BTC has been moving sideways within the range of $41,900 and $44,500 over the past few days, currently sitting at the incline trendline support. If it sustains at this level, there might be a chance for another touch of the resistance level at $44,500. ETH is currently below the resistance level of $2,380, and in the lower time frame, it appears bullish as it remains above the 20 EMA D.”
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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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