Ethereum (ETH), the second most valued cryptocurrency in the world, dipped below the $1,600 mark early Thursday morning, losing the bullish streak it saw after the date of Merge was announced last week. Bitcoin (BTC), on the other hand, is struggling hard to cross the $21,000 mark, remaining stable within the $20,000 range over the past few days. Alongside, popular altcoins such as Dogecoin (DOGE), Solana (SOL), and Ripple (XRP) saw minor dips across the board. Among lesser-known cryptos, the UNUS SED LEO (LEO) token emerged to be the biggest gainer in the last 24 hours.
At the time of writing, the global crypto market cap stood at $979.41 billion as per CoinMarketCap data, registering a 24-hour dip of 1.70 percent.
Bitcoin (BTC) price today
BTC was priced at $20,057.84 at the time of writing. As per CoinMarketCap, Bitcoin saw a 24-hour dip of 1.77 percent. As per Indian exchange WazirX, BTC price stood at Rs 16.65 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,545, marking a 24-hour dip of 3.60 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.29 lakhs.
Dogecoin (DOGE) price today
DOGE registered a minor 24-hour loss of 3.60 percent as per CoinMarketCap data, currently priced at $0.0609. As per WazirX, Dogecoin price in India stood at Rs 5.33.
Litecoin (LTC) price today
Litecoin saw a 24-hour loss of 0.58 percent. At the time of writing, it was priced at $54.39. LTC price in India stood at Rs 4,451.
Ripple (XRP) price today
XRP price stood at $0.3243, seeing a 24-hour dip of 2.48 percent. As per WazirX, Ripple price stood at Rs 27.
Solana (SOL) price today
Solana price stood at $31.18, marking a 24-hour loss of 3.87 percent. As per WazirX, SOL price in India stood at Rs 2,848.71.
Top crypto gainers today (September 1)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
UNUS SED LEO (LEO)
24-hour gain: 7.33 percent
24-hour gain: 4.71 percent
24-hour gain: 3.99 percent
24-hour gain: 1.77 percent
Curve DAO Token (CRV)
24-hour gain: 1.68 percent
Top crypto losers today (September 1)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 7.75 percent
24-hour loss: 6.82 percent
24-hour loss: 5.18 percent
24-hour loss: 5.10 percent
24-hour loss: 4.81 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has been moving sideways over the past few days in a tight range between $19,000 and $20,000. After dipping on Tuesday, BTC regained the $20,000 level again on Wednesday. If the selling pressure intensifies and BTC closes below the $20,200 level, we might see BTC re-test the $20,000 mark soon. On the other hand, Ethereum was also seen to be trading above the $1,500 level. As the dates draw closer, it would be exciting to see how the upcoming Merge would influence BTC and other cryptos.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “The crypto market on Thursday should be considered as a stable market rather than bullish. Most of the cryptos inched towards just a 1-2 percent gain by the end of the day. The only pattern seen among categories is in the metaverse and games-related ones. This section was able to achieve as much as 8 percent gain over the day. Independent blockchains like Tron, Synthetix, and Dash were on the other side of the market making them lose between 2-3 percent. Given the extremely dull market during early this week, the smaller gains today do not look to indicate any change in market trends”
weTrade founder Prashant Kumar offered his take on the market scenario as well, “After two consecutive days of minor increases, the global cryptocurrency market faced a downside correction on Thursday with a decrease of approximately 1 percent. Major coins including Bitcoin and Ethereum also faced similar dull movement. However, the two major cryptocurrencies managed to retain their resistance levels and are above $20,000 and $1,500 respectively. This week the cryptocurrency market continues to remain choppy as minor corrections can be seen.”
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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