Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, failed to see gains and stood close to the $20,000 mark early Thursday morning. It appears that the effects of the US inflation data still have a strong hold over the prices of leading crypto coins. Ethereum (ETH) too, failed to impress in terms of gains, as its Merge is expected to take place today. Other popular altcoins, including the likes of Dogecoin (DOGE), Solana (SOL), and Litecoin (LTC), found themselves in the reds. The Terra (LUNA) token saw a drastic dip of nearly 35 percent following the news of Terra co-founder Do Kwon facing an arrest warrant in South Korea.
At the time of writing, the global crypto market cap stood at $986.57 billion, marking a 1.12 percent dip in the last 24 hours, as per CoinMarketCap data.
Bitcoin (BTC) price today
As per CoinMarketCap, Bitcoin saw a 24-hour loss of 1.52 percent, priced at $20,042.63. As per Indian exchange WazirX, BTC price stood at Rs 17.02 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,599.21, marking a 24-hour dip of 0.02 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.37 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour loss of 0.41 percent as per CoinMarketCap data, currently priced at $0.0603. As per WazirX, Dogecoin price in India stood at Rs 5.14.
Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 1.58 percent. At the time of writing, it was priced at $58.98. LTC price in India stood at Rs 4,956.01.
Ripple (XRP) price today
XRP price stood at $0.3354, seeing a 24-hour loss of 0.15 percent. As per WazirX, Ripple price stood at Rs 28.10.
Solana (SOL) price today
Solana price stood at $33.01, marking a 24-hour loss of 1.84 percent. As per WazirX, SOL price in India stood at Rs 2,760.
Top crypto gainers today (September 14)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 30.76 percent
24-hour gain: 5.12 percent
UNUS SED LEO (LEO)
24-hour gain: 4.56 percent
24-hour gain: 2.01 percent
24-hour gain: 1.10 percent
Top crypto losers today (September 14)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 34.35 percent
24-hour loss: 23.02 percent
Terra Classic (LUNC)
24-hour loss: 22.53 percent
24-hour loss: 10.75 percent
Lido DAO (LDO)
24-hour loss: 9.72 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin continues to trade below the $20,500 level in the past 24 hours, indicating that the bulls have not been active in the market to seize the initiative. The low buying volume confirms sellers’ pressure. If buyers can move BTC above the $20,575 level, we may see some potential upward movement. On the other hand, Ethereum looks neither bullish nor bearish. As the Merge draws by, it seems like BTC and ETH are preparing for a key price movement.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “The bearishness of the global crypto market continued on Wednesday as well, as more than two thirds of the top coins and tokens ended up in the red zone, including leading coins like Bitcoin and Ethereum with a loss of 2.85 percent and 1.34 percent, respectively. The highest loser was none other than Terra (LUNA) with a loss of a whopping 30 percent in just 24 hours. This coin has proven to be the highest volatile coin, followed by Terra Classic (LUNC) with a loss of 17 percent. The fall of Terra (LUNA) could be a side effect of the issue of the arrest warrant against Do Kwon by South Korea. The highest gainer was RavenCoin (RVN) with 18 percent in the last 24 hours. Ethereum classic went up by 1.34 percent even in such a bearish situation as in the last 30 days, the Ethereum Classic hash rate shot up by over 200 percent and this should be due to Ethereum main chain moving to proof of stake in the next 12 hours but Ethereum Classic will continue to work on proof of work consensus. High uncertainty is expected from all Ethereum-based coins and tokens in the next few days.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, “All eyes are on Ethereum today as it is likely to complete its much-awaited shift from a proof-of-work consensus to a proof-of-stake consensus. During Asia trading hours on Thursday morning, the cryptocurrency is trading at $1,600 and has remained relatively flat over the past 24 hours. Meanwhile, Bitcoin, which reacted to the US inflation data further slipped and is currently at $20,000. The global crypto market capital also saw a 2 percent decline over the past 24 hours and continues to remain below the $1-trillion mark.”
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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