Bitcoin Crosses $71,000, NEO Becomes Top Gainer
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to climb above the $71,000 mark early Tuesday, inching closer to its all-time high of $73,000. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens across the board as the overall Market Fear & Greed Index stood at 79 (Greed) out of 100, as per CoinMarketCap data. The NEO token emerged as the biggest gainer of the lot, with a 24-hour jump of over 36 percent. Bitcoin Cash (BCH) became the biggest loser, with a 24-hour dip of nearly 2 percent.
The global crypto market cap stood at $2.68 trillion at the time of writing, registering a 24-hour jump of 3.53 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $71,278.73, registering a 24-hour gain of 2.74 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 61.34 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,698.13, marking a 24-hour gain of 8.07 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.19 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 0.47 percent, as per CoinMarketCap data, currently priced at $0.1994. As per WazirX, Dogecoin price in India stood at Rs 17.40.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.50 percent. At the time of writing, it was trading at $102.15. LTC price in India stood at Rs 8,800.
Ripple (XRP) Price Today
XRP price stood at $0.6157, seeing a 24-hour jump of 4 percent. As per WazirX, Ripple price stood at Rs 53.40.
Solana (SOL) Price Today
Solana price stood at $177.46, marking a 24-hour gain of 0.65 percent. As per WazirX, SOL price in India stood at Rs 15,947.85.
Top Crypto Gainers Today (April 9)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Neo (NEO)
Price: $20.63
24-hour gain: 36.46 percent
Toncoin (TON)
Price: $6.82
24-hour gain: 26.20 percent
Nervous Network (CKB)
Price: $0.03121
24-hour gain: 15.84 percent
Ethena (ENA)
Price: $1.33
24-hour gain: 13.89 percent
dogwifhat (WIF)
Price: $4.08
24-hour gain: 11.50 percent
Top Crypto Losers Today (April 9)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Bitcoin Cash (BCH)
Price: $677.01
24-hour loss: 1.82 percent
Wormhole (W)
Price: $0.9564
24-hour loss: 1.65 percent
Mantle (MNT)
Price: $1.42
24-hour loss: 1.54 percent
Core (CORE)
Price: $2.60
24-hour loss: 1.06 percent
ORDI (ORDI)
Price: $73.39
24-hour loss: 0.73 per cent
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 has climbed above $71,000, indicating a bullish sentiment ahead of the halving event. This upward momentum hints at a possible revisit to the record high of $73,777, with a subsequent resistance level at $84,000. Over the past year, Bitcoin has surged by an impressive 154%. Conversely, Ethereum has outshone Bitcoin’s gains with an 8% increase in a day, fueled by heightened on-chain activity, and a staggering 99% rise over the past year, with the next resistance anticipated at $3,900.”
The CoinSwitch Markets Desk noted, “Bitcoin continues its uptrend with only 10 days remaining in the much-hyped Bitcoin halving estimated on 4/20/2024. If recent history has to be noticed, just before the Bitcoin ETF, we saw a similar price action where even though the price broke through the recent high, it became a sell-the-news event as soon as the ETF was announced. Traders should be careful about both bull and bear scenarios, as there is a good chance that some profit booking will take place at the time of halving as well.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin is on an upward trajectory and its next resistance level is being anticipated at $72k. The 100-hourly Simple Moving Average demonstrates a strong bullish trend. Immediate resistance is observed near $72,000, followed by major barriers at $72,500 and $72,800. A decisive break above the $72,800 resistance level could initiate a fresh upward momentum in price. Now that the dollar liquidity is also crunched, the support might not fall below $71k, potentially leading to a new ATH. Analysts are also cautioning against a potential ‘sell the news’ event similar to how pre-halving market participants reacted.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin climbed to a high of $72,650 for the first time after a month. The largest cryptocurrency is making its path towards $73,000 with a dominance of 52.36%. Ethereum and other altcoins, memecoins in particular enjoyed a steady pump in the market. The next important level to break will be around the previous all-time high of $74,000 eyeing a new all-time high near halving.”
CoinDCX Research Team told ABP Live, “In the past day, the crypto market remained bullish, with both ETH and BTC gaining more than 5%, and ETH outperforming BTC. Technically, BTC surpassed the $72,000 mark and is now consolidating near the resistance level at $71,300. BTC needs to clear its all-time high level for further upside movement, with price action and indicators suggesting a bullish outlook. Meanwhile, ETH has shown stronger performance, surpassing a key level at $3,655 and currently trading slightly above it. A continuation from here could propel ETH above key resistance levels at $3,960 and $4,070. Additionally, the ETH/BTC pair saw an increase, aiding in altcoins gaining 5-10%.”
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