Top Cryptocurrency gains today as bitcoin and Ethereum manage to show signs of recovery after days of serious slumps following the Merge. While bitcoin managed to climb above $19,000 mark on Thursday, Ethereum on the other hand saw a 24 hour gain of about 5%. Other altcoins which include the likes of Dogecoin, Litecoin and Solana were all in greens this morning.
Furthermore, Ripple emerged as the biggest gainer, with a 24-hour gain of 34.13%. At the time of writing this report, the global cryptocurrency market cap stood at $950.8 billion. Consequently, this marks a 4.73% gain in the last 24 hours, as per CoinMarketCap data.
Top Cryptocurrency Prices Today
Bitcoin price stood at $19,38.77, seeing a 24-hour gain at 3.34%. Meanwhile, ETH price stood at $1,339.17, marking a 24-hour gain of 5.70% at the time of writing. Dogecoin followed by registering a 24-hour gain of 6.66% as per CoinMarketCap data, currently priced at $0.0614.
Litecoin also saw som magic as the cryptocurrency saw a 24-hour gain of 4.51. At the time of writing, it was priced at $54.26. XRP price stood at $0.5328, seeing a 24-hour gain of 31.01%.
Furthermore, Solana price stood at $32.90, marking a 24-hour gain of 5.47%. Today’s price action saw the biggest gainers as Ripple (XRP) at 34.13% in 24hours. The best loser being Terra Classic, with a 4.93% gain in 24 hours.
What Cryptocurrency Exchanges Are Saying About The Current Price Action
Mudrex co-founder and CEO Edul Patel told ABP Live: “Bitcoin and Ethereum rose on Thursday after going through a roller coaster ride in the past few days. BTC managed to trade above $19,300 with the support of buyers. If BTC can close above $19,500 today, we might see an upward trend in the next week. But if it falls below the current level, we might see BTC going back to the $18,000 support. The second largest cryptocurrency, Ethereum, has also shown a bullish sentiment in line with BTC. This price action comes as a relief to the market participants after the successful Merge. If ETH can hold above the current level, we might soon see it reaching the $1,500 level.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Indian markets mainly reacted to the US central bank’s hawkish tone on interest rates, which created pessimism among investors. The Fed’s latest quarterly summary of policymakers’ projections shows that US central bankers expect to raise the key interest rate, now in a range of 3-3.25% after Wednesday’s 75 basis point increase, to 4.4% by the end of this year and to 4.6% until the end of this year. cryptocurrencies fended off declines triggered by the US Federal Reserve’s next big interest rate hike, although sentiment remained cautious given the central bank’s warning of economic pain ahead of policy tightening. Bitcoin had some positive price movement in the morning but ended with 1.5% negative by end of the day. Second-biggest coin Ether continued to underperform, falling 2% as well.”
WeTrade Founder Has His Say On The crypto Situation
WeTrade founder Prashant Kumar offered his take on the market scenario as well, “After days of movement in the red due to increased interest rates, the crypto market cap saw some positive movement with a 4% increase during Asia trading hours on Friday morning. Bitcoin caught up by 3.8% but is still trading below $20,000.”
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