Bitcoin (BTC), the oldest and most valued crypto in the world, managed to rise above the $29,000 mark after a few days of slump. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw minor gains across the board. The Cronos (CRO) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 10 percent. MultiversX (EGLD), on the other hand, turned out to be the biggest loser, with a 24-hour dip of over 8 percent.
The global crypto market cap stood at $1.21 trillion at the time of writing, registering a 24-hour gain of 0.97 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $29,483.94, registering a 24-hour jump of 1.79 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25.60 lakh.
Ethereum (ETH) price today
ETH price stood at $1,911.02, marking a 24-hour gain of 0.34 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.66 lakh.
Dogecoin (DOGE) price today
DOGE registered a 24-hour jump of 0.08 percent, as per CoinMarketCap data, currently priced at $0.08017. As per WazirX, Dogecoin price in India stood at Rs 7.15.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 0.47 percent. At the time of writing, it was trading at $89.23. LTC price in India stood at Rs 7,720.09.
Ripple (XRP) price today
XRP price stood at $0.4725, seeing a 24-hour jump of 2.10 percent. As per WazirX, Ripple price stood at Rs 41.40.
Solana (SOL) price today
Solana price stood at $22.39, marking a 24-hour gain of 3.20 percent. As per WazirX, SOL price in India stood at Rs 1,972.99.
Top crypto gainers today (April 28)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Cronos (CRO)
Price: $0.07731
24-hour gain: 10.32 percent
ImmutableX (IMX)
Price: $1.07
24-hour gain: 9.64 percent
WOO Network (WOO)
Price: $0.2941
24-hour gain: 6.76 percent
Internet Computer (ICP)
Price: $5.70
24-hour gain: 5.92 percent
Render Token (RNDR)
Price: $2.42
24-hour gain: 3.93 percent
Top crypto losers today (April 28)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
MultiversX (EGLD)
Price: $43.56
24-hour loss: 8.44 percent
Monero (XMR)
Price: $153.57
24-hour loss: 2.41 percent
Flare (FLR)
Price: $0.03136
24-hour loss: 1.72 percent
BNB (BNB)
Price: $327
24-hour loss: 1.51 percent
Stacks (STX)
Price: $0.7351
24-hour loss: 1.49 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin continued to trade above the $29,000 level with concerns over banking instability. The cryptocurrency hovered near $30,000, peaking at US$29,882, and is presently traded at $29,400. Immediate resistance is anticipated at $29,800, while support is expected at $29,250. Meanwhile, Ethereum remained steady in the previous 24 hours. Investors and traders are now shifting their attention to the forthcoming FOMC interest rate decision scheduled for the upcoming week.”
WazirX Vice President Rajagopal Menon said, “Despite renewed banking sector concerns and slowing US economic growth, Bitcoin held steady above $29,000 on Thursday. BTC touched $30,000 briefly, still off from its April peak, but investors have forgotten Wednesday’s dramatic dip. Since January, BTC and other cryptos have been resistant to industry mishaps and wider macroeconomic uncertainty. On WazirX, IDEX and BLUR have been the top gainers in the last 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin has gained 2.50 percent in the last 24 hours and is trading at $29,600 as of April 28. A sudden 8 percent drop on April 26, which took the price to $27,242, was followed by a quick recovery driven by concerns about the US economy and the banking industry. Bitcoin could potentially break through this level and reach the next $30,000 resistance level, presenting buying opportunities up to $30,800. The Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD) and 50-day exponential moving average indicate a bullish trend for Bitcoin.”
Shivam Thakral, the CEO of BuyUCoin, said, “The overall crypto market remained flat with BTC showing a marginal jump in its value. The ongoing banking crisis is shifting the focus on decentralized finance and users are parking their money in assets that retain value. The next FOMC meeting which is scheduled for the first week of May will be closely watched by the crypto community. Any decision on a rate hike may have an immediate impact on the crypto market.”
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.
