Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to remain stable above the $70,000 mark early Friday. It appears that the approaching Bitcoin Halving event is lending to good faith among investors. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw a mix of gains and dips as the overall Market Fear & Greed Index stood at 75 (Greed) out of 100, as per CoinMarketCap data. The ONDO token emerged as the biggest gainer of the lot, with a 24-hour jump of over 8 percent. AAVE became the biggest loser, with a 24-hour dip of over 6 percent.
The global crypto market cap stood at $2.63 trillion at the time of writing, registering a 24-hour gain of 0.01 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $70,902.64, registering a 24-hour gain of 0.40 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 62.72 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,535.69, marking a 24-hour loss of 0.63 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.10 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 0.83 percent, as per CoinMarketCap data, currently priced at $0.1978. As per WazirX, Dogecoin price in India stood at Rs 17.38.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 1.51 percent. At the time of writing, it was trading at $98.23. LTC price in India stood at Rs 8,700.
Ripple (XRP) Price Today
XRP price stood at $0.6117, seeing a 24-hour dip of 1.10 percent. As per WazirX, Ripple price stood at Rs 54.10.
Solana (SOL) Price Today
Solana price stood at $174.06, marking a 24-hour gain of 0.85 percent. As per WazirX, SOL price in India stood at Rs 15,254.10.
Top Crypto Gainers Today (April 12)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Ondo (ONDO)
Price: $0.8378
24-hour gain: 8.68 percent
BitTorrent (New) (BTT)
Price: $0.000001599
24-hour gain: 7.80 percent
Helium (HNT)
Price: $6.36
24-hour gain: 7.02 percent
Bittensor (TAO)
Price: $613.37
24-hour gain: 6.92 percent
Pepe (PEPE)
Price: $0.00000744
24-hour gain: 5.61 percent
Top Crypto Losers Today (April 12)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Aave (AAVE)
Price: $119.44
24-hour gain: 6.68 percent
ORDI (ORDI)
Price: $72.77
24-hour gain: 5.96 percent
Uniswap (UNI)
Price: $9.01
24-hour gain: 4.97 percent
Jupiter (JUP)
Price: $1.29
24-hour gain: 4.24 percent
Filecoin (FIL)
Price: $8.18
24-hour gain: 4.07 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has surged above $70,000 ahead of the Bitcoin Halving, reclaiming levels last seen on March 25th. The $71,200 resistance awaits, with support at $69,100. If momentum remains strong and buying interest stays steady, Bitcoin could revisit its all-time high. Meanwhile, Ethereum continues to trade above $3,500, seeing a 7% gain over the past week, surpassing Bitcoin’s performance. Overall, bullish sentiment prevails as the Bitcoin halving event approaches.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “BTC (-0.1%) continues to trade above its newly found base at $70k. However, Bitcoin’s 7-day average mining hash rate has started approaching its ATH value, increasing the mining difficulty by 4%. An increased hash rate results in increased security for the network. This may bring buying pressure for BTC, with potential resistance at around $71.2k. Within the altcoin universe, nearly 25 million APT (-0.5%) tokens, worth around $300 million, are set to be unlocked today. A majority portion of the unlocked tokens will go to core contributors of the network followed by investors, community members, and towards ecosystem development.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin bulls are active above the $69,200 level. Bitcoin is now trading above $70,000 and the immediate resistance is near the $70,800 level. There is also a connecting bearish trend line forming with resistance at $70,800 which is because of its inability to hold its upward price movement twice in the last week. Ethereum is on an upward momentum too as the market seems optimistic before the halving next week: While spot ETFs remain uncertain, activities are increasing bullish momentum for the token.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “BTC is up 2.5% in the last 24 hours to reach $70,561, while the overall crypto market is up 1.5%. Despite up 6.5% for the week, BTC is down 2% for the month. Expectations of an inflation-driven rate cut by the Fed and an impending halving for the week suggest the potential for further gains. Technical indicators such as the 30-day moving average and relative strength index suggest increasing momentum without entering overbought territory. Converging resistance and support levels indicate a significant move forward, potentially fueled by a halving. Analysts anticipate a short-term sell-off after the halving, but expect long-term price appreciation due to reduced supply. With BTC only 4% off its all-time high, projections suggest it could reach $75,000 by May and $80,000 to $90,000 by Q3 2024.”
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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.
