Ethereum (ETH), which managed to rise above the $1,700 mark on Tuesday for the first time since September 2022, dipped back to the $1,600 range yet again early Wednesday morning. Bitcoin (BTC), on the other hand, managed to remain stable within the $24,000 range. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw minor losses across the board. The ANKR token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 44 percent.
The global crypto market cap stood at $1.10 trillion at the time of writing, registering a 24-hour dip of 2.97 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $24,186.86, registering a 24-hour dip of 2.99 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 20.90 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,648.93, marking a 24-hour loss of 3.28 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.42 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour loss of 3.58 percent, as per CoinMarketCap data, currently priced at $0.0849. As per WazirX, Dogecoin price in India stood at Rs 7.38.
Litecoin (LTC) price today
Litecoin saw a 24-hour loss of 1.39 percent. At the time of writing, it was trading at $94.91. LTC price in India stood at Rs 8,166.
Ripple (XRP) price today
XRP price stood at $0.3893, seeing a 24-hour loss of 1.51 percent. As per WazirX, Ripple price stood at Rs 33.40.
Solana (SOL) price today
Solana price stood at $24.43, marking a 24-hour dip of 6.50 percent. As per WazirX, SOL price in India stood at Rs 2,083.57.
Top crypto gainers today (February 22)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Ankr (ANKR)
Price: $0.04939
24-hour gain: 44.52 percent
1inch Network (1INCH)
Price: $0.6527
24-hour gain: 5.78 percent
UNUS SED LEO (LEO)
Price: $3.49
24-hour gain: 4.65 percent
Tezos (XTZ)
Price: $1.29
24-hour gain: 3.13 percent
BinaryX (BNX)
Price: $179.49
24-hour gain: 2.97 percent
Top crypto losers today (February 22)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Huobi Token (HT)
Price: $5.37
24-hour loss: 13.63 percent
Neo (NEO)
Price: $13.15
24-hour loss: 11.48 percent
Curve DAO Token (CRV)
Price: $1.12
24-hour loss: 10.97 percent
dYdX (DYDX)
Price: $2.65
24-hour loss: 9.80 percent
Render Token (RNDR)
Price: $1.62
24-hour loss: 9.78 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin experienced a decline from its peak of $25,100 in the past 24 hours, falling to the $24,000 mark amidst a sudden shift in crypto market momentum. Bulls failed to break through the resistance level at $25,200, leaving BTC with immediate support at $23,800 and resistance at $24,200. Meanwhile, Ethereum saw a similar downward trend, with bears pushing the price below $1,700. The current support for ETH is $1,630, while resistance is $1,650.”
WazirX Vice President Rajagopal Menon said, “Bitcoin has seen a small dip compared to the previous day as the China narrative continues to be the talk of the town. Similarly, Ether has followed the path of Bitcoin and observed a downward trend in the past 24 hours. Bitcoin’s recent crossing of the rare ‘Golden Cross’ threshold, where its 50-day moving average has surpassed its 200-day moving average, has historically been a positive signal for its future performance.”
Kunji founder Anurag Dixit offered his take, “Recent comments made by the Finance Minister of India have provided a glimmer of hope to members of the cryptocurrency community, as they suggest that upcoming regulations may be implemented rather than an outright ban. However, it is expected that any progress on this front will be slow, while the market is expecting a move ASAP. The G20 meeting is entering its next phase as of today. Meanwhile, the release of preliminary GDP data and PCE figures from the United States this week is expected to lead to increased market volatility, as analysts attempt to discern the outlook for the next interest rate hike.”
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market is witnessing a healthy pullback after BTC breached the $25,000 mark ahead of the FOMC meeting. Hong Kong, one of the largest financial centers in the world has started consultation for crypto exchange licenses to serve retail investors which is a big boost for the industry. It will be interesting to see if Bitcoin can breach the $30,000 mark in the coming months which will set the tone for a different narrative around digital assets across the globe.”
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.
