Bitcoin and Ethereum, the two most popular cryptocurrencies, showed little movement in their prices. Bitcoin remained within the $26,000 range, while Ethereum stayed around $1,800. Other altcoins like Dogecoin, Ripple, Litecoin, and Solana experienced mixed performance, with some showing gains and others in the red. However, SingularityNET’s AGIX token stood out as the top gainer with a 24-hour jump of nearly 8 percent.
Global Market Cap and Price Movements
The global cryptocurrency market cap reached $1.11 trillion, showing a 24-hour gain of 0.66 percent. Bitcoin’s price stood at $26,385.55, registering a 24-hour gain of 0.48 percent. In Indian exchange WazirX, the price of Bitcoin was Rs 23.21 lakh. Ethereum’s price stood at $1,804.77, marking a 24-hour jump of 1.32 percent. In India, Ethereum was priced at Rs 1.60 lakh.
Other Cryptocurrency Prices
Dogecoin registered a 24-hour gain of 0.25 percent, priced at $0.07057. In India, Dogecoin was valued at Rs 6.32. Litecoin experienced a 2.34 percent increase, trading at $86.37. Its price in India was Rs 7,699. Ripple’s price stood at $0.4633, showing a 24-hour gain of 2.23 percent. In India, Ripple was priced at Rs 40.80. Solana recorded a 24-hour loss of 0.79 percent, trading at $19.22. Its price in India was Rs 1,760.
The Top Gainer and Losers
SingularityNET’s AGIX token emerged as the top gainer with a 24-hour jump of nearly 8 percent. On the other hand, Flare (FLR) and Axie Infinity (AXS) were among the top losers, experiencing 24-hour losses of 3.46 percent and 3.34 percent, respectively.
Market Outlook and Expert Opinions
Cryptocurrency markets traded sideways, with investors focusing on ongoing negotiations surrounding the US debt ceiling. The uncertain macroeconomic climate, inflation concerns, and crypto regulations affected market sentiment. However, Bitcoin’s sell-side risk ratio reached an all-time low, suggesting potential price movements in the future. Experts advised readers to seek expert advice and carefully evaluate investment risks before engaging in cryptocurrency transactions.
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