Bitcoin (BTC), the world’s most valued crypto coin, dipped below the $19,000 mark early Wednesday morning after briefly rising above it a day earlier. Ethereum (ETH), continues to see a bear run as its price dipped below the $1,300 mark on September 28. The month of September is turning out to be a depressing one for investors, as overall crypto prices have seen a massive tumble due to US Fed interest rate hikes and other global macroeconomic factors. Other popular altcoins, including the likes of Dogecoin (DOGE), Solana (SOL), and Ripple (XRP), landed in the reds across the board.
At the time of writing, the global crypto market cap stood at $915.02 billion, marking a 5.52 percent dip in the last 24 hours, as per CoinMarketCap data.
Bitcoin (BTC) price today
Bitcoin price stood at $18,765.63, seeing a 24-hour dip of 6.24 percent, as per CoinMarketCap. As per Indian exchange WazirX, BTC price stood at Rs 16.05 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,285.20, marking a 24-hour loss of 7.13 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.10 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour loss of 4.96 percent as per CoinMarketCap data, currently priced at $0.05943. As per WazirX, Dogecoin price in India stood at Rs 5.01.
Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 5.78 percent. At the time of writing, it was priced at $51.82. LTC price in India stood at Rs 4,402.
Ripple (XRP) price today
XRP price stood at $0.4264, seeing a 24-hour dip of 10.19 percent. As per WazirX, Ripple price stood at Rs 36.40.
Solana (SOL) price today
Solana price stood at $32.39, marking a 24-hour loss of 7.30 percent. As per WazirX, SOL price in India stood at Rs 2,710.
Top crypto gainers today (September 28)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 8.93 percent
Reserve Rights (RSR)
24-hour gain: 4.80 percent
24-hour gain: 1.20 percent
Neutrino USD (USDN)
24-hour gain: 0.04 percent
24-hour gain: 0.02 percent
Top crypto losers today (September 28)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Terra Classic (LUNC)
24-hour loss: 11.16 percent
24-hour loss: 10.62 percent
24-hour loss: 9.75 percent
24-hour loss: 9.18 percent
24-hour loss: 8.89 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin crashed below the $19,000 level after being rejected at $20,000 in the past 24 hours. Even though buyers tried to defend the key support level at $19,000, sellers gained more strength in dominating the market. The immediate support of BTC lies at $18,600, while the resistance is at $19,200. On the other hand, Ethereum also tried to close at $1,500 but has fallen below the $1,300 level. ETH’s immediate support now lies at $1,200, while resistance is at $1,300. This downward trend is due to increased selling pressure after the US Dollar regained its strength.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “The price of Bitcoin started to rise steadily above the $19,500 resistance at the start of the day on Tuesday. Eventually, BTC closed over $20,000 with a gain of over 5 percent. Now, the previous resistance of $19,500 could act as strong support. Similarly, most major altcoins have moved slightly higher. Namely, ETH is up 5 percent and is approaching the $1,400 resistance zone, XRP is trying to move above the $0.48 resistance, and ADA is consolidating above the $0.45 pivot level. No category-wise patterns were seen for the day, but the gains happened to fill in the dull market we’ve been seeing for a week.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, “A day after the market saw some upward movement, the global crypto market cap is in the red again on Wednesday morning during Asia trading hours. This is after the global market cap has declined by approximately 5 percent in the past 24 hours due to global macroeconomic factors. Bitcoin, which crossed the $20,000 mark on Tuesday slipped by approximately 6 percent and is trading under $19,000. Ethereum, which was inching closer to the $1,400 mark also faced a 7 percent decline and is trading around $1,280. September has been a choppy month for the market due to rising inflation and interest rate hikes.”
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.