Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to climb above the $66,000 mark over the weekend following the much-awaited Bitcoin Halving event. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens as the overall Market Fear & Greed Index stood at 62 (Greed) out of 100, as per CoinMarketCap data. The CORE token emerged as the biggest gainer of the lot, with a 24-hour jump of over 13 percent. Nervos Network (CKB) became the biggest loser, with a 24-hour dip of over 5 percent.
The global crypto market cap stood at $2.43 trillion at the time of writing, registering a 24-hour gain of 1.64 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $66,328.40, registering a 24-hour jump of 2.01 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 59.10 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,228.42, marking a 24-hour gain of 1.55 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.87 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 0.64 percent, as per CoinMarketCap data, currently priced at $0.1625. As per WazirX, Dogecoin price in India stood at Rs 14.36.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.24 percent. At the time of writing, it was trading at $85.69. LTC price in India stood at Rs 7,669.17.
Ripple (XRP) Price Today
XRP price stood at $0.5361, seeing a 24-hour jump of 1.39 percent. As per WazirX, Ripple price stood at Rs 47.81.
Solana (SOL) Price Today
Solana price stood at $153.25, marking a 24-hour gain of 1.85 percent. As per WazirX, SOL price in India stood at Rs 13,699.
Top Crypto Gainers Today (April 22)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Core (CORE)
Price: $2.44
24-hour gain: 13.20 percent
AIOZ Network (AIOZ)
Price: $0.7696
24-hour gain: 12.22 percent
Pepe (PEPE)
Price: $0.00000649
24-hour gain: 8.84 percent
Neo (NEO)
Price: $19.99
24-hour gain: 8.36 percent
NEAR Protocol (NEAR)
Price: $6.84
24-hour gain: 7.80 percent
Top Crypto Losers Today (April 22)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Nervos Network (CKB)
Price: $0.02056
24-hour gain: 5.76 percent
dogwifhat (WIF)
Price: $3.01
24-hour gain: 3.08 percent
Pendle (PENDLE)
Price: $5.98
24-hour gain: 2.44 percent
Maker (MKR)
Price: $3,036.15
24-hour gain: 2.30 percent
Monero (XMR)
Price: $119.39
24-hour gain: 1.74 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has soared above the $64,000 mark post the fourth halving event, demonstrating resilience despite a brief retreat to $59,000. This resurgence underscores robust buying interest at lower levels. With a remarkable 137% surge over the past year. Currently, neither bullish nor bearish sentiments dominate, suggesting potential sideways movement between $62,000 and $66,000 in the near term. Similarly, Ethereum’s performance mirrors Bitcoin’s, with Glassnode data revealing an increase in Ether supply among addresses holding 1,000 to 10,000 ETH in the past fortnight.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “With overall crypto M.Cap. just below $2.5 trillion, the market has undergone minor correction in the last 24 hours. BTC’s (-0.8%) MVRV (Market Value Realized Value) ratio seems to have fallen below its 90-day average, hinting towards an upcoming buying opportunity for crypto investors. In fact, BTC whales accumulated around $1.2 billion worth of BTC on Friday. The halving event, alongside the launch of the Runes token standard, had also led to a surge in transaction costs. The anticipation of BTC’s halving had led to a ~47% surge in its price since the beginning of the year. Historical data and price trends suggest that Bitcoin may register gains during Q2 this year. Altcoin rallies have also been usually noticed shortly after the halving, while BTC remains calm for some time before showing green candlesticks.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin stands at $65,052 with a 0.62% decrease in the past 24 hours after marking a 1.50% gain on Sunday. It could face a potential resistance at $66000 if it follows its current trajectory. Shiba Inu is set to touch its 50-day EMA, a crucial position between bulls and bears. If SHIB crosses the $0.00003 price range, it can further accelerate upwards. However, it has to sustain the levels to avoid falling back to its previous $0.000022. Solana too stands along its $150 range where it needs to establish support in order to move further up. If it maintains to gain momentum, it could look at resistance around the $166 range.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin’s rise to $65,225 signals increasing investor confidence, fueled by high-profile investments such as Michael Saylor’s, which boosted his net worth to nearly $4 billion. Grayscale’s Bitcoin Mini Trust, with a fee of 0.15%, aims to democratize access to crypto investments. However, the IRS’s proposed Form 1099-DA, which requires transaction reporting, raises privacy concerns. Technical analysis shows resistance at $66,910, with support at $63,045. The Relative Strength Index (RSI) at 56 suggests moderate buying, but caution is in order if the 50-day EMA of $64,682 is breached. Amidst optimism, regulatory oversight and market volatility, they underline the evolving landscape of digital assets.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin has been trading above $65,000 over the weekend after the halving. This week could see significant volatility, probably in favour of bulls as the Hong Kong ETFs are geared up to launch and the economic calendar is also inconsequential. A break out above $75,000 would confirm that the bottom has been achieved around $60,000.”
CoinDCX Research Team told ABP Live, “Over the weekend, the crypto market saw less volatility, with both BTC and ETH closing in the green following the push to the upside post-BTC halving. Technically, BTC is holding above the 50 EMA D support level but remains within a broader sideways zone. To continue the uptrend, it needs to surpass and maintain its recent ATH, with key resistances at $71400 and $72850. The decline in BTC dominance over the last few days is positive for altcoins. ETH is currently below the 50 EMA D and the $3200 S/R flip. The key resistance for ETH stands at $3,656.”
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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.