Bitcoin (BTC), the world’s oldest and most valued crypto, managed to rise above the $98,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — largely landed in the greens across the board as overall Market Fear & Greed Index stood at 42 (Neutral) out of 100, as per CoinMarketCap data. The Sonic (S) token became the biggest gainer, with a 24-hour jump of over 4 percent. Raydium (RAY) became the biggest loser, with a 24-hour loss of nearly 25 percent.
The global crypto market cap stood at $3.13 trillion at the time of writing, registering a 24-hour loss of 1.94 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $95,425.16 registering a 24-hour dip of 0.99 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 82.79 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,709.63 marking a 24-hour dip of 2.48 percent at the time of writing. Ethereum price in India stood at Rs 2.35 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 5.32 percent, as per CoinMarketCap data, currently priced at $0.2313. Dogecoin price in India stood at Rs 20.07.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 2.55 percent. At the time of writing, it was trading at $123.12. LTC price in India stood at Rs 10,682.47.
Ripple (XRP) Price Today
XRP price stood at $2.48, seeing a 24-hour loss of 2.80 percent. Ripple price in India stood at Rs 215.74.
Solana (SOL) Price Today
Solana price stood at $158.54, marking a 24-hour dip of 6.48 percent. SOL price in India stood at Rs 13,740.49.
Top Crypto Gainers Today (February 24)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Sonic (S)
Price: $0.8431
24-hour gain: 4.74 percent
Cronos (CRO)
Price: $0.08721
24-hour gain: 2.33 percent
Sei (SEI)
Price: $0.2759
24-hour gain: 1.46 percent
UNUS SED LEO (LEO)
Price: $9.76
24-hour gain: 0.61 percent
TRON (TRX)
Price: $0.2429
24-hour gain: 0.43 percent
Top Crypto Losers Today (February 24)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Raydium (RAY)
Price: $3.23
24-hour loss: 24.29 percent
Story (IP)
Price: $3.92
24-hour loss: 11.88 percent
Hyperliquid (HYPE)
Price: $21.73
24-hour loss: 10.07 percent
Gala (GALA)
Price: $0.021
24-hour loss: 8.30 percent
Maker (MKR)
Price: $1,468.55
24-hour loss: 7.48 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Alankar Saxena, co-founder and CTO, Mudrex told ABP Live, “Over the weekend, Bitcoin reached $99,500, nearly reclaiming the $100K mark, before correcting below $95,000 following the $1.4 billion crypto hack on Friday. This incident triggered mass withdrawals from investors, affecting altcoins such as Ethereum, XRP, and Solana. Despite the setback, Ethereum quickly bounced back to $2,800, showing strong resilience. However, investors must remain cautious as the market digests the impact of the hack. In the next few days, BTC may experience slight volatility if it falls below the critical $94,000 support level.”
CoinSwitch Markets Desk noted, “While Bitcoin continues to struggle below the 96.2k USD resistance, most altcoins have been sitting at a significant drawdown from their recent all-time highs as well. The recent rundown was triggered primarily by one of the largest crypto hacks of 1.4 billion dollars from ByBit – where the hacker was able to withdraw ETH at an address not known to the exchange.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin’s failure to sustain $96K support has short-term bearish implications, and there could be further losses if bulls cannot hold key levels. While Bitcoin has weakened, altcoins have potential—XRP is developing a symmetrical triangle pattern, which could lead to a 14% rally, while ETH, BNB, XMR, and TAO have bullish formations. This indicates that the market dynamics are changing, with investors looking more at alternatives to Bitcoin. While the momentum of BTC is uncertain, the overall crypto market tells a different story, with a few altcoins strengthening.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The price of bitcoins was reflected over $ 95,000 after a 3% drop lowered by the Hack bybit Exchange. Bitcoin remains technically in a critical zone and trades between $ 93,725 and $ 96,763. If BTS exceeds $ 97,000, it can approach a $ 100,000 milestone, with a potential bull momentum indicating $ 130,000 as a goal. for 55 seconds After a 3% drop in the middle of the recent hack on the Byit, bitcoins stabilized above $ 95,000, renewing investors’ confidence. Within 48 hours, 200,000 new BTC wallets appeared, signaling an increase in new interest. Technical analysis shows that bitcoins are traded between $ 93,725 and $ 96,763, with a resistance of almost $ 97,000. Escape could drive bitcoins to $ 100,000 or even $ 130,000.”
Shivam Thakral, CEO of BuyUcoin, said, “Over the past 24 hours, market sentiment has been influenced by speculation surrounding the SEC’s appeal against Ripple’s XRP sales. The recent dismissal of the Coinbase case has sparked rumors of a potential withdrawal from the Ripple appeal, but the complexity of the court’s rulings complicates this strategy. Despite this uncertainty, XRP has shown resilience, reflecting broader market optimism. Investors remain cautious, awaiting clarity on the SEC’s intentions.”
CoinDCX Research Team noted, “Bitcoin continues to trade within a restrictive range as the buyers and sellers remain aloof without exerting the required pressure. On the other hand, Ethereum displays strength by sustaining above $2700, hinting towards the growing dominance of the altcoins. Besides, after a gigantic drop, the PI price triggered a decent recovery, suggesting that a huge price action could be on the horizon. However, market sentiments remain bullish for altcoins like Kaspa, XRP, Sonic, Cardano, and a few more.”
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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.