Bitcoin Remains Above $43,000, Other Coins See Minor Gains and Losses
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to remain above the $43,000 mark over the weekend. Other top coins, including Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), saw minor gains and losses across the board. The Ronin (RON) token emerged as the biggest gainer, while MANTA experienced the biggest loss.
The global crypto market cap stood at $1.63 trillion at the time of writing, registering a 24-hour gain of 0.82 percent.
Bitcoin and Ethereum Experience Minor Dips
Bitcoin price stood at $42,651.90, registering a 24-hour dip of 0.81 percent. Ethereum price, on the other hand, stood at $2,292.04, marking a 24-hour dip of 0.39 percent.
Other Top Coins See Minor Movement
Dogecoin registered a 24-hour dip of 0.98 percent, currently priced at $0.07814. Litecoin saw a 24-hour dip of 1.56 percent, trading at $67.10. Ripple price stood at $0.5056, seeing a 24-hour loss of 2.26 percent. Solana price stood at $96.10, marking a 24-hour dip of 2.05 percent.
Top Crypto Gainers and Losers
The top five crypto gainers over the past 24 hours were Ronin (RON) with a 24-hour gain of 13.54 percent, Flare (FLR) with a 24-hour gain of 10.67 percent, Pendle (PENDLE) with a 24-hour gain of 4.69 percent, Internet Computer (ICP) with a 24-hour gain of 2.24 percent, and Chainlink (LINK) with a 24-hour gain of 1.87 percent.
The top five crypto losers over the past 24 hours were Manta Network (MANTA) with a 24-hour loss of 7.58 percent, Jupiter (JUP) with a 24-hour loss of 6.79 percent, Render (RNDR) with a 24-hour loss of 5.80 percent, Conflux (CFX) with a 24-hour loss of 5.16 percent, and ORDI (ORDI) with a 24-hour loss of 4.87 percent.
Crypto Experts Weigh In
Mudrex co-founder and CEO Edul Patel mentioned the factors influencing Bitcoin’s performance, including a Federal Reserve adopting a hawkish stance and Bitcoin outflows from Grayscale. Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, talked about the range-bound performance of Bitcoin and Ethereum, while Rajagopal Menon, Vice President, WazirX, discussed Bitcoin’s mixed investor sentiment. Sathvik Vishwanath, CEO and co-founder of Unocoin, highlighted potential factors affecting Bitcoin prices, and CoinDCX Research Team offered insights on Bitcoin and Ethereum’s performance over the weekend.
Disclaimer and Investment Advice
The article concludes with a disclaimer, emphasizing the risks and volatility of cryptocurrency investments. Readers are advised to seek expert advice and exercise caution when investing in cryptocurrencies.
Analyst comment
This news is neutral. Bitcoin remains above $43,000, with minor gains and losses in other coins. The market is relatively stable, with a global crypto market cap of $1.63 trillion. Bitcoin and Ethereum experience minor dips, while other top coins see minor movement. Crypto experts weigh in on various factors influencing Bitcoin’s performance. Readers are advised to be cautious and seek expert advice when investing in cryptocurrencies.
