Let us navigate to crypto market update today
The crypto market update: Today, 9th of May, Bitcoin lowered below US$62,000, and THORChain ranked as the top gainer. Meanwhile, the global market cap fell to US$2.28 trillion.
The cryptocurrencies price today:
- Bitcoin (BTC) Price: 09-05-2024
As per CoinMarketCap, Bitcoin price stands at US$61,587.55, in a 24-hour dip of 2.18%. While coming to the Indian exchange WazirX, BTC’s price is seen at Rs 54.48 lakh.
- Ethereum (ETH) Price: 09-05-2024
Coming to Ethereum, the price stood at US$2,996.16, stamping in the 24-hour dip of 0.88% at the time of writing. As per the WazirX crypto market update, Ethereum’s price in India is positioned at Rs 2.65 lakh.
- Dogecoin (DOGE) Price: 09-05-2024
DOGE registered a 24-hour loss of 2.27%, as per CoinMarketCap data, the current price is at US$0.1475. As per WazirX, Dogecoin price in India stood at Rs 13.25.
- Litecoin (LTC) Price: 09-05-2024
Litecoin saw a 24-hour gain of 1.51%. At the time of writing, it was trading at $81.97. LTC price in India is positioned at Rs 7,264.
- Ripple (XRP) Price: 09-05-2024
As per today’s crypto market update, XRP price is seen at US$0.5213, looking at a 24-hour loss of 0.77%. WazirX reports say Ripple’s price stood at Rs 45.81.
6.Solana (SOL) Price: 09-05-2024
Solana’s price was positioned at US$144.68, with a dip of 3.18 percent in 24 hours. As per WazirX, the SOL price in India stood at Rs 13,201.
- THORChain (RUNE) Price: 09-05-2024
It is observed that the THORChain coin price stands at US$5.90 with a 7.68 percent gain in 24 hours.
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin tumbles to $61,000 amid US regulatory concerns. Investors are also pressured by uncertainty over the US interest rates, as Fed signaled to keep the rates unchanged in 2024. Despite this, Bitcoin has been holding strong above the $60,000 level. The next support lies at the $60,900 level and the resistance is at the $62,700 level. Bitcoin is going at a trade range bound between $60,000 and $63,000 in the next couple of days.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin bears reign supreme as its price consequently tumbled down to $61k levels from $63k in a couple of days. With a brief low of $60,900, the price is consolidating at $61,662. The next resistance lies at $62k failing to break this, the price can face downward pressure which could eventually push it to $58k levels. If the bulls don’t take over to break this resistance, the market hurdles will persist for BTC.
The crypto market update noted on Shivam Thakral statements, the CEO of BuyUcoin, said, “Bitcoin has entered the re-accumulation phase as it consolidates for more than 2 months after ATH. We can expect one more ride to the recent lows, a retest around $59,000-60,000 level again. A clear break above $65,000 could restart the rally towards $70,000. Some Altcoins are making new yearly lows and there’s a bearish sentiment in the market concerned with large Altcoin unlocks in the coming weeks.”
Overall, the global crypto market price today at the cap is seen to stand at US$2.28 trillion at the time of writing, registering a 24-hour dip of 1.29 percent.
