After days of seeing red, the prices of most cryptocurrencies landed in the green early Thursday morning. Bitcoin (BTC), the world’s oldest and most valuable crypto currency, appeared to remain stable within the $16,000 range, while Ethereum (ETH) held within the $1,200 range. Other popular altcoins, including Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), saw minor gains across the board. The Helium (HNT) token turned out to be the biggest gainer of the lot, jumping more than 31 percent in 24 hours.
At the time of writing, the global crypto market capitalization was $811.19 billion, posting a 24-hour gain of 0.21%.
Bitcoin (BTC) price today
Bitcoin price stood at $16,863.43, up 0.20 percent in 24 hours, according to CoinMarketCap. According to the Indian exchange WazirX, the BTC price stood at Rs 14.40 lakhs.
Ethereum (ETH) price today
ETH price sat at $1,214.66, marking a 24-hour gain of 0.55 percent at the time of writing. According to WazirX, the Ethereum price in India stood at Rs 1.03 lakhs.
Dogecoin (DOGE) price today
DOGE posted a 24-hour gain of 1.61 percent according to data from CoinMarketCap, currently priced at $0.07381. According to WazirX, the Dogecoin price in India was Rs 6.48.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 0.64 percent. At the time of writing, it was trading at $65.57. The LTC price in India stood at Rs 5,562.18.
Ripple Price (XRP) Today
XRP price stood at $0.3439, with a 24-hour jump of 1.19 percent. According to WazirX, the Ripple price stood at Rs 29.16.
Solana (SOL) price today
Solana price settled at $12.12, marking a 24-hour gain of 0.62 percent. According to WazirX, the SOL price in India was Rs 1,065.
Top cryptocurrency gainers today (December 22)
Based on CoinMarketCap data, here are the top five cryptocurrency gainers in the last 24 hours:
24 hour gain: 31.41 percent
Classic Ethereum (ETC)
24 hour gain: 5.21 percent
24 hour gain: 3.98 percent
24 hour gain: 3.35 percent
24 hour gain: 2.84 percent
Top Crypto Losers Today (December 22)
Based on CoinMarketCap data, here are the top five cryptocurrency losers in the last 24 hours:
Loss of 24 hours: 6.67 percent
Loss of 24 hours: 4.68 percent
Lido DAO (LDO)
Loss of 24 hours: 4.46 percent
XDC Network (XDC)
Loss of 24 hours: 3.44 percent
Loss of 24 hours: 3.02 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: “Most cryptocurrencies saw their prices decline slightly in response to the release of US consumer confidence data, which rose to a maximum of eight months. BTC has been trading in a tight range and trying to gain more strength to push higher. It recently bounced off the $16,815 level and is currently targeting the $17,000 level, which could potentially pave the way for a return to the $18,000 range. Meanwhile, Ethereum has continued to trade above the $1,200 level. It recently rebounded from support at $1150, which suggests further buying activity at lower levels.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: “Bitcoin briefly topped $17,000 as the market awaited the release of the US Consumer Confidence Report after hitting a low of $16,763.66 on Tuesday, the BTC/USD reached an intraday high of $17,012.98 on Wednesday. The price jumped above the key resistance level of $16,800, indicating a positive trend for the cryptocurrency.”
weTrade founder Prashant Kumar also offered his take on the market scenario: “As the holiday season kicks off, the global crypto market capitalization was largely flat on Thursday down 0.5 percent. in the past 24 hours.However, market trading volume saw a large decline of about 30 percent over the past day.Despite this, the top two cryptocurrencies, Bitcoin and Ethereum, remained largely flat and “They held their ground. After days of being in the red, Dogecoin also saw some improvements on Wednesday. We could see the trend continue into the new year.”
Shivam Thakral, CEO of BuyUCoin, said: “The overall crypto market remains calm due to the slowdown in investor activity due to the holiday season. Other than a few altcoins, most crypto assets were flat with marginal fluctuations in their prices. Bitcoin continues to trade around the $16,850 mark, while Ether changed hands at the $1,218 level. Investors can hold their position until the first week of January 2023 and then start making active decisions.
Disclaimer: Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not legal tender and is subject to market risk. Readers are advised to seek expert advice and carefully read the offering documents along with relevant relevant literature before making any type of investment. cryptocurrency market predictions are speculative and any investment made will be at the sole risk and account of the readers.