Bitcoin Climbs Above $26,000 Mark, Altcoins See Minor Gains

Bitcoin (BTC) Price Today

Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to climb above the $26,000 mark early Friday. Popular altcoins — including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw minor gains across the board. The Astar (ASTR) token went on to become the biggest gainer, with a 24-hour jump of nearly 5 percent. Synthetic (SNX) became the biggest loser, with a 24-hour dip of over 3 percent.

The global crypto market cap stood at $1.05 trillion at the time of writing, registering a 24-hour gain of 0.14 percent.

Ethereum (ETH) Price Today

ETH price stood at $1,647.17, marking a 24-hour jump of 0.56 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.43 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour gain of 0.12 percent, as per CoinMarketCap data, currently priced at $0.06379. As per WazirX, Dogecoin price in India stood at Rs 5.51.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour jump of 0.60 percent. At the time of writing, it was trading at $63.55. LTC price in India stood at Rs 5,560.50.

Ripple (XRP) Price Today

XRP price stood at $0.5053, seeing a 24-hour gain of 0.49 percent. As per WazirX, Ripple price stood at Rs 43.99.

Solana (SOL) Price Today

Solana price stood at $19.94, marking a 24-hour jump of 0.95 percent. As per WazirX, SOL price in India stood at Rs 1,716.62.

Top Crypto Gainers Today (September 8)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

• Astar (ASTR)
  • Price: $0.05992
  • 24-hour gain: 4.83 percent
• XDC Network (XDC)
  • Price: $0.05711
  • 24-hour gain: 4.65 percent
• Render (RNDR)
  • Price: $1.48
  • 24-hour gain: 4.12 percent
• IOTA (MIOTA)
  • Price: $0.1789
  • 24-hour gain: 3.49 percent
• Rocket Pool (RPL)
  • Price: $23.75
  • 24-hour gain: 2.66 percent

Top Crypto Losers Today (September 8)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

• Synthetic (SNX)
  • Price: $2.25
  • 24-hour loss: 3.16 percent
• Toncoin (TON)
  • Price: $1.78
  • 24-hour loss: 2.26 percent
• Polygon (MATIC)
  • Price: $0.5499
  • 24-hour loss: 2.23 percent
• dYdX (DYDX)
  • Price: $2.05
  • 24-hour loss: 2.02 percent
• Trust Wallet Token (TWT)
  • Price: $0.7975
  • 24-hour loss: 0.94 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin’s price surpassed the $26,000 zone and is currently trading around the $26,200 level. This positive price change could be due to a paper published yesterday by the IMF and the G20’s Financial Stability Board. The paper suggested that an outright ban on all cryptocurrencies wouldn’t be effective in the long term and recommended using targeted rules and a comprehensive monetary strategy instead. Meanwhile, Ethereum is currently trading above $1,600.”

Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “The crypto market has picked up for the second consecutive day. As per CoinGecko, the global crypto market capitalisation, up 1.2 percent, remains above $1.09 trillion. The fear and greed index also jumped 5 points since yesterday and is currently in the fear zone with a score of 46/100. The investor sentiment seems to have been slightly boosted after news about JPMorgan Chase & Co. exploring a blockchain-based payment and settlement system — a sign that companies are still building in the bear phase. If implemented, this may further institutional adoption for the industry.”

Rajagopal Menon, Vice President, WazirX, said, “Bitcoin experienced an upswing, surpassing the $26,000 resistance level, while Ether made modest gains but stayed below $1,650. JPMorgan is aiming to develop a blockchain-based digital deposit token for cross-border payments, pending US regulatory approval. Such tokens streamline blockchain deposits, offering speed and cost advantages.”

Shivam Thakral