Bitcoin and Altcoins Remain Steady, THORChain (RUNE) Surges
Introduction
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, remained below the $26,000 mark early Thursday. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — traded sideways across the board. The THORChain (RUNE) token went on to become the biggest gainer, with a 24-hour jump of nearly 7 percent. Flare (FLR) became the biggest loser, with a 24-hour dip of nearly 2 percent.
Global Crypto Market Cap
The global crypto market cap stood at $1.04 trillion at the time of writing, registering a 24-hour gain of 0.14 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $25,827.73, registering a 24-hour jump of 0.22 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 22.35 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,638.60, marking a 24-hour jump of 0.37 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.41 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 0.52 percent, as per CoinMarketCap data, currently priced at $0.06375. As per WazirX, Dogecoin price in India stood at Rs 5.47.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.22 percent. At the time of writing, it was trading at $63.28. LTC price in India stood at Rs 5,569.92.
Ripple (XRP) Price Today
XRP price stood at $0.503, seeing a 24-hour dip of 0.29 percent. As per WazirX, Ripple price stood at Rs 43.80.
Solana (SOL) Price Today
Solana price stood at $19.77, marking a 24-hour loss of 1.78 percent. As per WazirX, SOL price in India stood at Rs 1,703.
Top Crypto Gainers Today (September 7)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
- THORChain (RUNE)
Price: $1.60
24-hour gain: 6.63 percent - Render (RNDR)
Price: $1.42
24-hour gain: 4.41 percent - GMX (GMX)
Price: $34.21
24-hour gain: 4.12 percent - Astar (ASTR)
Price: $0.05752
24-hour gain: 3.58 percent - Toncoin (TON)
Price: $1.82
24-hour gain: 3.54 percent
Top Crypto Losers Today (September 7)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
- Flare (FLR)
Price: $0.01285
24-hour loss: 1.90 percent - Solana (SOL)
Price: $19.77
24-hour loss: 1.79 percent - Mantle (MNT)
Price: $0.4158
24-hour loss: 1.66 percent - XDC Network (XDC)
Price: $0.05457
24-hour loss: 1.47 percent - The Sandbox (SAND)
Price: $0.306
24-hour loss: 1.34 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is currently above the $25,600 mark, striving to breach the $26,000 resistance zone. However, Bitcoin’s attempts to surge past the $26,000 and $26,200 levels have fallen short. This pattern mirrors historical data, which reveals a consistent decline in Bitcoin’s price during the month of September for the past six years. Meanwhile, Ethereum has been trading range-bound between $1,600 and $1,700 over the past week. In a noteworthy development, asset management firms Ark Invest and 21Shares have submitted an application to the US Securities and Exchange Commission (SEC) seeking approval for a fund they plan to call Ark 21Shares Ethereum ETF. If granted the green light, this would represent the first-ever spot Ethereum ETF in the United States.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “BTC’s price remained within a narrow range for another day, although for a very brief duration, BTC did trade below $25,500 and above $26,000 on Binance. The small dump and pump happened around the same time as the news broke out that a major tech investor Cathie Wood’s ARK Invest applied for a spot Ethereum ETF in the US. This marks the first such attempt in the United States to list such a fund which directly invests in the second largest digital asset in terms of market capitalization. ETH (-0.1 percent), however, also traded flat.”
Sathvik Vishwanath,
