Bitcoin (BTC) and Ethereum (ETH), arguably two of the most popular crypto coins in the world, managed to remain above the $24,000 and $1,600 marks, respectively, over the weekend. While other popular altcoins — including the likes of Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP) — saw minor losses, Solana (SOL) gainer over 10 percent in the last 24 hours. Speaking of gainers, the price of Stacks (STX) saw a 24-hour jump of over 87 percent, making it the biggest gainer of the lot.
The global crypto market cap stood at $1.11 trillion at the time of writing, registering a 24-hour dip of 0.68 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $24,346.95, registering a 24-hour loss of 1.38 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 20.47 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,683.06, marking a 24-hour loss of 0.71 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.42 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour dip of 1.56 percent, as per CoinMarketCap data, currently priced at $0.0873. As per WazirX, Dogecoin price in India stood at Rs 7.40.
Litecoin (LTC) price today
Litecoin saw a 24-hour loss of 2.29 percent. At the time of writing, it was trading at $97.70. LTC price in India stood at Rs 8,250.
Ripple (XRP) price today
XRP price stood at $0.3881, seeing a 24-hour dip of 0.99 percent. As per WazirX, Ripple price stood at Rs 32.40.
Solana (SOL) price today
Solana price stood at $25.77, marking a 24-hour jump of 10.32 percent. As per WazirX, SOL price in India stood at Rs 2,052.23.
Top crypto gainers today (February 20)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Stacks (STX)
Price: $0.7648
24-hour gain: 87.40 percent
Conflux (CFX)
Price: $0.2213
24-hour gain: 46.72 percent
Neo (NEO)
Price: $10.86
24-hour gain: 12.97 percent
Filecoin (FIL)
Price: $8.65
24-hour gain: 10.99 percent
Solana (SUN)
Price: $25.79
24-hour gain: 10.51 percent
Top crypto losers today (February 20)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Blur (BLUR)
Price: $1.24
24-hour loss: 8.59 percent
My (MY)
Price: $0.9928
24-hour loss: 6.94 percent
Render Token (RNDR)
Price: $1.70
24-hour loss: 6.75 percent
The Graph (GRT)
Price: $0.1695
24-hour loss: 6.33 percent
Lido DAO (LDO)
Price: $3.01
24-hour loss: 6.12 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “This morning, Bitcoin saw a slight dip, dropping from $25,000 to $24,000. Despite this, the BTC has maintained its weekly gains, indicating continued buyer activity. If buyers push the price back up to $25,250, there is no major resistance until $31,000. The support level for BTC currently sits at $23,800. Ethereum has followed a similar pattern, with its current trading near its resistance level of $1,700. Breaking through this could lead to an uptrend soon.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “The BTC/USD pair had limited trading activity on Sunday, hovering between $24,400 and $25,250. A potential breach of the $25,250 resistance level could see Bitcoin rise towards $26,000 or $26,450, but a break below $23,300 could lead to a further decline towards $22,850.”
Kunji founder Anurag Dixit offered his take, “Bitcoin (BTC) has recently made multiple attempts to break through the significant resistance level of $26,000, but has been met with consistent retracements. However, despite this, certain sub-sectors within the cryptocurrency market have continued to perform strongly over the weekend, indicating the emergence of notable outperformance trends.”
Shivam Thakral, the CEO of BuyUCoin, said, “It’s a great start for the week as Bitcoin is ready to test the crucial $25,000 mark. BTC is up by almost 12 percent in just seven days while the second largest digital asset Ethereum is up by over 10 percent during the same period. If Bitcoin finds strong support at the $24,000 level then it will provide much-needed momentum for BTC to test $30,000 in near future. Coinbase results and Hong Kong’s new licensing regime for VASPs will have a significant impact on the market in the coming weeks.”
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.