Bitcoin crosses $71,000 and NEO becomes the main winner

Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to surpass the $71,000 mark early on Tuesday, slowly approaching its all-time high of $73,000. Other popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), landed in the green across the board while the overall market fear and greed index held. at 79 (Greed) out of 100, according to data from CoinMarketCap. The NEO token emerged as the biggest winner of the lot, jumping more than 36 percent in 24 hours. Bitcoin Cash (BCH) became the biggest loser, falling almost 2 percent in 24 hours.

The global crypto market capitalization stood at $2.68 trillion at the time of writing, registering a 3.53 percent jump in 24 hours.

Bitcoin (BTC) price today

The price of Bitcoin stood at $71,278.73, registering a gain of 2.74 percent in 24 hours, according to CoinMarketCap. According to Indian exchange WazirX, the price of BTC stood at Rs 61.34 lakh.

Ethereum (ETH) price today

The price of ETH stood at $3,698.13, marking a 24-hour gain of 8.07 percent at the time of writing. According to WazirX, the price of Ethereum in India stood at Rs 3.19 lakh.

Dogecoin (DOGE) price today

DOGE recorded a 0.47 percent jump in 24 hours, according to data from CoinMarketCap, currently priced at $0.1994. According to WazirX, the Dogecoin price in India stood at Rs 17.40.

Litecoin (LTC) price today

Litecoin recorded a gain of 0.50 percent in 24 hours. At the time of writing, it was trading at $102.15. The LTC price in India stood at Rs 8,800.

Ripple Price (XRP) Today

The price of XRP stood at $0.6157, up 4 percent in 24 hours. According to WazirX, the price of Ripple stood at Rs 53.40.

Solana (SOL) price today

The price of Solana stood at $177.46, representing a gain of 0.65 percent in 24 hours. According to WazirX, SOL price in India stood at Rs 15,947.85.

Top Crypto Gainers Today (April 9)

According to data from CoinMarketCap, these are the top five cryptocurrency gainers in the last 24 hours:

Neo (NEO)

Price: $20.63
24 hour gain: 36.46 percent

Toncoin (TON)

Price: $6.82
24 hour gain: 26.20 percent

Nerve network (CKB)

Price: $0.03121
24 hour gain: 15.84 percent

Athens (ENA)

Price: $1.33
24 hour gain: 13.89 percent

dogifhat (WIF)

Price: $4.08
24 hour gain: 11.50 percent

Top Crypto Losers Today (April 9)

According to data from CoinMarketCap, these are the top five cryptocurrency losers in the last 24 hours:

Bitcoin Cash (BCH)

Price: $677.01
Loss of 24 hours: 1.82 percent

Wormhole (W)

Price: $0.9564
Loss of 24 hours: 1.65 percent

Mantle (MNT)

Price: $1.42
Loss of 24 hours: 1.54 percent

Core (CORE)

Price: $2.60
Loss of 24 hours: 1.06 percent


Price: $73.39
Loss of 24 hours: 0.73 percent

What Crypto Exchanges Say About the Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live: “In the last 24 hours, Bitcoin has risen above $71,000, indicating bullish sentiment ahead of the halving event. This bullish momentum hints at a possible revision of the all-time high of $73,777, with a subsequent resistance level of $84,000. Over the past year, Bitcoin is up an impressive 154%. By contrast, Ethereum has eclipsed Bitcoin’s gains with an 8% one-day surge, fueled by increased on-chain activity, and a staggering 99% rise over the past year, with next anticipated resistance at $3,900. .

The CoinSwitch Markets Desk noted: “Bitcoin continues its bullish trend with just 10 days left in the much-hyped Bitcoin halving estimated on 04/20/2024. If recent history is anything to go by, just before the Bitcoin ETF, we saw a similar price action where although the price surpassed the recent high, it became a news selling event as soon as the price was announced. ETF. Traders should be careful with both bullish and bearish scenarios as there is a good chance that some profits will also be recorded at the time of the halving.”

Rajagopal Menon, Vice President at WazirX, said: “Bitcoin is on an upward trajectory and its next resistance level is anticipated to be $72,000. The 100 hourly simple moving average demonstrates a strong bullish trend. Immediate resistance is seen near $72,000, followed by major barriers at $72,500 and $72,800. A decisive break above the $72,800 resistance level could initiate fresh bullish momentum in the price. Now that dollar liquidity is also limited, support may not fall below $71,000, which could lead to a new ATH. Analysts also warn against a possible “selling the news” event similar to how market participants reacted before the halving.”

Shivam Thakral, CEO of BuyUcoin, said: “Bitcoin rose to a high of $72,650 for the first time after a month. The largest cryptocurrency is advancing towards $73,000 with a dominance of 52.36%. Ethereum and other altcoins, particularly memecoins, enjoyed a steady rise in the market. The next major level to break will be around the previous all-time high of $74,000, pointing to a new all-time high near the halving.”

The CoinDCX research team told ABP Live: “Over the past day, the cryptocurrency market remained bullish, with ETH and BTC gaining over 5%, and ETH outperforming BTC. Technically, BTC broke through the $72,000 mark and is now consolidating near the resistance level at $71,300. BTC needs to surpass its all-time high level for further bullish movement, with price action and indicators suggesting a bullish outlook. Meanwhile, ETH has shown stronger performance, breaking through a key level of $3,655 and currently trading slightly above it. A continuation from here could push ETH above the key resistance levels at $3,960 and $4,070. Additionally, the ETH/BTC pair saw a surge, helping altcoins gain 5% to 10%.”

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Disclaimer: Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for any losses arising from such transactions. Cryptocurrency is not legal tender and is subject to market risks. Readers are advised to seek expert advice and carefully read the offering documents along with relevant relevant literature on the subject before making any type of investment. Cryptocurrency Market predictions are speculative and any investment made will be at the sole risk and expense of the readers.

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