Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, paused its rally early Thursday as it remained within the $51,000 range. Other top coins, including the likes of — Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw minor dips across the board. The JasmyCoin (JASMY) token emerged as the biggest gainer of the lot, with a 24-hour jump of over 41 percent. Lido DAO (LDO) became the biggest loser, with a 24-hour dip of over 9 percent.
The global crypto market cap stood at $1.95 trillion at the time of writing, registering a 24-hour dip of 1.43 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $51,587.95, registering a 24-hour dip of 0.82 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 45.28 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,934.47, marking a 24-hour dip of 2.39 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.58 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 2 percent, as per CoinMarketCap data, currently priced at $0.08392. As per WazirX, Dogecoin price in India stood at Rs 7.31.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 0.98 percent. At the time of writing, it was trading at $68.41. LTC price in India stood at Rs 6,034.57.
Ripple (XRP) Price Today
XRP price stood at $0.5432, seeing a 24-hour loss of 2.88 percent. As per WazirX, Ripple price stood at Rs 47.74.
Solana (SOL) Price Today
Solana price stood at $103.44 marking a 24-hour dip of 2.75 percent. As per WazirX, SOL price in India stood at Rs 9,066.01.
Top Crypto Gainers Today (February 22)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
JasmyCoin (JASMY)
Price: $0.01646
24-hour gain: 41.46 percent
SingularityNET (AGIX)
Price: $0.7038
24-hour gain: 27.06 percent
Siacoin (SC)
Price: $0.0175
24-hour gain: 16.50 percent
The Graph (GRT)
Price: $0.2716
24-hour gain: 10.83 percent
Render (RNDR)
Price: $6.96
24-hour gain: 7.63 percent
Top Crypto Losers Today (February 22)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Lido DAO (LDO)
Price: $3
24-hour loss: 9.45 percent
Ronin (RON)
Price: $3.06
24-hour loss: 9.34 percent
Stacks (STX)
Price: $2.60
24-hour loss: 8.81 percent
Polygon (MATIC)
Price: $0.9276
24-hour loss: 8.38 percent
Sei (SEI)
Price: $0.8295
24-hour loss: 8.08 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin remains above the $51,000 level despite profit booking activities among market participants. Despite bearish efforts to lower its value, Bitcoin stands resilient above the $50,000 threshold. Immediate resistance levels are identified at $51,800 and $52,400, with support established at the $51,200 level. Meanwhile, Ethereum has experienced a slight retracement and is presently traded at the $2,900 level. The pullback in both Bitcoin and Ethereum has not diminished the prevailing optimism in the market.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “BTC’s (-1.1%) recent price movement between $51k and $53K suggests an ongoing cool-off period, with a bullish big picture. Markets are expecting BTC to reach as high as $150K this year. In parallel, AI tokens including SingularityNet (AGIX, +26.46%), FetchAi (FET, +3.76%) and Render (RNDR, +8.36%) have surged after Nvidia beat analyst estimates around its 4th quarter earnings. The shares of the company also rose more than 7% in post-market trading yesterday.”
Rajagopal Menon, Vice President, WazirX, said, “Following the recent FOMC announcements, interest rates are expected to remain unchanged, suggesting satisfaction with the current rates. The statement emphasised effective inflation control policies, briefly impacting precious metals like gold and silver before their recovery. In contrast, Bitcoin experienced a 1.13% decline post-announcement, hinting at a potential pre-halving correction according to market indicators. Profit-taking contributed to selling pressure, temporarily lowering Bitcoin to approximately $51k. Investors are attentively observing these developments post-FOMC.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin climbed above $52,000 and regained $1 trillion in market cap thanks to Fidelity and BlackRock’s approval of Bitcoin ETFs. Analysts are eyeing a target of $150,000 by mid-2025, citing rate halving and potential rate cuts. Despite the optimism, caution against speculative risks prevails. Australian sentiment surged after US ETF approval, with 25% more positive and 19% considering ASX-listed bitcoin ETFs. ETFs saw record trades of $2 billion led by VanEck. MicroStrategy’s CEO advocates holding Bitcoin long-term, as their $10 billion investment yields $4 billion in profit. Technical data shows $52,515 as pivotal, with resistance at $53,943 and support at $50,783. RSI at 50 indicates neutrality, while MACD signals potential momentum shifts. The bullish outlook relies on holding $51,000.”
Shivam Thakral, CEO of BuyUcoin, said, “The Crypto market has experienced significant volatility after Bitcoin surged to $53,000. Since then it has unsuccessfully tried breaking this resistance several times. A potential break out above $53,000 could push the price of the cryptocurrency to up to $58,000. However the continuous rejection at resistance might lead to a pull back to $48,000 – $49,000 before the 4th halving.”
CoinDCX Research Team told ABP Live, “In the last 24 hours, Bitcoin experienced a notable surge, reaching a new high for the year at $53,000. However, it quickly retraced to $50,750 due to factors such as peaking open interest and unfavorable funding rates for bullish positions. This sudden drop triggered a decline in altcoins, with many experiencing high leverage liquidations. Despite this, Bitcoin managed to recover and is currently trading at $52,000. Conversely, Ethereum remained relatively strong throughout the turmoil, showing resilience by barely dropping in price and even surpassing the $3,000 milestone.”
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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.
