Image Credits: CryptoAvanza
In the ever-volatile world of cryptocurrencies, the weekend brought both excitement and disappointment to traders and enthusiasts. Bitcoin (BTC), often regarded as the bellwether of the digital currency market, made headlines as it struggled to surpass the elusive $27,000 mark.
Meanwhile, other prominent cryptocurrencies such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Solana (SOL) exhibited a mix of minor gains and losses.
Litecoin (LTC) emerged as the star performer of the weekend, boasting a 24-hour surge of over 3 percent. However, the Akash Network (AKT) token found itself on the opposite end of the spectrum, experiencing a 24-hour loss of nearly 19 percent.
As of the time of writing, the global cryptocurrency market’s capitalization stood at $1.06 trillion, indicating a modest 24-hour gain of 0.10 percent. Here’s a brief overview of the cryptocurrency landscape:
Bitcoin (BTC) Price Today
Bitcoin’s price struggled to break through the $27,000 resistance level, settling at $26,087.20. This represented a 24-hour decrease of 0.13 percent, as reported by CoinMarketCap. For Indian traders, the price of WazirX stood at Rs 23.04 lakh.
Ethereum (ETH) Price Today
Ethereum, the second-largest cryptocurrency by market capitalization, experienced a 24-hour gain of 0.52 percent, with its price reaching $1,676.90 at the time of writing. In India, Ethereum was trading at approximately Rs 1.50 lakh on WazirX.
Dogecoin (DOGE) Price Today
Dogecoin, known for its playful origins, faced a 10.98 percent dip in the 24-hour trading cycle. The current price of DOGE stood at $0.06071, according to CoinMarketCap data. On WazirX, Dogecoin was trading at around Rs 5.72.
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Litecoin (LTC) Price Today
Litecoin, often referred to as “digital silver” to Bitcoin’s “digital gold,” experienced a notable 24-hour gain of 3.31 percent. It was trading at $66.43 at the time of writing, while the price in India on WazirX was approximately Rs 5,805.64.
Ripple (XRP) Price Today
Ripple’s XRP token saw a 24-hour gain of 2.71 percent, with its price standing at $0.5323. For Indian investors, the price on WazirX was approximately Rs 47.
Solana (SOL) Price Today
Solana, a cryptocurrency known for its high-speed and low-cost transactions, recorded a 24-hour loss of 1.95 percent, with its price at $21.47. On WazirX, the price of SOL in India was around Rs 1,917.20.
As the cryptocurrency market continues to exhibit its characteristic volatility, investors and traders keep a close eye on these digital assets, hoping for significant price movements and opportunities for profit.
However, as with any investment, it’s essential to approach the cryptocurrency market with caution and a well-researched strategy.
