Market Overview
- Bitcoin (BTC) and other major cryptocurrencies saw a dip in value.
- Osmosis (OSMO) emerged as the biggest gainer, while Synthetix (SNX) became the biggest loser.
- The global crypto market cap stood at $1.54 trillion, down 2.66 percent from yesterday.
Bitcoin (BTC)
- BTC traded below $41,000.
- It experienced a 24-hour loss of 2.20 percent.
- Key resistance is at $41,450, while support is found at $39,500.
Ethereum (ETH)
- ETH traded below $2,200.
- It had a 24-hour loss of 2.84 percent.
- Key resistance is at $2,250, while support is at $2,000.
Other Major Cryptocurrencies
- Dogecoin (DOGE) lost 5.13 percent in 24 hours.
- Litecoin (LTC) saw a 2.56 percent dip.
- Ripple (XRP) fell 2.73 percent.
- Solana (SOL) dropped 7.93 percent.
Top Crypto Gainers
Rank | Cryptocurrency | Price | 24-Hour Gain |
---|---|---|---|
1 | Osmosis (OSMO) | $1.0424 | 16.09% |
2 | Cosmos (ATOM) | $11.14 | 9.52% |
3 | Aptos (APT) | $8.61 | 7.59% |
4 | VeChain (VET) | $0.02919 | 6.18% |
5 | aelf (ELF) | $0.7936 | 5.92% |
Top Crypto Losers
Rank | Cryptocurrency | Price | 24-Hour Loss |
---|---|---|---|
1 | Synthetix (SNX) | $4.04 | 17.82% |
2 | Avalanche (AVAX) | $35.22 | 16.02% |
3 | Bonk (BONK) | $0.00001103 | 12.27% |
4 | MultiversX (EGLD) | $59.39 | 12.04% |
5 | Algorand (ALGO) | $0.1898 | 11.01% |
Expert Predictions
- Edul Patel, co-founder and CEO of Mudrex, expects Bitcoin to consolidate around $40,000.
- CoinSwitch Markets Desk believes that if Bitcoin consolidates around $40k, altcoins could rally.
- Rajagopal Menon, Vice President of WazirX, predicts a bullish trend for Bitcoin if the Federal Reserve pauses interest rate hikes.
- Sathvik Vishwanath, CEO and co-founder of Unocoin, sees potential in INJ and MUBI.
- Shivam Thakral, CEO of BuyUcoin, warns of further pressure on the crypto market if the US Fed raises interest rates.