Bitcoin Surpasses $64K, Akash Network Emerges as Leading Performer

16 views 3:10 pm 0 Comments May 17, 2024

Bitcoin (BTC), the oldest and most valuable cryptocurrency globally, surged past the $64,000 milestone early on Wednesday. Alongside Bitcoin, other popular alternative cryptocurrencies such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) also experienced gains. The Market Fear & Greed Index, as reported by CoinMarketCap, currently stands at 60 (indicating Greed).

Among the notable performers, the Akash Network (AKT) token emerged as the top gainer with a remarkable 12% increase in a 24-hour period, while OKB faced the most significant loss with a decline of over 3%.

The total market capitalization of the global cryptocurrency market reached $2.33 trillion at the time of this report, reflecting a 2.89% increase over the past 24 hours.

Current Prices of Major Cryptocurrencies

Bitcoin (BTC)

  • Price: $64,222.65
  • 24-hour Change: +2.37%
  • Price in India (WazirX): Rs 60 lakh

Ethereum (ETH)

  • Price: $3,111.42
  • 24-hour Change: +2.07%
  • Price in India (WazirX): Rs 2.91 lakh

Dogecoin (DOGE)

  • Price: $0.1576
  • 24-hour Change: +2.52%
  • Price in India (WazirX): Rs 15

Litecoin (LTC)

  • Price: $79.57
  • 24-hour Change: +3.35%
  • Price in India: Rs 7,332.10

Ripple (XRP)

  • Price: $0.5001
  • 24-hour Change: +2.52%
  • Price in India (WazirX): Rs 47

Solana (SOL)

  • Price: $141.46
  • 24-hour Change: +5.97%
  • Price in India (WazirX): Rs 13,381

Top Gainers in the Crypto Market Today (April 17)

According to CoinMarketCap, the top five gainers in the cryptocurrency market over the last 24 hours are:

  • Akash Network (AKT)

    • Price: $3.99
    • 24-hour Gain: 12.90%
  • Pepe (PEPE)

    • Price: $0.000005403
    • 24-hour Gain: 12.44%
  • Chiliz (CHZ)

    • Price: $0.1107
    • 24-hour Gain: 11.82%
  • Sui (SUI)

    • Price: $1.23
    • 24-hour Gain: 9.97%
  • JasmyCoin (JASMY)

    • Price: $0.01898
    • 24-hour Gain: 9.76%

Top Losers in the Crypto Market Today (April 17)

The top five losers in the cryptocurrency market over the last 24 hours, as per CoinMarketCap data, are:

  • OKB (OKB)

    • Price: $57.72
    • 24-hour Loss: 3.34%
  • Neo (NEO)

    • Price: $18.74
    • 24-hour Loss: 2.35%
  • Stacks (STX)

    • Price: $2.40
    • 24-hour Loss: 1.77%
  • Pendle (PENDLE)

    • Price: $6.22
    • 24-hour Loss: 0.71%
  • UNUS SED LEO (LEO)

    • Price: $5.87
    • 24-hour Loss: 0.59%

Insights from Crypto Exchanges on the Current Market Situation

Various crypto exchange experts shared their perspectives on the current market conditions:

  • Edul Patel, Co-founder and CEO of Mudrex, highlighted the consolidation of Bitcoin around $63,000, emphasizing the importance of surpassing key levels for a bullish trend.

  • CoinSwitch Markets Desk pointed out the impact of geopolitical tensions on Bitcoin’s trading patterns and its outperformance compared to altcoins.

  • Sathvik Vishwanath, CEO and Co-founder of Unocoin, discussed the upcoming Bitcoin halving event and its historical significance in influencing price movements.

  • Shivam Thakral, CEO of BuyUcoin, analyzed Bitcoin’s price levels post the halving event and expected price movements.

  • The CoinDCX Research Team provided technical insights into the market, suggesting potential support levels and market sentiment analysis.

Cryptocurrency investments are speculative and carry inherent risks. Readers are advised to conduct thorough research and seek expert advice before engaging in any cryptocurrency transactions. The market predictions mentioned are based on speculation and should be approached with caution.