Bitcoin (BTC), the most established and highly valued cryptocurrency globally, experienced a decline to $64,000 on Thursday morning. Concurrently, various other popular alternative cryptocurrencies such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) observed losses, reflecting a market sentiment categorized as 60 (Neutral) on the Market Fear & Greed Index, based on data from CoinMarketCap. Among these, the EOS token emerged as the top performer, exhibiting a noteworthy increase of over 4 percent within a 24-hour period. Conversely, HBAR, which previously demonstrated significant gains, faced a substantial decline of over 34 percent, becoming the primary loser for the day.

At the time of reporting, the total market capitalization of the global cryptocurrency market reached $2.37 trillion, indicating a 3.54 percent increase over the past 24 hours.

Current Bitcoin (BTC) Price

The price of Bitcoin was recorded at $64,223.05, showing a decrease of 4.23 percent within 24 hours according to CoinMarketCap. On the Indian exchange WazirX, the price of BTC was noted at Rs 58.30 lakh.

Current Ethereum (ETH) Price

Ethereum was priced at $3,150.10, marking a 3.49 percent decline within 24 hours at the time of data collection. The price of Ethereum in India, as per WazirX, stood at Rs 2.87 lakh.

Current Dogecoin (DOGE) Price

DOGE experienced a loss of 7.75 percent within 24 hours, with its current price at $0.1505 based on CoinMarketCap data. In India, the price of Dogecoin on WazirX was noted at Rs 13.73.

Current Litecoin (LTC) Price

Litecoin exhibited a 3.24 percent decrease within 24 hours, trading at $83.58 during the reporting period. In India, the price of LTC stood at Rs 7,500.

Current Ripple (XRP) Price

The price of XRP was $0.5264, showcasing a 4.49 percent decline within 24 hours. As reported by WazirX, the price of Ripple in India was Rs 47.

Current Solana (SOL) Price

Solana was priced at $147.03, reflecting a 7.61 percent decrease within 24 hours. In India, the price of SOL on WazirX stood at Rs 13,301.

Leading Crypto Performers Today (April 25)

According to data from CoinMarketCap, the top five cryptocurrencies that experienced significant gains in the past 24 hours include:

EOS (EOS)

Price: $0.8984 24-hour gain: 4.81 percent

Tron (TRX)

Price: $0.1141

24-hour gain: 0.43 percent

UNUS SED LEO (LEO)

Price: $5.77

24-hour gain: 0.23 percent

BNB (BNB)

Price: $606.55

24-hour gain: 0.02 percent

FLOKI (FLOKI)

Price: $3.06

24-hour gain: 6.64 percent

Top Performing Cryptocurrencies Today (April 25)

As per the data provided by CoinMarketCap, the top five cryptocurrencies that faced losses in the last 24 hours are:

Hedera (HBAR)

Price: $0.1139 24-hour gain: 34.80 percent

Starknet (STRK) Price: $1.18

24-hour gain: 14.67 percent

dogwifhat (WIF)

Price: $2.88

24-hour gain: 14.21 percent

Bonk (BONK)

Price: $0.00002343

24-hour gain: 13.37 percent

Worldcoin (WLD)

Price: $4.82

24-hour gain: 13.18 percent

Insights from Crypto Exchanges on the Current Market Conditions

Edul Patel, Co-founder and CEO of Mudrex, mentioned to ABP Live, “In the last 24 hours, Bitcoin has been hovering around \(64,000, witnessing an increase in long liquidations. Despite several attempts, it has struggled to surpass the \)67,000 mark recently. The prevailing bearish sentiment has been influenced by various factors such as Israeli military actions, a cautionary stance from a global credit agency on China, and subdued corporate earnings in the Middle East. However, Bitcoin has managed to stay above the crucial level of \(60,000, with buyers intervening to support the lower levels. Currently, the support levels for Bitcoin are identified at \)62,800, while resistance is anticipated at $66,100.”

The CoinSwitch Markets Desk observed, “Bitcoin has continued its downward trend for the second consecutive day, briefly dropping below the \(64,000 threshold before rebounding above it. Following the recent halving, Bitcoin traded below \)64,000 for the first time post-halving. Despite this, analysts at Standard Chartered maintain a bullish outlook on the price action. They also predict potential delays in approving Ethereum ETFs.”

Rajagopal Menon, Vice President at WazirX, stated, “The recent decline in Bitcoin’s value breached the critical support level of \(65,000, initiating a corrective phase. Priced at \)64,223, it reflects a marginal 0.12% decline over the previous day. Escalating geopolitical tensions in the Middle East and the correlation of the S&P 500 with Bitcoin’s price movements have added complexity, mirroring broader market sentiments. Concerns persist regarding a deeper correction, with the next support level estimated at $61,000, exacerbated by the impact of high US interest rates on liquidity. Nevertheless, institutional investors remain optimistic, channeling investments into BTC through ETFs.”

Sathvik Vishwanath, CEO and Co-founder of Unocoin, highlighted, “With the rise in institutional investments, Bitcoin’s price nears \(70,000, signaling a potential market recovery. Grayscale’s GBTC holds approximately 300,000 bitcoins, while new spot bitcoin ETFs are emerging. The Bitcoin Improvement Proposal (BIP) process is undergoing enhancements with five new editors to expedite development and enhance community engagement. Hong Kong has introduced bitcoin and ether ETFs to compete with the US, utilizing in-kind buybacks for efficiency. Fidelity’s Bitcoin ETF has attracted a record investment of \)40 million, underscoring institutional confidence despite limited public participation. The technical analysis positions Bitcoin at \(66,980 with resistance at \)67,687 and support at \(63,654, indicating positive sentiment above \)65,825. However, a breach of this pivotal point could trigger a downtrend.”

Shivam Thakral, CEO of BuyUcoin, remarked, “Bitcoin is facing challenges in maintaining its upward trajectory amidst global tensions and crackdowns on crypto founders by the US Department of Justice. The recent sell-off pushed Bitcoin below \(64,000, indicating a potential further decline in the short term following the breach of the crucial \)65,000 support level. Ethereum, the second-largest cryptocurrency, has been unable to surpass its resistance at $34,000, a scenario that might change as the ETF approval process gains momentum.”

The CoinDCX Research Team shared with ABP Live, “Today, the crypto market witnessed a downturn due to renewed conflicts in the Middle East and concerns regarding China’s economic stability, impacting investor confidence. Additionally, a slowdown in ETF inflows contributed to the prevailing negative sentiment. Bitcoin briefly touched \(67,000 before retracting, currently hovering slightly above \)64,000 and below the 20 and 50 EMA D. Ethereum encountered resistance at the crucial $3200 level, struggling to surpass it amid the presence of the 20 and 50 EMA D. The overall market outlook appears mixed given the ongoing developments.”

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Disclaimer: Investing in crypto products and NFTs carries inherent risks as they remain unregulated. There may be limited regulatory recourse in case of losses from such transactions. Cryptocurrencies are not recognized as legal tender and are subject to market fluctuations. Readers are advised to seek expert guidance and carefully review relevant offer documents and associated literature before engaging in any form of investment. Predictions related to cryptocurrency markets are speculative, and any investments made are solely at the reader’s discretion and risk.