Bitcoin (BTC), the most ancient and highly valued digital currency globally, surged past the $66,000 threshold during the weekend post the much-anticipated Bitcoin Halving event. Various popular alternative cryptocurrencies such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) also experienced gains, with the overall Market Fear & Greed Index standing at 62 (Greed) out of 100, according to data from CoinMarketCap. Notably, the CORE token emerged as the top performer with a remarkable 13 percent surge in a 24-hour period, while Nervos Network (CKB) faced a decline of over 5 percent during the same timeframe.

At the time of this composition, the total market capitalization of the global cryptocurrency market reached $2.43 trillion, reflecting a 1.64 percent increase within 24 hours.

Current Bitcoin (BTC) Price

The price of Bitcoin was recorded at $66,328.40, indicating a 2.01 percent surge in the past 24 hours as reported by CoinMarketCap. On the Indian exchange WazirX, the price of BTC was noted at Rs 59.10 lakh.

Present Ethereum (ETH) Price

Ethereum’s price stood at $3,228.42, showing a 1.55 percent increase in the last 24 hours. In India, the price of Ethereum on WazirX was Rs 2.87 lakh.

Dogecoin (DOGE) Price Update

DOGE experienced a slight decline of 0.64 percent, with a current price of $0.1625 according to CoinMarketCap. In India, Dogecoin was priced at Rs 14.36 on WazirX.

Litecoin (LTC) Price Movement

Litecoin exhibited a minimal gain of 0.24 percent, trading at $85.69 at the time of reporting. The price of LTC in India was Rs 7,669.17.

Ripple (XRP) Price Update

The price of XRP was $0.5361, marking a 1.39 percent increase in the past 24 hours. In India, Ripple was priced at Rs 47.81 on WazirX.

Current Solana (SOL) Price

Solana was valued at $153.25, with a 1.85 percent surge in the last 24 hours. In India, the price of SOL on WazirX was Rs 13,699.

Top Performing Cryptocurrencies Today (April 22)

Based on CoinMarketCap data, the top five cryptocurrencies that experienced significant gains in the last 24 hours are as follows:

Core (CORE)

Price: $2.44 24-hour gain: 13.20 percent

AIOZ Network (AIOZ)

Price: $0.7696

24-hour gain: 12.22 percent

Pepe (PEPE)

Price: $0.00000649

24-hour gain: 8.84 percent

Neo (NEO)

Price: $19.99

24-hour gain: 8.36 percent

NEAR Protocol (NEAR)

Price: $6.84

24-hour gain: 7.80 percent

Top Declining Cryptocurrencies Today (April 22)

According to CoinMarketCap data, the top five cryptocurrencies that saw a decline in value over the past 24 hours include:

Nervos Network (CKB)

Price: $0.02056 24-hour gain: 5.76 percent

dogwifhat (WIF)

Price: $3.01

24-hour gain: 3.08 percent

Pendle (PENDLE)

Price: $5.98

24-hour gain: 2.44 percent

Maker (MKR)

Price: $3,036.15

24-hour gain: 2.30 percent

Monero (XMR)

Price: $119.39

24-hour gain: 1.74 percent

Insights from Crypto Exchanges on Current Market Trends

Edul Patel, the co-founder and CEO of Mudrex, mentioned to ABP Live, “Bitcoin’s surge above \(64,000 post the fourth halving event signifies its resilience despite temporary retracements. This upswing indicates strong buying interest at lower levels. With an impressive 137% surge in the past year, the current market sentiment appears neutral, hinting at potential sideways movement between \)62,000 and $66,000 in the short term. Ethereum’s performance closely mirrors that of Bitcoin, with data from Glassnode showing an uptick in Ether supply among addresses holding 1,000 to 10,000 ETH in the last two weeks.”

Parth Chaturvedi, the Investments Lead at CoinSwitch Ventures, stated, “With the overall crypto market cap hovering just below \(2.5 trillion, there has been a minor correction in the market in the last 24 hours. BTC’s (-0.8%) MVRV (Market Value Realized Value) ratio seems to have dropped below its 90-day average, indicating a potential buying opportunity for crypto investors. Notably, BTC whales accumulated approximately \)1.2 billion worth of BTC on Friday. The halving event and the introduction of the Runes token standard contributed to a rise in transaction costs. The anticipation surrounding BTC’s halving led to a ~47% surge in its price since the beginning of the year. Historical data and price trends suggest that Bitcoin might witness gains in Q2 this year. Additionally, altcoin rallies typically follow shortly after the halving event, while Bitcoin tends to remain stable before showing positive price movements.”

Rajagopal Menon, the Vice President at WazirX, remarked, “Bitcoin is currently priced at \(65,052, reflecting a 0.62% decrease in the last 24 hours subsequent to a 1.50% gain on Sunday. It could encounter resistance at \)66,000 if the current trajectory persists. Shiba Inu is approaching its 50-day EMA, a critical juncture between bullish and bearish sentiments. A successful breach of the \(0.00003 price level could propel SHIB further upwards. However, to sustain these levels and prevent a fallback to the previous \)0.000022 range, it must maintain its momentum. Solana is also positioned around the \(150 range, requiring a strong support base to progress higher. If it sustains its momentum, it might face resistance around the \)166 range.”

Sathvik Vishwanath, the CEO and co-founder of Unocoin, highlighted, “Bitcoin’s surge to \(65,225 indicates growing investor confidence, bolstered by prominent investments such as Michael Saylor’s, which significantly boosted his net worth to nearly \)4 billion. Grayscale’s Bitcoin Mini Trust, featuring a 0.15% fee, aims to democratize access to crypto investments. However, the proposed IRS Form 1099-DA, mandating transaction reporting, raises privacy concerns. Technical analysis suggests resistance at \(66,910, with support at \)63,045. The Relative Strength Index (RSI) at 56 indicates moderate buying activity, but caution is advised if the 50-day EMA of $64,682 is breached. Amidst regulatory scrutiny, market volatility, and optimistic outlook, the evolving landscape of digital assets is underscored.”

Shivam Thakral, the CEO of BuyUcoin, expressed, “Bitcoin has maintained levels above \(65,000 post the halving event over the weekend. The upcoming week could witness significant volatility, potentially favoring the bulls as Hong Kong ETFs prepare for launch and the economic calendar remains inconsequential. A breakout above \)75,000 would confirm the establishment of a bottom around $60,000.”

The CoinDCX Research Team informed ABP Live, “During the weekend, the cryptocurrency market exhibited reduced volatility, with both BTC and ETH concluding on a positive note post the BTC halving. Technically, BTC is holding above the 50 EMA D support level but remains within a broader sideways trend. To sustain its upward momentum, it must surpass and maintain recent all-time highs, with critical resistance levels at \(71400 and \)72850. The decline in BTC dominance observed in recent days bodes well for altcoins. ETH is currently below the 50 EMA D and the \(3200 S/R flip. Key resistance for ETH is positioned at \)3,656.”

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Disclaimer: Investing in crypto products and NFTs carries inherent risks as they are unregulated. There may be limited regulatory recourse in case of losses from such transactions. Cryptocurrency is not recognized as legal tender and is subject to market volatility. It is advised that readers seek expert guidance and thoroughly review offer documents and relevant literature before making any investment decisions. Predictions regarding the cryptocurrency market are speculative, and any investments made are solely at the reader’s discretion and risk.