Bitcoin (BTC), the world’s oldest and most-valued cryptocurrency, briefly dipped below the $20,000 mark late on Thursday, but managed to float above early Friday morning. Ethereum (ETH), which saw a bull run earlier upon the announcement of its Merge date, is now slowing down, as its price appears to be dwelling around the $1,600 mark for now. Most other popular altcoins, including the likes of Dogecoin (DOGE), Solana (SOL), and Ripple (XRP), saw minor gains across the board. Among lesser-known altcoins, the TerraClassicUSD (USTC) token gained nearly 15 percent over the last 24 hours, emerging as the biggest gainer of the day.
At the time of writing, the global crypto market cap stood at $988.57 billion, marking a 1.27 percent gain in the last 24 hours, as per CoinMarketCap data.
Bitcoin (BTC) price today
As per CoinMarketCap, Bitcoin saw a 24-hour gain of 0.88 percent, priced at $20,247.13. As per Indian exchange WazirX, BTC price stood at Rs 16.87 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,602.48, marking a 24-hour gain of 3.52 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.34 lakhs.
Dogecoin (DOGE) price today
DOGE registered a minor 24-hour gain of 2.74 percent as per CoinMarketCap data, currently priced at $0.06259. As per WazirX, Dogecoin price in India stood at Rs 5.15.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 5.74 percent. At the time of writing, it was priced at $57.74. LTC price in India stood at Rs 4,550.
Ripple (XRP) price today
XRP price stood at $0.3321, seeing a 24-hour gain of 2.18 percent. As per WazirX, Ripple price stood at Rs 27.30.
Solana (SOL) price today
Solana price stood at $31.83, marking a 24-hour gain of 1.78 percent. As per WazirX, SOL price in India stood at Rs 2,787.
Top crypto gainers today (September 2)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 14.17 percent
24-hour gain: 12.01 percent
24-hour gain: 7.24 percent
24-hour gain: 5.89 percent
Lido DAO (LDO)
24-hour gain: 5.69 percent
Top crypto losers today (September 2)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
UNUS SED LEO (LEO)
24-hour loss: 6.76 percent
24-hour loss: 5.28 percent
24-hour loss: 3.23 percent
24-hour loss: 2.85 percent
24-hour loss: 1.10 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin dropped below the $20,000 level on Thursday for the sixth consecutive day. Despite the fall, BTC has not gone below the$19,000 level, so we might see its price trade sideways for the next few days. This downward trend might be due to concerns over the FOMC minutes and macroeconomic uncertainty. In contrast, Ethereum has been outperforming BTC for quite some time now due to its recent network activity and the upcoming Merge. ETH may likely break out of the $2,000 level before the Merge.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “On Thursday, the crypto market saw mostly bearing and barely stable reactions. Well-known coins like Bitcoin fell by 1.5 percent and Ether fell by 2 percent. The small gain seen during Wednesday’s session got neutralised due to this. Turnaround before early next week would be challenging. The categories of privacy coins and NFT-based tokens got hit the most which had to shed as much as 3 percent during the session.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, “September started on a mixed note for cryptocurrency investors as Bitcoin, which has the largest market share, once again dropped below the $20,000 threshold. Ethereum, which is headed to launch the much-awaited Merge next week, managed to hold its position and is inching closer to $1,600. However, the top gainer for the day was Terra Classic (LUNC). The token has seen a skyrocketing increase of 107 percent in the last seven days and 21 percent in the past 24 hours alone.”
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.