Bitcoin crosses $71,000, NEO becomes top gainer

Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, managed to climb above the $71,000 mark early on Tuesday, moving closer to its all-time high of $73,000. Other popular altcoins – including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) – turned in the green across the board as the overall Market Fear and Greed Index stood . At 79 out of 100 (greed), according to CoinMarketCap data. NEO token emerged as the biggest gainer with a surge of over 36 percent in 24 hours. Bitcoin Cash (BCH) became the biggest faller with a decline of almost 2 percent in 24 hours.

The global crypto market cap stood at $2.68 trillion at the time of writing, registering a 24-hour jump of 3.53 percent.

Bitcoin (BTC) price today

According to CoinMarketCap, the price of Bitcoin stood at $71,278.73, up 2.74 percent in 24 hours. According to Indian exchange WazirX, the price of BTC was Rs 61.34 lakh.

Ethereum (ETH) price today

ETH was priced at $3,698.13 at the time of writing, representing a gain of 8.07 percent in 24 hours. According to WazirX, Ethereum price in India stood at Rs 3.19 lakh.

Dogecoin (DOGE) price today

According to CoinMarketCap data, DOGE recorded a 24-hour jump of 0.47 percent, currently priced at $0.1994. According to WazirX, Dogecoin price in India was Rs 17.40.

Litecoin (LTC) price today

Litecoin saw a gain of 0.50 percent in 24 hours. At the time of writing, it was trading at $102.15. The price of LTC in India was Rs 8,800.

Ripple (XRP) price today

The price of XRP was at $0.6157, which saw a jump of 4 percent in 24 hours. According to WazirX, Ripple was priced at Rs 53.40.

Solana (SOL) price today

The price of Solana stood at $177.46, which shows a gain of 0.65 percent in 24 hours. According to WazirX, SOL price in India was Rs 15,947.85.

Top Crypto Gainers Today (April 9)

Here are the top five crypto gainers in the last 24 hours, according to CoinMarketCap data:

NEO

price: $20.63
24 Hour Profit: 36.46 percent

Toncoin (TON)

price: $6.82
24 Hour Profit: 26.20 percent

Neural Network (CKB)

price: $0.03121
24 Hour Profit: 15.84 percent

Athena (ENA)

price: $1.33
24 Hour Profit: 13.89 percent

dogwifhat (WIF)

price: $4.08
24 Hour Profit: 11.50 percent

Top crypto losers today (April 9)

Here are the top five crypto losers in the last 24 hours, according to CoinMarketCap data:

Bitcoin Cash (BCH)

price: $677.01
24 hour loss: 1.82 percent

Wormhole (W)

price: $0.9564
24 hour loss: 1.65 percent

Mental (MNT)

price: $1.42
24 hour loss: 1.54 percent

core (core)

price: $2.60
24 hour loss: 1.06 percent

ordi

price: $73.39
24 hour loss: 0.73 percent

What are crypto exchanges saying about the current market scenario?

“In the last 24 hours, Bitcoin has climbed above $71,000, indicating bullish sentiment ahead of the halving event,” Mudrex co-founder and CEO Edul Patel told ABP Live. This upward momentum signals a possible retracement to the record high of $73,777, followed by resistance at $84,000. Over the past year, Bitcoin has increased by an impressive 154%. In contrast, Ethereum has outpaced Bitcoin's gains with an 8% increase in a day, driven by increased on-chain activity, and a staggering 99% increase over the past year, with the next Resistance is estimated at $3,900.

CoinSwitch Markets Desk notes, “Bitcoin continues its uptrend with just 10 days remaining until the much-hyped Bitcoin halving anticipated on 4/20/2024. If we look at recent history, just before the Bitcoin ETF, we saw a similar price action, where despite the price breaking recent highs, it became a sell-off news event as soon as the ETF was announced. Traders should be cautious about both bullish and bearish positions, as there is a good chance that there will be some profit-taking at the time of the halving.

Rajagopal Menon, Vice President of WazirX, said, “Bitcoin is in an uptrend and its next resistance level is estimated to be $72k. The 100-hour simple moving average shows a strong bullish trend. Immediate resistance is seen near $72,000, followed by key hurdles at $72,500 and $72,800. A decisive break above the $72,800 resistance level could initiate a fresh rise in price. Now that dollar liquidity has also reduced, the support may not drop below $71k, potentially leading to a new ATH. Analysts are also cautioning against a potential 'news selling' phenomenon, as market participants reacted ahead of the pre-halving.

Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin reached an all-time high of $72,650 for the first time in a month. The largest cryptocurrency is moving towards $73,000 with a dominance of 52.36%. Ethereum and other altcoins, especially memecoins, enjoyed a steady surge in the market. The next important level to break will be around the previous all-time high of $74,000, with a new all-time high close to the halving.”

“Over the past day, the crypto market remained bullish, with both ETH and BTC gaining more than 5%, and ETH outperforming BTC,” the CoinDCX research team told ABP Live. Technically, BTC has surpassed the $72,000 mark and is now consolidating near the $71,300 resistance. BTC needs to clear its all-time high for further upside, with price action and indicators suggesting a bullish outlook. Meanwhile, ETH has shown a strong performance, surpassing the key level of $3,655 and currently trading slightly above it. Continuation from here could take ETH above the key resistance levels at $3,960 and $4,070. Additionally, the ETH/BTC pair saw a rise, leading altcoins to rise by 5-10%.”

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