Cryptocurrency price on April 23: Bitcoin Rises Above $93,000
Due to a significant increase in institutional buying, Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, broke through the $93,000 barrier early on Wednesday. As the general Market Fear & Greed Index was 52 (Neutral) out of 100, according to CoinMarketCap data, other well-known altcoins, like as Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC), were in the green. With a 24-hour spike of almost 125 percent, the DeepBook Protocol (DEEP) token emerged as the biggest gainer. With a 24-hour loss of more than 4 percent, Tether Gold (XAUt) emerged as the largest loser.
At the time of writing, the total value of the worldwide cryptocurrency market was $2.93 trillion, representing a 6.41 percent 24-hour increase.
Cryptocurrency price on April 23
Bitcoin (BTC) Price Today
According to CoinMarketCap, the price of bitcoin was $93,529.67, representing a 5.89 percent 24-hour increase. Indian markets reported that the price of bitcoin was Rs 73.34 lakh.
Ethereum (ETH) Price Today
At the time of writing, the price of ETH was $1,799.92, representing a 13.80% 24-hour gain. In India, the price of Ethereum was Rs 1.38 lakh.
The current price of Dogecoin (DOGE)
According to CoinMarketCap data, DOGE saw a 13.13 percent 24-hour rise, and it is presently trading at $0.1825. In India, the price of Dogecoin was Rs 13.24.
The current price of Litecoin (LTC)
The 24-hour gain for Litecoin was 7.26 percent. It was trading at $84.32 at the time of publication. In India, the price of LTC was Rs 6,727.30.
Ripple (XRP) Price Today
The price of XRP was $2.22, up 6.89 percent in a day. In India, the price of ripple was Rs 179.83.
Solana (SOL) Price Today
At $151.09, Solana’s price represented an 8.50 percent 24-hour increase. In India, the price of SOL was Rs 11,898.04.
Top Crypto Gainers Today (April 23)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
DeepBook Protocol (DEEP)
Price: $0.2068
24-hour gain: 124.11 percent
Immutable (IMX)
Price: $0.6533
24-hour gain: 39.46 percent
Sui (SUI)
Price: $2.92
24-hour gain: 30.89 percent
Bonk (BONK)
Price: $0.00001596
24-hour gain: 27.38 percent
Walrus (WAL)
Price: $0.5117
24-hour gain: 24.68 percent
Top Crypto Losers Today (April 23)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Tether Gold (XAUt)
Price: $3,372.50
24-hour loss: 4.08 percent
PAX Gold (PAXG)
Price: $3,369.40
24-hour loss: 3.96 percent
UNUS SED LEO (LEO)
Price: $9.07
24-hour loss: 1.28 percent
JasmyCoin (JASMY)
Price: $0.01422
24-hour loss: 4.37 percent
Ethereum Classic (ETC)
Price: $15.48
24-hour loss: 4.34 percent
Crypto Exchanges’ Reactions to the Present Market Situation
“The cryptocurrency market saw a strong breakout, with Bitcoin trading at $93,000 and major altcoins like Ethereum, Solana, and XRP gaining up to 13% in a day,” Alankar Saxena, CTO and co-founder of Mudrex, told ABP Live. Increased institutional buying has been a major factor in this rise; net inflows into Bitcoin spot ETFs have reached a multi-month high of over $700 million, with inflows totaling over $1 billion this week alone.
Furthermore, the Fear and Greed Index is currently at “Neutral,” suggesting that individual investors are returning to the market. The drop in exchange inflows, which indicates less selling pressure and contributes to momentum, is another optimistic indicator. A climb towards $100k is anticipated if bulls maintain control, with $88,000 serving as the support.
“Bitcoin jumped past $93,000, indicating a nearly 7% increase and reaching its highest level since early March,” according to CoinSwitch Markets Desk. In the last day, Ethereum saw a notable increase of around 13%. Other well-known cryptocurrencies, such as XRP and Solana (SOL), performed inconsistently, but Bitcoin dominated the cryptocurrency rise. Given that volatility indicators paralleled those from late 2024, XRP showed patterns suggesting a possible large price change. Due to rekindled investor interest, Solana led gains among major altcoins with a 6% increase.
The cryptocurrency market is seeing a strong upswing, with Bitcoin hitting a six-week high of almost $94,000, according to Avinash Shekhar, co-founder and CEO of Pi42. This is fueled by several optimistic factors, including growing institutional demand, technical indicators like the golden cross, and growing expectations for changes in Federal Reserve policy. A bullish attitude is supported by market expectations that Bitcoin will probably reach new all-time highs due to concerns over Fed independence.
According to Unocoin CEO and co-founder Sathvik Vishwanath, “Bitcoin broke through $93K today, indicating strong bullish momentum with a 5.6% daily gain.” Institutional inflows and economic optimism have supported the resurgence of buying demand following the breakout from the $88K resistance. But at 78, the RSI is very close to overbought, suggesting a potential brief cooling off. Whales have deliberately opened big short positions with 6x leverage around $92.5K, indicating that a drop is anticipated. Bitcoin might next aim for $95K if it maintains above $91K. A decline below $90.5K might put $88K to the test once more. Because U.S. trading hours may bring volatility and significant changes in either way, market players should exercise caution.
According to BuyUcoin CEO Shivam Thakral, “Bitcoin appears to be getting ready for its next rally as it breaks above the $90,000 mark.” Bitcoin and other digital assets are now positioned as a profitable way to shield money from international uncertainty due to the volatile US markets and rising gold prices. Interest in decentralized assets is being fueled by macroeconomic uncertainty, which is unaffected by government intervention. Strong institutional inflows are currently taking place, which will maintain the upward trend in Bitcoin prices over the next few weeks.
“Bitcoin jumped with flying colors after gaining over 8% and bragged in above $93,000 before the day’s close,” the CoinDCX Research Team wrote. The bears’ continued passivity in the meantime raises the possibility that there may be more space for the bulls to flourish. Furthermore, memecoin soared by a staggering margin of more than 20% to 25%, while altcoins also closely followed the initial token and saw enormous profits. In the last day, the trading volume rose by more than 45%, and the worldwide market capitalization jumped by more than $2.9 trillion. With a surge of almost 125%, DeepBook Protocol (DEEP) is one of the top gainers. Immutable (IMX), Bonk (BONK), Sui (SUI), and Walrus (WAL) are next in line.
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