Cryptocurrency price on September 5 quick take: The global market cap dipped to $2 trillion.

Bitcoin Surges Past $57K as Altcoins Follow, Crypto Market Gains Momentum

Bitcoin (BTC), the world’s pioneering and most valuable cryptocurrency, managed to break through the $57,000 threshold early Thursday, reigniting investor optimism. As BTC rallied, other altcoins like Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) saw green across the board. According to CoinMarketCap, the overall Market Fear & Greed Index held steady at 34, indicating a state of “Fear.” Among the top performers, Injective (INJ) shined, posting an impressive 11% gain in 24 hours, while Toncoin (TON) took the biggest hit, dropping over 4%.

At the time of writing, the global crypto market capitalization stood strong at $2 trillion, marking a 1.30% increase over the past 24 hours.

Bitcoin Price Today: Steady Gains Amid Volatility

Bitcoin climbed to $57,086.18, securing a 1.40% 24-hour rise, according to CoinMarketCap data. On Indian exchanges, BTC traded at Rs 48.43 lakh, reflecting growing interest in the region despite market fluctuations.

Ethereum Price Today: A Strong Recovery

ETH followed closely behind Bitcoin, standing at $2,404.65, boasting a 1.49% rise in the last 24 hours. For Indian traders, Ethereum was priced at Rs 2.06 lakh, continuing its upward momentum.

Dogecoin Price Today: Dogecoin Bounces Back

Dogecoin, the meme-coin favorite, experienced a 24-hour gain of 2.17%, trading at $0.09688. DOGE’s value in India was Rs 7.98, as the coin continues to ride the waves of community-driven enthusiasm.

Litecoin Price Today: Modest Gains for LTC

Litecoin, known for its speed and low transaction costs, saw a modest 0.71% increase in value. At the time of writing, it was trading at $65.23 globally and Rs 5,325.75 in India.

Ripple Price Today: Steady Growth for XRP

XRP, a token that’s been caught in legal crosshairs but remains popular, marked a 0.44% gain, with its price standing at $0.5537. In India, Ripple was priced at Rs 50.18.

Solana Price Today: Leading the Pack

Solana, hailed for its high-speed blockchain, surged 3.75% in the past 24 hours, trading at $132.34 globally and Rs 11,376.60 in India, outperforming most other altcoins.

Top Crypto Gainers (September 5)

Per CoinMarketCap data, these were the top five crypto gainers in the last 24 hours:

• Injective (INJ): $17.18 | 10.94% increase
• Helium (HNT): $7.88 | 9.68% increase
• Aave (AAVE): $133.60 | 8.40% increase
• Conflux (CFX): $0.1329 | 8.03% increase
• Starknet (STRK): $0.3942 | 6.70% increase

Top Crypto Losers (September 5)

Not every coin had a stellar day. These were the biggest losers over the past 24 hours:

• Toncoin (TON): $4.58 | 4.26% drop
• Celestia (TIA): $4.08 | 3.04% drop
• Notcoin (NOT): $0.007406 | 2.95% drop
• Aptos (APT): $5.95 | 2.56% drop
• Mantra (OM): $0.9224 | 2.56% drop

Market Sentiments and Projections: What Experts Are Saying

Edul Patel, co-founder and CEO of Mudrex, shared his insights on Bitcoin’s price action, explaining that BTC has been oscillating between $55,000 and $65,000 for the past month. Although down 22% from its peak of $73,800, Bitcoin remains 124% higher than its value a year ago. Patel noted that BTC needs to clear the $58,800 resistance level to gain bullish momentum, while $55,200 serves as the critical support level where buyers might step in.

The CoinSwitch Markets Desk echoed similar sentiments, highlighting that Bitcoin is struggling to hold just above $57,000. With eyes on the U.S. Non-farm payrolls data, traders are bracing for a potential sharp move that could dictate the next market direction.

Sathvik Vishwanath, CEO and co-founder of Unocoin, warned that Bitcoin faced rejection after testing the 50% retracement level at $59,560, falling 2.78% on Tuesday and another 1.5% on Wednesday. He pointed out that BTC now hovers around key support at $56,022. Should it close below this, a drop to $54,000 could be imminent. Conversely, a break above $59,560 could invalidate the bearish outlook, pushing Bitcoin toward $65,379 resistance.

Shivam Thakral, CEO of BuyUcoin, was more optimistic, pointing to the broader market recovery that saw Bitcoin up by 1%, Ethereum gaining 1.8%, and Dogecoin rising by 0.9%, signaling a possible turnaround following recent declines caused by weak macroeconomic data.

Lastly, the CoinDCX Research Team provided a cautiously bullish outlook, explaining that a lower-than-expected U.S. job openings report sparked the recent uptick. Although BTC remains choppy in the short term, it looks stronger on the longer time frames. However, tomorrow’s U.S. unemployment rate announcement could inject more volatility into an already turbulent market.

Introducing : Multiplatform Crypto Gaming

Recent research highlights a significant shift in the gaming industry towards digital currencies, with platforms like OLE777 leading the charge in this transformation. OLE777 stands out as a trailblazer in the realm of Multiplatform Crypto Gaming, a pioneering concept that redefines how gamers interact with cryptocurrency. As the first in Southeast Asia to fully embrace this innovative model, OLE777 offers a comprehensive suite of services that allows users to purchase, store, and withdraw crypto coins seamlessly. This integration not only enhances the gaming experience but also provides a secure and efficient environment for managing digital assets.

What sets OLE777 apart is its unique approach to blending cryptocurrency with gaming. By establishing itself as a Multiplatform Crypto Gaming platform, OLE777 ensures that users can engage in transactions using their crypto coins within a dynamic and immersive gaming space. This model caters to the growing demand for cryptocurrency in the gaming sector, providing a robust platform where players can enjoy a range of games while managing their digital assets with ease. OLE777’s commitment to this model highlights its dedication to meeting the evolving needs of gamers and cryptocurrency enthusiasts alike.

As the market for crypto gaming continues to expand, OLE777’s position as a leader in Multiplatform Crypto Gaming becomes increasingly evident. The platform’s ability to offer a seamless integration of crypto transactions with an engaging gaming experience not only sets it apart from competitors but also positions it at the forefront of this burgeoning industry. With its focus on providing a secure, user-friendly environment for both gaming and cryptocurrency management, OLE777 is poised to continue its growth and influence in the global gaming market.