Cryptocurrency Price on April 24: Bitcoin holds above $66.5k; Solana, Toncoin surge up to 4%

Bitcoin was up 0.3% at $66,682 as of 11:32 a.m., while Ethereum was above the $3,253 level.

Analysts at CoinSwitch Markets Desk stated, "The market is holding a steady balance between bulls and bears. Bitcoin’s 200-day average price, one of the most tracked indicators, is reaching its highest levels in more than 2 years. This might signal the start of the most bullish phase of the current cycle."

Meanwhile, CoinDCX Research Team noted, "In the last 24 hours, the market continued its upward trajectory, propelled by positive earnings in the US stock market. Additionally, ETH experienced a notable surge following the SEC's decision to delay an ETF, considered a bullish sign."

In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, rose to $1.311 trillion. Bitcoin's dominance is currently 53.27%, according to CoinMarketCap. BTC volume in the last 24 hours fell 3.2% to $24.26 billion.

Edul Patel, CEO of Mudrex, commented, "Bitcoin persisted in trading above the $66,000 mark. The $62,000 remains a strong support level, indicating strong buying sentiment. A sustained breach beyond $67,000 may pave the way for a test of the $68,500 resistance, while support holds at $64,300. On the other hand, Ethereum is trading at $3,200, gathering momentum to surpass $3,650, eyeing the next hurdle at $3,302."

Regarding Altcoins, Solana remained one of the top gainers, rising 1.5% to $157 in the last 24 hours.

"Solana (SOL) has surged past its $150 resistance, signaling a potential rally ahead. With sustained trading volumes, the next hurdle is seen at $161. SOL's smooth recovery suggests strong support, and breaking above $161 could lead to significant gains," said Rajagopal Menon, Vice President, WazirX

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Source: Forex-Markets-Economic Times