Crypto
Cryptocurrency Price Today: Bitcoin Remains Below $52,000 As Top Coins See Minor Dips
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, paused its rally early Thursday as it remained within the $51,000 range. Other top coins, including the likes of — Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw minor dips across the board. The JasmyCoin (JASMY) token emerged as the biggest gainer of the lot, with a 24-hour jump of over 41 percent. Lido DAO (LDO) became the biggest loser, with a 24-hour dip of over 9 percent.
The global crypto market cap stood at $1.95 trillion at the time of writing, registering a 24-hour dip of 1.43 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $51,587.95, registering a 24-hour dip of 0.82 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 45.28 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,934.47, marking a 24-hour dip of 2.39 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.58 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 2 percent, as per CoinMarketCap data, currently priced at $0.08392. As per WazirX, Dogecoin price in India stood at Rs 7.31.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 0.98 percent. At the time of writing, it was trading at $68.41. LTC price in India stood at Rs 6,034.57.
Ripple (XRP) Price Today
XRP price stood at $0.5432, seeing a 24-hour loss of 2.88 percent. As per WazirX, Ripple price stood at Rs 47.74.
Solana (SOL) Price Today
Solana price stood at $103.44 marking a 24-hour dip of 2.75 percent. As per WazirX, SOL price in India stood at Rs 9,066.01.
Top Crypto Gainers Today (February 22)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
JasmyCoin (JASMY)
Price: $0.01646
24-hour gain: 41.46 percent
SingularityNET (AGIX)
Price: $0.7038
24-hour gain: 27.06 percent
Siacoin (SC)
Price: $0.0175
24-hour gain: 16.50 percent
The Graph (GRT)
Price: $0.2716
24-hour gain: 10.83 percent
Render (RNDR)
Price: $6.96
24-hour gain: 7.63 percent
Top Crypto Losers Today (February 22)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Lido DAO (LDO)
Price: $3
24-hour loss: 9.45 percent
Ronin (RON)
Price: $3.06
24-hour loss: 9.34 percent
Stacks (STX)
Price: $2.60
24-hour loss: 8.81 percent
Polygon (MATIC)
Price: $0.9276
24-hour loss: 8.38 percent
Sei (SEI)
Price: $0.8295
24-hour loss: 8.08 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin remains above the $51,000 level despite profit booking activities among market participants. Despite bearish efforts to lower its value, Bitcoin stands resilient above the $50,000 threshold. Immediate resistance levels are identified at $51,800 and $52,400, with support established at the $51,200 level. Meanwhile, Ethereum has experienced a slight retracement and is presently traded at the $2,900 level. The pullback in both Bitcoin and Ethereum has not diminished the prevailing optimism in the market.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “BTC’s (-1.1%) recent price movement between $51k and $53K suggests an ongoing cool-off period, with a bullish big picture. Markets are expecting BTC to reach as high as $150K this year. In parallel, AI tokens including SingularityNet (AGIX, +26.46%), FetchAi (FET, +3.76%) and Render (RNDR, +8.36%) have surged after Nvidia beat analyst estimates around its 4th quarter earnings. The shares of the company also rose more than 7% in post-market trading yesterday.”
Rajagopal Menon, Vice President, WazirX, said, “Following the recent FOMC announcements, interest rates are expected to remain unchanged, suggesting satisfaction with the current rates. The statement emphasised effective inflation control policies, briefly impacting precious metals like gold and silver before their recovery. In contrast, Bitcoin experienced a 1.13% decline post-announcement, hinting at a potential pre-halving correction according to market indicators. Profit-taking contributed to selling pressure, temporarily lowering Bitcoin to approximately $51k. Investors are attentively observing these developments post-FOMC.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin climbed above $52,000 and regained $1 trillion in market cap thanks to Fidelity and BlackRock’s approval of Bitcoin ETFs. Analysts are eyeing a target of $150,000 by mid-2025, citing rate halving and potential rate cuts. Despite the optimism, caution against speculative risks prevails. Australian sentiment surged after US ETF approval, with 25% more positive and 19% considering ASX-listed bitcoin ETFs. ETFs saw record trades of $2 billion led by VanEck. MicroStrategy’s CEO advocates holding Bitcoin long-term, as their $10 billion investment yields $4 billion in profit. Technical data shows $52,515 as pivotal, with resistance at $53,943 and support at $50,783. RSI at 50 indicates neutrality, while MACD signals potential momentum shifts. The bullish outlook relies on holding $51,000.”
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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.
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OnePay by Walmart Allows Shoppers to Convert Cryptocurrency to Cash Immediate
Key Takeaway:
- OnePay, which is supported by Walmart, is working on the incorporation of Bitcoin and Ethereum trading and custody services into its mobile banking app.
- The new feature enables users to convert digital assets to U.S. dollars immediately and use them to make in-store purchases and pay using a credit card.
- The backend is being provided by fintech infrastructure provider ZeroHash, which is similar to institutional designs at Morgan Stanley and Interactive Brokers.
Walmart is enthusiastically increasing its financial technology presence by introducing digital asset utility to its huge retail ecosystem. The retail giant is transitioning out of the conventional banking business through its majority-owned fintech business, OnePay, to provide a gateway between cryptocurrency and consumer spending.
OnePay Closes the Cryptocurrency and Commerce Gap
The Walmart partner Ribbit Capital has created OnePay, which is a joint venture that is planned to launch cryptocurrency trading and custodial services by the close of 2025. This integration is a major change that the platform has already achieved having already become one of the top-five finance applications on the Apple App Store. OnePay is launching Bitcoin and Ethereum, as well as its existing range of high-yield savings, debit cards, and its buy now, pay later offerings, which puts the company in a position to become a one-stop, one-app shopping experience to the American customer.
The most striking feature of this rollout is that it has a smooth conversion mechanism. In opposition to the old-fashioned methods when it could require days to transfer money to a bank account, OnePay users will have the opportunity to convert their crypto assets into U.S. dollars in the app in almost real-time. Such money can be immediately redeemed in Walmart checkouts or charged to balances in OnePay credit cards. This service is a good way of eliminating the technical obstacles that have traditionally divided the digital resources and the weekly grocery shopping.
Read More: Amazon and Walmart’s Stablecoin Ambitions Could Disrupt Crypto Payments Landscape
Technical Infrastructure and Partnerships
In order to support such services, OnePay is collaborating with ZeroHash, a Chicago-based infrastructure company focused on the settlement of digital assets. ZeroHash recently announced the close of a $104 million financing round with Interactive Brokers highlighting its expanding position as the plumbing of mainstream crypto adoption. Through an existing third party supplier, OnePay does not encounter the regulatory and technical challenges of developing a custom trading engine.
The presented infrastructure option will guarantee that OnePay will be able to accommodate large-volume transactions and still be compliant with the financial rules of the U.S. ZeroHash offers the APIs needed to bridge the blockchain networks to the standard banking rails that Walmart operates in the traditional banking infrastructure. This arrangement is similar to the approach taken by large brokerage firms such as the E-Trade of Morgan Stanley which is also gearing up to provide direct exposure to crypto to its clients.
Cryptomic Utility Scaling 150M Weekly Shoppers
The move by Walmart into the crypto-to-cash world is noteworthy due to the huge number of its users. The retailer has a customer base of about 150 million customers each week in the United States alone. Whereas crypto-native products, such as Coinbase and Kraken, are aimed at investors, OnePay targets a market segment, which, perhaps, does not care about professional trading features as much as they care about the practical utility of their assets.
The program arrives when the institutional interest in the digital asset sector grows. Bitcoin has just exceeded the figure of 120,000 and market capitalization of the stablecoins has increased to an all-time high of 300 billion. These milestones have generated a new demand for retail friendly crypto products which are not simply speculative, but are efficient in terms of payments.
Read More: Coinbase Bets Big on Prediction Markets, Acquiring The Clearing Company to Scale Onchain Event Trading
Influence on the Retail Fintech Scene
The shift places OnePay in the full-fledged competition with leading fintech companies such as PayPal, Venmo, and Cash App offered by Block. These solutions have been providing different types of crypto support over the years, but the fact that Walmart is thoroughly integrated with traditional retail is what provides OnePay an edge over the competition. As a user, the fact that one can manage a paycheck, get rewards, and use Bitcoin in the same ecosystem to purchase their household items is an impressive value proposition.
According to industry observers, it is one of several trends that are moving toward financialization of retailing. By providing a digital wallet that can be used with both fiat and crypto, Walmart is effectively proving to take over a larger portion of the financial life-cycle of the consumer. This decreases the dependence on the conventional banks and credit card networks, which may minimize transaction costs to the retailer and provide greater freedom to the customer.
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