Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, managed to remain stable within the $67,000 range early Friday morning for the third consecutive day this week. Other popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) have seen overall ups and downs due to market-wide fear and decline. It was mixed. According to data from CoinMarketCap, the Greed Index scored 56 out of 100 (neutral). The SAFE token rose nearly 35 percent in 24 hours, becoming the biggest gainer. Popcat (SOL) was the top loser, losing nearly 9% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization was $2.32 trillion, a decline of 0.12% in 24 hours.
Bitcoin (BTC) price today
According to CoinMarketCap, Bitcoin price was $67,627.30, up 0.44 percent in 24 hours. According to Indian exchanges, the BTC price stood at Rs 58.06 million.
Ethereum (ETH) price today
ETH price was $2,494.57, down 2.33% in 24 hours at the time of writing. Ethereum price in India was 230,000 rupees.
Dogecoin (DOGE) price today
According to data from CoinMarketCap, DOGE registered an increase of 0.10% in 24 hours and is currently priced at $0.1396. Dogecoin price in India was Rs 12.45.
Litecoin (LTC) price today
Litecoin rose 1.77% in 24 hours. At the time of writing, it was trading at $71.34. The LTC price in India was Rs 6,223.45.
Ripple (XRP) price today
XRP price was $0.5237, down 1.30% in 24 hours. Ripple price in India was 46.04 rupees.
Solana (SOL) price today
Solana price was $173.83, up 0.25% in 24 hours. SOL price in India was Rs 14,312.59.
Top crypto earners today (October 25th)
According to data from CoinMarketCap, the top 5 cryptocurrencies that gained in the past 24 hours are:
SAFE
Price: $1.65
24 hour increase: 34.37 percent
Raydium (RAY)
Price: $3.01
24 hour increase: 7.70%
Cats in the Dog World (MEW)
Price: $0.01129
24 hour increase: 6.79%
BEAM
Price: $0.01921
24 hour increase: 3.48%
chain link (link)
Price: $11.73
24 hour increase: 2.79%
Top Cryptocurrency Losers Today (October 25th)
According to CoinMarketCap data, the top 5 crypto losers in the past 24 hours are:
Pop Cat (SOL) (Pop Cat)
Price: $1.49
24 hour loss: 8.84 percent
Airfield Finance (AERO)
Price: $1.09
24 hour loss: 8.06 percent
Mantra (OM)
Price: $1.29
24 hour loss: 7.98 percent
Mogcoin (MOG)
Price: $0.000001855
24 hour loss: 7.66 percent
Sei (SEI)
Price: $0.4014
24 hour loss: 7.42 percent
What crypto exchanges are saying about the current market scenario
Edul Patel, co-founder and CEO of Mudrex, told ABP Live: “Bitcoin is on a recovery trend, peaking near $68,700 and now trading at $67,900. It’s traded in dollars,” he said. The crypto community remains optimistic that BTC will reach the $70,000 level with this rally, as the current pattern mirrors that seen during the 2021 rally. Notably, the number of Bitcoin whales is at an all-time high, just as it was before the 2021 rally. This, combined with increased new investor activity ahead of the US election, suggests a potential breakout. BTC is currently facing resistance at $68,800 and support has risen to $67,500. ”
“Bitcoin roared back to key trendline support around USD 68,000 after falling to USD 65,000 the previous day,” CoinSwitch Market Desk said. BTC’s weekly close scheduled for Sunday will be This could be an important closing price. Inflows over the past five days are the highest ever, and the total holdings of all exchange-traded funds could soon exceed 1 million Bitcoins. ”
Avinash Shekhar, co-founder and CEO of Pi42, said: “Bitcoin’s recent price movements, indicative of market volatility, include a seven-month consolidation and a slight increase from the weekend rally. This includes a significant decline.” Bitcoin is currently trading at around $67,935. Bitcoin has lost 56% of its year-to-date gains to 52% as broader market instability distracts investors, especially given the upcoming US presidential election. . Historical trends indicate that Bitcoin is likely to enter a positive cycle in the fourth quarter and reach new highs by December. On the other hand, there is bearish sentiment on Ethereum, with a decline in the ETH/BTC ratio indicating a change in investor interest. The direction of Bitcoin and the crypto market will be established in the coming weeks as the market calms down. However, the market is very volatile and investors need to be cautious. Today, Friday, the global market capitalization reached $2.32 trillion, an increase of 0.35% from the previous day. ”
Satvik Vishwanath, co-founder and CEO of Unocoin, said: “Bitcoin price has fallen below a key support level and is trading near $66,540 amid increasing selling pressure. “There is,” he said. A break below the $67,000 pivot would indicate increased downside risk, with the next support at $65,970. Investors are wary of regulatory developments and economic factors impacting the market. SEC Chairman Gary Gensler commemorated Bitcoin’s 16th anniversary and reaffirmed the SEC’s commitment to tightening cryptocurrency regulation by 2025. Despite the criticism, Gensler emphasized protections for investors. Meanwhile, Tesla’s recent transfer of 11,509 Bitcoin has allayed investor fears as the company now holds $780 million in Bitcoin in its new wallet, according to Arcam Intelligence. ”
Shivam Thakral, CEO of BuyUcoin, said: “Despite a turbulent crypto market that saw $261 million in liquidations, making it the second-highest liquidation day in October. , Bitcoin has shown resilience over the past 24 hours, rising 0.68% to $67,689. . This activity is primarily driven by long positions in Bitcoin and Ethereum, indicating a volatile trading environment. Institutional investor interest is increasing, as evidenced by significant inflows into Bitcoin ETFs, suggesting a bullish outlook. Despite recent volatility, overall market sentiment remains cautiously positive, and the cryptocurrency landscape reflects this optimism. ”
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Disclaimer: Crypto products and NFTs are unregulated and can be extremely risky. Regulatory remedies may not be available for losses from such transactions. Cryptocurrencies are not legal tender and are therefore subject to market risks. Readers are advised to seek professional advice and carefully read the offer document together with relevant key literature on the subject before making any type of investment. Cryptocurrency market predictions are speculative and investments are made at the reader’s sole expense and risk.
