Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, appeared stable within the $64,000 range early Tuesday. Other popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) have seen the market-wide fear and anxiety on full display, with red and Green was mixed. According to data from CoinMarketCap, the Greed Index scored 48 out of 100 (neutral). POPCAT token rose more than 7% in 24 hours, becoming the biggest gainer. ENA was the top loser with a loss of over 8% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization was $2.26 trillion, a decline of 0.75% in 24 hours.
Bitcoin (BTC) price today
According to CoinMarketCap, Bitcoin price was $64,014.42, down 0.74 percent in 24 hours. According to Indian exchanges, the BTC price stood at Rs 54.06 million.
Ethereum (ETH) price today
ETH price was $2,646.97, up 0.30% in 24 hours at the time of writing. Ethereum price in India was 2.21 billion rupees.
Dogecoin (DOGE) price today
According to data from CoinMarketCap, DOGE recorded a loss of 3.45% in 24 hours and is currently priced at $0.1187. Dogecoin price in India was Rs 10.30.
Litecoin (LTC) price today
Litecoin fell by 0.09% in 24 hours. At the time of writing, it was trading at $68.27. The LTC price in India was Rs 5,725.42.
Ripple (XRP) price today
XRP price was $0.6283, down 2.38% in 24 hours. Ripple price in India was 54.14 rupees.
Solana (SOL) price today
Solana price was $156.61, down 0.57% in 24 hours. SOL price in India was Rs 12,236.74.
Top crypto earners today (October 1st)
According to data from CoinMarketCap, the top 5 cryptocurrencies that gained in the past 24 hours are:
Pop Cat (SOL) (Pop Cat)
Price: $1.02
24 hour increase: 7.37%
Helium (HNT)
Price: $8.12
24 hour increase: 7.16%
Phantom (FTM)
Price: $0.7463
24-hour increase: 7.08%
Dogwifat (WIF)
Price: $2.57
24 hour increase: 5.51%
BEAM
Price: $0.02004
24 hour increase: 5.46%
Top Cryptocurrency Losers Today (October 1st)
According to CoinMarketCap data, the top 5 crypto losers in the past 24 hours are:
Ethena (ENA)
Price: $0.3827
24 hour loss: 8.50 percent
Conflux (CFX)
Price: $0.1831
24 hour loss: 6.13 percent
dYdX (Native) (DYDX)
Price: $1.04
24 hour loss: 5.67 percent
Graph (GRT)
Price: $0.1788
24 hour loss: 5.65 percent
Celestia (TIA)
Price: $5.72
24 hour loss: 5.62 percent
What crypto exchanges are saying about the current market scenario
Edul Patel, co-founder and CEO of Mudrex, told ABP Live: “We are responding to Jerome Powell’s comments that future rate cuts may not be as steep as the recent 50 basis points. As a result, Bitcoin has been strong.” Investors are closely monitoring macroeconomic indicators such as ISM manufacturing statistics to gauge market direction. Currently, Bitcoin is struggling to break through the resistance level at $64,800, with support at $62,700. ”
“Bitcoin started the week with a sharp fall to $63,000, despite the announcement of an upcoming interest rate cut by US Federal Reserve Chairman Jerome Powell,” CoinSwitch Market Desk said. Interestingly, Powell’s comments, made at the National Association of Business Economics in Nashville, did not cause much shock to the market. He said the Fed is planning further rate cuts, but they would be smaller than the recent 50 basis point cut. If the economy progresses as expected, two more rate cuts of 0.25% each will be considered in 2024. ”
Avinash Shekhar, co-founder and CEO of Pi42, said: “The crypto market is showing a bearish trend, with Bitcoin falling to $63,500 and altcoins XRP, ADA, DOT , LINK is down more than 3%. But this is short-term. Bitcoin also had a great September, rising 7%, its highest since 2013. Traders expect more uncertainty as the market will be very volatile until the end of the month. Historical trends indicate that Bitcoin will reach new highs and show bullish momentum. It will be late October.”
“Most of the top 100 cryptocurrencies are down today, with Shiba Inu (SHIB) leading the decline with 4.1% and trading at $0.00001873,” said Sathvik Vishwanath, CEO and co-founder of Unocoin. “There is,” he said. Dogecoin (DOGE) and Notcoin (NOT) fell 2.8% and 2.6%, respectively. Conversely, Conflux (CFX) rose 11% to trade at $0.1956, while XRP rose 3.2% and currently stands at $0.64376. Rounding out the top 10, Dogecoin fell 2.8% to $0.12295 and Bitcoin (BTC) fell 1.4% to $63,630. Ethereum (ETH) is almost unchanged at $2,623. Meanwhile, in the US, Ethereum ETFs saw significant inflows, totaling $84.5 million for the week, indicating a positive shift in sentiment. ”
“Bitcoin price has fallen slightly over the past day, down about 3% to around $63,500,” said Shivam Thakral, CEO of BuyUcoin. This decline comes after a solid September in which Bitcoin rose more than 7%, indicating a bullish mood in the market. With a notable 32.58% increase, the total cryptocurrency market volume surged to $80 billion, indicating an increase in trading activity. Profit taking and uncertainty surrounding the Federal Reserve’s comments on interest rates have contributed to the recent decline. Despite this decline, investors remain optimistic about Bitcoin’s prospects, predicting it could rally in October, historically a good month for cryptocurrencies. ”
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Disclaimer: Crypto products and NFTs are unregulated and can be extremely risky. There may be no regulatory remedy 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.
