Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, surpassed the $70,000 level for the first time in four months, settling at a high of $71,000 at the time of writing. Strong and steady ETF inflows, reinforced by the increased likelihood of Donald Trump winning the US presidential election, provided a much-needed rally for BTC. Other popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) landed in the green across the board as the overall market fear and greed index rose. . 60 out of 100 (Greed) according to CoinMarketCap data. POPCAT token was the biggest gainer for the second day in a row, rising nearly 17% in 24 hours. Mantra (OM) was the biggest loser, dropping nearly 3% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization was $2.35 trillion, an increase of 2.42% in 24 hours.
Bitcoin (BTC) price today
According to CoinMarketCap, Bitcoin price was $71,037.46, up 5.01 percent in 24 hours. According to Indian exchanges, the BTC price stood at Rs 57.04 million.
Ethereum (ETH) price today
ETH price was $2,617.71, up 0.19% in 24 hours at the time of writing. Ethereum price in India was 2.09 billion rupees.
Dogecoin (DOGE) price today
According to data from CoinMarketCap, DOGE has registered an increase of 3.43% in 24 hours and is currently priced at $0.1667. Dogecoin price in India was 12 rupees.
Litecoin (LTC) price today
Litecoin rose 2.03% in 24 hours. At the time of writing, it was trading at $72.03. The LTC price in India was Rs 5,943.60.
Ripple (XRP) price today
XRP price was $0.523, up 2.02% in 24 hours. Ripple price in India was 43.14 rupees.
Solana (SOL) price today
Solana price was $181.54, up 3.97% in 24 hours. The SOL price in India was Rs 14,951.54.
Top crypto earners today (October 29th)
According to data from CoinMarketCap, the top 5 cryptocurrencies that gained in the past 24 hours are:
Pop Cat (SOL) (Pop Cat)
Price: $1.69
24 hour increase: 16.74 percent
Saw Chain (Rune)
Price: $6.13
24 hour increase: 16.07%
Bitcoin SV (BSV)
Price: $52.39
24 hour increase: 15.32 percent
Mogcoin (MOG)
Price: $0.000001931
24 hour increase: 14.68 percent
Ethena (ENA)
Price: $0.3884
24 hour increase: 14.49 percent
Top Cryptocurrency Losers Today (October 29th)
According to CoinMarketCap data, the top 5 crypto losers in the past 24 hours are:
Mantra (OM)
Price: $1.37
24 hour loss: 2.36 percent
Celestia (TIA)
Price: $5.06
24 hour loss: 0.81 percent
UNUS SED Leo (Leo)
Price: $6.05
24 hour loss: 0.07 percent
Ape Coin (APE)
Price: $1.07
24 hour loss: 0.03 percent
SEI
Price: $0.3599
24 hour loss: 4.77 percent
What crypto exchanges are saying about the current market scenario
Edul Patel, co-founder and CEO of Mudrex, told ABP Live: “After more than four months, Bitcoin has surpassed the most coveted $70,000 level and is currently trading at $71,300. BTC rose more than 5% in one day, supported by strong inflows and positive market sentiment ahead of the US presidential election.The conflict between Iran and Israel is also driving investors towards global assets. This rally also boosted other major coins such as Ethereum, Solana, and BNB, with Dogecoin in particular rising by more than 15% following Elon Musk’s tweet. is $67,900.
“After an extended period of sideways bearish price action, Bitcoin (BTC) is now above $71,000 and appears poised to challenge an all-time high of $73,700,” CoinSwitch Market Desk said. Since plummeting to $53,000 in September, BTC has risen and just topped $70,000. This surge could be supported by new interest rate cuts by major Western central banks (excluding Japan), fiscal and monetary stimulus in China, and large inflows into US spot Bitcoin ETFs. The US election season is adding more intrigue, especially with pro-crypto candidate Donald Trump gaining momentum. ”
“Bitcoin has made an impressive jump above $71,000, reaching this milestone for the first time since June,” said Shivam Thakral, CEO of BuyUcoin. Ethereum and Dogecoin also rose 5.67% and 14.96%, respectively, fueling broad positive sentiment in the crypto market. It shows.”
Satvik Vishwanath, CEO and co-founder of Unocoin, said: “Bitcoin has surged above $70,000, marking a 5% gain and hinting at a possible breakout of the $72,000 resistance zone. “I’m working on it,” he said. After establishing support near $66,500, BTC surged above $68,000 and continues to trade above $71,000. The $71,482 high suggests bullish momentum, with Bitcoin moving above the 100-hour SMA. The $72,000 mark is currently a key resistance level, and a successful breakout could send BTC testing $73,000 and even $75,000, potentially bringing it closer to all-time highs. If BTC faces a correction, support at $70,500 and $68,500 could stabilize the price. Technical indicators favor the bulls, with the hourly MACD gaining strength and the RSI remaining in a positive position above 50, suggesting the rally will continue. ”
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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.
