Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, managed to remain stable within the $67,000 range early Wednesday. Other popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) have all fallen into the red due to the slump in the overall market fear and greed index. . According to CoinMarketCap data, it has a score of 56 out of 100 (neutral). BEAM token rose nearly 4% in 24 hours, becoming the biggest gainer. Apecoin (APE) was the top decliner for the second day in a row, dropping nearly 15% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization was $2.31 trillion, a decline of 1.12% in 24 hours.
Bitcoin (BTC) price today
According to CoinMarketCap, Bitcoin price was $67,009.97, down 0.71 percent in 24 hours. According to Indian exchanges, the BTC price stood at Rs 58.06 million.
Ethereum (ETH) price today
ETH price was $2,611.51, down 1.23% 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 has fallen by 5.21% in 24 hours and is currently priced at $0.1379. Dogecoin price in India was Rs 12.45.
Litecoin (LTC) price today
Litecoin fell by 1.85% in 24 hours. At the time of writing, it was trading at $69.18. The LTC price in India was Rs 6,223.45.
Ripple (XRP) price today
XRP price was $0.5295, down 2.61% in 24 hours. Ripple price in India was 46.04 rupees.
Solana (SOL) price today
Solana price was $164.65, down 2.12% in 24 hours. SOL price in India was Rs 14,312.59.
Top crypto earners today (October 23rd)
According to data from CoinMarketCap, the top 5 cryptocurrencies that gained in the past 24 hours are:
BEAM
Price: $0.01933
24 hour increase: 3.65 percent
Pop Cat (SOL) (Pop Cat)
Price: $1.39
24 hour increase: 3.24%
Celestia (TIA)
Price: $5.87
24 hour increase: 2.78%
Saw Chain (Rune)
Price: $5.17
24 hour increase: 1.92%
Bitget Token (BGB)
Price: $1.16
24 hour increase: 0.87%
Top Cryptocurrency Losers Today (October 23rd)
According to CoinMarketCap data, the top 5 crypto losers in the past 24 hours are:
Ape Coin (APE)
Price: $1.29
24 hour loss: 14.94 percent
dYdX (Native) (DYDX)
Price: $1.07
24 hour loss: 13.44 percent
Mogcoin (MOG)
Price: $0.000001905
24 hour loss: 12.07 percent
First color on Ethereum (NEIRO)
Price: $0.001643
24 hour loss: 6.22 percent
Phantom (FTM)
Price: $0.6984
24 hour loss: 5.90 percent
What crypto exchanges are saying about the current market scenario
“Bitcoin is currently range-bound, trading at $67,200 following a round of profit-taking,” Mudrex co-founder and CEO Edul Patel told ABP Live. spoke. The key resistance level remains at $68,000, which BTC is struggling to break above. Meanwhile, 53% of traders are shorting Bitcoin, according to Binance data, indicating that the bearish mood is gaining momentum. For the bulls to regain control, Bitcoin needs to break through the $68,000 resistance. On the downside, BTC has strong support at $66,700, which is a safety net for now. ”
“Bitcoin experienced a day of significant volatility, swinging between bullish and bearish around the key support level of $67,000,” CoinSwitch Market Desk said. A decisive break below this point could result in BTC testing the $65,000-$66,000 range. On the contrary, a pullback here could pave the way for a higher low pattern, potentially setting the stage for the rally expected this October. ”
“Bitcoin, currently trading at around $67,078, is poised for a major breakout due to the emergence of an inverted expanding triangle formation,” said Avinash Shekhar, co-founder and CEO of Pi42. There is a possibility that it is.” A break above the highest trend line signals new bullish momentum, increasing market activity and investor confidence. This upward momentum has been hampered by low trading volumes, so the potential for further recovery remains in doubt. Meanwhile, Ethereum, currently trading at around $2,610, is stuck at the key 100-day EMA resistance, making a recovery to $3,000 even more difficult. If the support below $2,600 is weak, losses could extend to another $2,400 or perhaps even $2,200. Dogecoin is currently trading above $0.13. Despite a pullback from recent local highs of $0.15, Dogecoin’s volume has surged, indicating renewed interest. Today, Wednesday, the global market capitalization reached $2.32 trillion, a decrease of 0.68% from the previous day. ”
“Bitcoin (BTCUSD) is currently stabilizing near the key support level of $66,980,” said Satvik Vishwanath, co-founder and CEO of Unocoin. Stability here is critical to maintaining a bullish outlook. An aggressive push could move the price closer to the initial target of $68,050 and even $70,000. However, if the price falls below $66,980, intraday losses are possible and it may test the $65,485 level before attempting a recovery. The expected trading range today is between the support level of $66,000 and the resistance level of $69,000, with bullish momentum increasing as long as the major supports hold firm. ”
Shivam Thakral, CEO of BuyUcoin, said: “Bitcoin has seen a slight decline of 0.56% in the past 24 hours, with 6 million It settled around $7,000.” The crypto market remains active, as evidenced by the impressive $2.2 billion inflows into Ethereum and Bitcoin ETFs last week, suggesting strong institutional interest. This surge reflects growing confidence as investors anticipate a potential bullish trend. Looking ahead, the outlook for Bitcoin and other cryptocurrencies remains positive, especially once market conditions stabilize. ”
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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.
