[ad_1]
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, rose above the $69,000 mark for the first time this month, resulting in record weekly inflows into spot ETFs, with $2 billion pouring in the past week. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board as the overall Market Fear & Greed Index stood at 63 (Greed) out of 100, as per CoinMarketCap data. The DYDX token became the biggest gainer with a 24-hour jump of over 27 percent. AERO became the top loser, with a 24-hour loss of over 2 percent.
The global crypto market cap stood at $2.39 trillion at the time of writing, registering a 24-hour jump of 2.10 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $69,046.29, registering a 24-hour jump of 1.46 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 58.06 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,736.69, marking a 24-hour gain of 3.61 percent at the time of writing. Ethereum price in India stood at Rs 2.30 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 5.08 percent, as per CoinMarketCap data, currently priced at $0.1485. Dogecoin price in India stood at Rs 12.45.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 0.89 percent. At the time of writing, it was trading at $74. LTC price in India stood at Rs 6,223.45.
Ripple (XRP) Price Today
XRP price stood at $0.5477, seeing a 24-hour gain of 1.09 percent. Ripple price in India stood at Rs 46.04.
Solana (SOL) Price Today
Solana price stood at $169.84, marking a 24-hour jump of 6.24 percent. SOL price in India stood at Rs 14,312.59.
Top Crypto Gainers Today (October 21)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
dYdX (Native) (DYDX)
Price: $1.26
24-hour gain: 27.09 percent
Apecoin (APE)
Price: $1.47
24-hour gain: 20.82 percent
Mina (MINA)
Price: $0.6592
24-hour gain: 14.22 percent
Popcat (SOL) (POPCAT)
Price: $1.40
24-hour gain: 11.77 percent
Mog Coin (MOG)
Price: $0.000002246
24-hour gain: 11.03 percent
Top Crypto Losers Today (October 21)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Aerodrome Finance (AERO)
Price: $1.28
24-hour loss: 2.03 percent
Mantra (OM)
Price: $1.48
24-hour loss: 1.47 percent
Litecoin (LTC)
Price: $74.08
24-hour loss: 0.72 percent
TRON (TRX)
Price: $0.1559
24-hour loss: 0.24 percent
UNUS SED LEO (LEO)
Price: $6.09
24-hour loss: 0.22 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is continuing its upward momentum, currently trading at $68,800. This surge has attracted record weekly inflows into spot ETFs, with $2 billion pouring in over the past seven days. The rally has also lifted other major cryptocurrencies like Ethereum, Dogecoin, and Solana, which have gained up to 6% in a single day. With the US presidential elections approaching soon, investors are optimistic about a more crypto-friendly environment, further driving market activity. Bitcoin now faces immediate resistance at $69,200, with key support at $67,300.”
CoinSwitch Markets Desk noted, “Bitcoin has surged past the $69,000 mark for the first time in three months, driven by October’s historically bullish trends. This movement suggests the potential for new all-time highs, as bullish sentiment continues to strengthen. We should note here that OND quarter (October-November-December) historically has always been bullish, specially if it is a BTC halving year.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin (BTC) rose around 9% within the week while approaching to the important level of $70,000. Bitcoin is currently trading at $68,700, fueled by Kamala Harris’s support for crypto, Trump’s 60% odds of reelection, low interest rates, and diminished fears of World War III. Bulls are positive and can see the price at around $72,000 as a near-term goal, while bears will defend against a drop below $66,500. Meanwhile, Ethereum (ETH) broke out of a symmetrical triangle and showing strong bullish momentum. It can continue going to $2,850, where selling pressure might emerge. The structure of a retest here would indicate buying on dips, whereas a drop below the 20-day EMA would indicate bearish sentiment. Solana (SOL) is approaching a critical resistance at $169. A close above completes a bullish ascending triangle, targeting $189. Today on Monday, the total global market capitalization hit $2.38 trillion, marking a 1.69% boost over the last day.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin has a strong uptrend in the short, medium and long term, with rising channels indicating increased optimism. There is no resistance in the short term and further growth is expected. An RSI above 70 indicates positive momentum, but a potential pullback is possible. In the medium term, Bitcoin broke through resistance at 67,241, signaling a potential upside to 84,547 despite weak volume correlations. In the long term, the trend remains positive and continued profit is expected. The currency is technically rated as favorable in all time frames, but due to possible resistance at 70,000 points, caution is advised.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin has surged to a three-month high of around $69,400, reflecting a robust 7% increase over the past week. This bullish momentum is fueled by the SEC’s recent approval of options linked to 11 Bitcoin ETFs, which enhances liquidity and market efficiency. This move is expected to draw in institutional investors and stabilize Bitcoin’s volatility, opening the door for sustained growth. The future appears bright for Bitcoin as the cryptocurrency market develops with the introduction of these advanced financial products, paving the way for investment and increasing accessibility for all investors.”
Subscribe And Follow ABP Live On Telegram: https://t.me/officialabplive
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.
[ad_2]
Source link