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Bitcoin Holds Strong Above $34K

Bitcoin Holds Strong Above $34K, Minor Gains Across Top Cryptocurrencies

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484 Listen to this article In the latest cryptocurrency update on October 30, the global market capitalization remained steady at […]

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In the latest cryptocurrency update on October 30, the global market capitalization remained steady at $1.26 trillion, as Bitcoin managed to maintain its position above the $34,000 mark. The Fear & Greed Index, a reflection of overall market sentiment, stood at 72 (indicating greed) according to CoinMarketCap early Monday morning. Several popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), saw slight gains, with Gala (GALA) emerging as the top performer with a 24-hour jump of over 16 percent. On the flip side, Maker (MKR) experienced a 24-hour dip of over 2 percent.

The global cryptocurrency market capitalization, at the time of reporting, stood at $1.26 trillion, showcasing a 24-hour gain of 0.85 percent.

Crypto Price Today (October 30)

  • Bitcoin Price Today: Bitcoin’s price stood at $34,290.95, marking a 24-hour increase of 0.82 percent, according to CoinMarketCap. On the Indian exchange, WazirX, the price of BTC was Rs 29.65 lakh.
  • Ethereum Price Today: ETH was priced at $1,748.48, reflecting a 24-hour gain of 0.51 percent. In India, Ethereum’s price on WazirX stood at Rs 1.55 lakh.
  • Dogecoin Price Today: DOGE registered a 24-hour gain of 0.49 percent, with a current price of $0.06871 according to CoinMarketCap. On the Indian market, Dogecoin was trading at Rs 5.98.
  • Litecoin Price Today: Litecoin saw a 24-hour gain of 1.24 percent and was trading at $68.28 at the time of writing. In India, the price of LTC stood at Rs 5,920.01.
  • Ripple Price Today: XRP was priced at $0.555, experiencing a 24-hour jump of 2.09 percent. On the Indian exchange, WazirX, Ripple was valued at Rs 47.42.
Read Also:  UAE Joins Hands with Ripple for Payment Processing with XRP

Top Crypto Gainers Today

According to CoinMarketCap data, here are the top five cryptocurrency gainers over the past 24 hours:

  • Gala (GALA)
    • Price: $0.02083
    • 24-hour gain: 16.15 percent
  • Axie Infinity (AXS)
    • Price: $5.81
    • 24-hour gain: 15.65 percent
  • BitTorrent (BTT)
    • Price: $0.0000004486
    • 24-hour gain: 10.78 percent
  • The Sandbox (SAND)
    • Price: $0.3607
    • 24-hour gain: 9.79 percent
  • Decentraland (MANA)
    • Price: $0.3806
    • 24-hour gain: 9.67 percent

Top Crypto Losers Today

As per CoinMarketCap data, here are the top five cryptocurrency losers over the past 24 hours:

  • Maker (MKR)
    • Price: $1,408.26
    • 24-hour loss: 2.44 percent
  • Stacks (STX)
    • Price: $0.632
    • 24-hour loss: 2.36 percent
  • Bitcoin SV (BSV)
    • Price: $49.49
    • 24-hour loss: 1.99 percent
  • Aptos (APT)
    • Price: $6.73
    • 24-hour loss: 1 percent
  • UNUS SED LEO (LEO)
    • Price: $3.96
    • 24-hour loss: 0.57 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Crypto industry experts offered their insights on the current market scenario:

  • Edul Patel:  Mudrex co-founder and CEO, pointed out that Bitcoin’s steady trading above $34,000 reflected positive sentiment, possibly due to expectations of Bitcoin Spot ETF approval in the US.
  • Parth Chaturvedi:  Investments Lead at CoinSwitch Ventures, mentioned that broader markets, including the crypto sector, were gaining positively in anticipation of the Federal Reserve’s upcoming decisions.
  • Rajagopal Menon:  Vice President at WazirX, emphasized the market’s divided opinion on Bitcoin’s future movements.
  • Sathvik Vishwanath:  CEO and co-founder of Unocoin, delved into technical analysis, highlighting key support and resistance levels for Bitcoin.
  • Shivam Thakral:  CEO of BuyUcoin, discussed the impact of the ongoing ETF wave and potential market volatility due to macroeconomic events.
  • CoinDCX Research:  Team noted that Bitcoin concluded the week with a significant gain and that the upcoming week held weight for the crypto market due to various macro events.

Overall, the cryptocurrency market remained dynamic, with Bitcoin holding strong above $34,000 while market participants closely monitored various factors influencing its future direction.

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