Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, appeared stable within the $64,000 range early Tuesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of reds and grees across the board as the overall Market Fear & Greed Index stood at 48 (Neutral) out of 100, as per CoinMarketCap data. The POPCAT token became the biggest gainer with a 24-hour jump of over 7 percent. ENA became the top loser, with a 24-hour loss of over 8 percent.
The global crypto market cap stood at $2.26 trillion at the time of writing, registering a 24-hour dip of 0.75 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $64,014.42, registering a 24-hour dip of 0.74 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 54.06 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,646.97, marking a 24-hour gain of 0.30 percent at the time of writing. Ethereum price in India stood at Rs 2.21 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 3.45 percent, as per CoinMarketCap data, currently priced at $0.1187. Dogecoin price in India stood at Rs 10.30.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 0.09 percent. At the time of writing, it was trading at $68.27. LTC price in India stood at Rs 5,725.42.
Ripple (XRP) Price Today
XRP price stood at $0.6283, seeing a 24-hour loss of 2.38 percent. Ripple price in India stood at Rs 54.14.
Solana (SOL) Price Today
Solana price stood at $156.61, marking a 24-hour dip of 0.57 percent. SOL price in India stood at Rs 12,236.74.
Top Crypto Gainers Today (October 1)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Popcat (SOL) (POPCAT)
Price: $1.02
24-hour gain: 7.37 percent
Helium (HNT)
Price: $8.12
24-hour gain: 7.16 percent
Fantom (FTM)
Price: $0.7463
24-hour gain: 7.08 percent
dogwifhat (WIF)
Price: $2.57
24-hour gain: 5.51 percent
Beam (BEAM)
Price: $0.02004
24-hour gain: 5.46 percent
Top Crypto Losers Today (October 1)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
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
The 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 Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin consolidated following Jerome Powell's comments that future interest rate cuts may not be as steep as the recent 50-basis-point. Investors are closely watching macroeconomic indicators, like the ISM Manufacturing data, to gauge the market's direction. Currently, Bitcoin is struggling to break past its resistance at $64,800, with support at $62,700.”
CoinSwitch Markets Desk noted, “Bitcoin kicked off the week with a sharp drop to $63,000, despite U.S. Federal Reserve Chair Jerome Powell’s announcement of upcoming rate cuts. Interestingly, Powell’s comments—delivered at the National Association for Business Economics in Nashville—didn’t shake the market much. He shared that while the Fed plans to cut rates further, they’ll be smaller than the recent 50-basis-point slash. If the economy behaves as expected, two more rate cuts are on the table for 2024, each by 0.25%.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Crypto market is showing bearish trend with Bitcoin dipping to $63,500 and altcoins XRP, ADA, DOT, and LINK more than 3%. But this is for the short term. While it was a spectacular September, which also saw Bitcoin take off by 7%, its highest since 2013, traders are expecting even more uncertainty as the market is highly volatile until late October with elections in the United States. According to historical trends, it will be late October when Bitcoin will show bullish momentum with new highs."
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Most top 100 cryptocurrencies are down today, with Shiba Inu (SHIB) leading the decline at 4.1%, trading at $0.00001873. Dogecoin (DOGE) and Notcoin (NOT) follow with drops of 2.8% and 2.6%, respectively. Conversely, Conflux (CFX) rose 11%, trading at $0.1956, and XRP gained 3.2%, now at $0.64376. In the top 10, Dogecoin fell 2.8% to $0.12295, and Bitcoin (BTC) decreased by 1.4% to $63,630. Ethereum (ETH) remains relatively unchanged at $2,623. Meanwhile, the U.S. saw significant inflows into Ethereum ETFs, totaling $84.5 million for the week, marking a positive shift in sentiment.”
Shivam Thakral, CEO of BuyUcoin, said, “The price of Bitcoin has slightly decreased over the past day, falling by about 3% to about $63,500. This decline comes after a robust September in which Bitcoin increased by more than 7%, indicating a bullish mood in the market. With a noteworthy 32.58% increase, the total volume of the cryptocurrency market shot up to $80 billion, indicating increased trading activity. Profit-taking and uncertainty surrounding comments made by the Federal Reserve on interest rates are attributed to the recent sell-off. Despite this decline, investors are still upbeat about Bitcoin's prospects and predict possible increases in October, which has historically been a prosperous month for cryptocurrencies.”
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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.