Cryptocurrency Price Today: Bitcoin, Ethereum, Other Top Coins Land In Reds
Cryptocurrency price on October 19 quick take: The global market cap dipped to $1.08 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to remain above the $28,000 mark early Thursday despite reds dominating the price charts. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the reds across the board. The Bitcoin SV (BSV) token became the biggest gainer of the lot, with a 24-hour gain of over 5 percent. Conflux (CFX), on the other hand, became the biggest loser, with a 24-hour dip of over 7 percent.
The global crypto market cap stood at $1.08 trillion at the time of writing, registering a 24-hour dip of 1 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $28,247.34, registering a 24-hour loss of 0.98 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 24.52 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,548.86, marking a 24-hour dip of 1.20 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.35 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 1.22 percent, as per CoinMarketCap data, currently priced at $0.05822. As per WazirX, Dogecoin price in India stood at Rs 5.11.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 2.76 percent. At the time of writing, it was trading at $60.45. LTC price in India stood at Rs 5,305.
Ripple (XRP) Price Today
XRP price stood at $0.4837, seeing a 24-hour dip of 1.42 percent. As per WazirX, Ripple price stood at Rs 41.99.
Solana (SOL) Price Today
Solana price stood at $23.49 marking a 24-hour loss of 2.15 percent. As per WazirX, SOL price in India stood at Rs 2,036.
Top Crypto Gainers Today (October 19)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Bitcoin SV (BSV)
Price: $41.63
24-hour gain: 5.89 percent
UNUS SED LEO (LEO)
Price: $3.79
24-hour gain: 2.90 percent
Mina (MINA)
Price: $0.3776
24-hour gain: 2.55 percent
Mantle (MNT)
Price: $0.3222
24-hour gain: 2.53 percent
Injective (INJ)
Price: $8.06
24-hour gain: 2.27 percent
Top Crypto Losers Today (October 19)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Conflux (CFX)
Price: $0.1009
24-hour loss: 7.96 percent
OKB (OKB)
Price: $43.97
24-hour loss: 5.29 percent
Chiliz (CHZ)
Price: $0.05521
24-hour loss: 5.07 percent
Toncoin (TON)
Price: $2.01
24-hour loss: 4.89 percent
Gala (GALA)
Price: $0.01264
24-hour loss: 3.77 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “In the past 24 hours, Bitcoin has been trading consistently above the $28,200 level following asset manager Fidelity's submission of an amendment to its proposed spot Bitcoin ETF application to the US SEC. This amendment outlines Fidelity's strategies for securing customers' Bitcoin in custody accounts and transparently disclosing associated risks. Notably, ARK Invest and Invesco made similar amendments to their applications last week. These coordinated efforts have given rise to optimism among market participants, who interpret these actions as potential signs of ongoing discussions between the US SEC and the spot ETF applicants. Furthermore, market attention is focused on the Economic Club of New York, where Federal Reserve Chair Jerome Powell is scheduled to speak later today, just before the US central bank's blackout period leading up to its next interest-rate decision.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “Bitcoin (BTC, -0.9 percent) has been holding the fort above $28,000 even as it has registered gains due to fake news of ETF acceptance followed by a price correction. Even though nearly $100 million was liquidated within hours, investors seem to be noticing the steadiness in BTC price after its correction. However, reports suggest that the actual BTC ETF approval could boost the crypto market potentially bumping up the global crypto M.Cap by $1 trillion.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin is trading at $28,256 after suffering a decline of 0.75 percent in the past 24 hours. The Bitcoin ETF race garners attention for its potential to offer a regulated means to access Bitcoin price movements. Recent false reports of the SEC approving BlackRock's BTC ETF application briefly sent Bitcoin above $30,000 before falling 8 percent upon clarification. Despite regulatory delays, the market speculates on a forthcoming approval as traditional financial institutions embrace crypto.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin, the reigning cryptocurrency market leader, is at a pivotal moment as it nears the $29,000 mark. Technical analysis reveals a slightly bullish scenario with RSI at 63, suggesting optimism without overbought. The price remains above the 50-day EMA of $27,712, indicating short-term bullish potential. However, the triple top pattern at the $28,634 resistance raises concerns about a bearish trend, which is amplified by the presence of Doji candles. In short, Bitcoin's current path seems positive above $28,150, but a drop below that level could tip the balance. In the near term, Bitcoin is poised to challenge the $28,634 resistance, influenced by various technical indicators and market sentiment.”
Shivam Thakral, CEO, BuyUcoin, said, "The crypto market is showing optimism around the Bitcoin ETF news. The Blockchain analytics firm CryptoQuant predicted that $155 billion will enter the crypto market if Bitcoin ETFs are approved. Bitcoin remained above the $28,000 mark while Ether was hovering above the $1,500 mark at the time of writing. The crypto market is poised for a healthy growth but uncertain macroeconomic factors may restrict its momentum."
CoinDCX Research Team told ABP Live, “In the past 24 hours, BTC's price briefly climbed to Rs 25,40,000 ($29,000) but quickly retraced below $28,500. Currently, it's trading within the range of $28,100 to $28,500. As long as BTC holds above $28,000, it's considered a positive sign for the overall market. On the other hand, ETH has lost its recent gains and is once again hovering near the major support level of $1,530 to $1,550.”
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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.
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