Cryptocurrency Price Today: Bitcoin ETF Possibilities Drive Token Above $30,000, ETH Approaches $1,700

Cryptocurrency price on October 23 quick take: The global market cap rose to $1.16 trillion.

Bitcoin price stood at $30,722.84 on Monday.

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, climbed above the $30,000 mark for the first time in several weeks, thanks to the increased optimism around Bitcoin ETF possibilities. Ethereum (ETH) also managed to rise above the $1,600 mark and is steadily eyeing $1,700. Popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — comfortably landed in the greens across the board. The Chainlink (LINK) token became the biggest gainer, with a 24-hour jump of over 17 percent. Bitcoin SV (BSV), on the other hand, became the biggest loser, with a 24-hour dip of over 6 percent.

The global crypto market cap stood at $1.16 trillion at the time of writing, registering a 24-hour gain of 2.39 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $30,722.84, registering a 24-hour gain of 2.69 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 26.48 lakh.

Ethereum (ETH) Price Today

ETH price stood at $1,697.14, marking a 24-hour gain of 4.07 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.44 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour gain of 2.22 percent, as per CoinMarketCap data, currently priced at $0.06266. As per WazirX, Dogecoin price in India stood at Rs 5.37.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour jump of 2.21 percent. At the time of writing, it was trading at $66.37. LTC price in India stood at Rs 5,588.01.

Ripple (XRP) Price Today

XRP price stood at $0.5245, seeing a 24-hour jump of 0.81 percent. As per WazirX, Ripple price stood at Rs 45.23.

Solana (SOL) Price Today

Solana price stood at $30.54 marking a 24-hour gain of 2.77 percent. As per WazirX, SOL price in India stood at Rs 2,650. 

Top Crypto Gainers Today (October 23)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Chainlink (LINK)

Price: $10.82
24-hour gain: 17.44 percent

Fantom (FTM)

Price: $0.2228
24-hour gain: 11.57 percent

Aave (AAVE)

Price: $79.58
24-hour gain: 11.13 percent

Pepe (PEPE)

Price: $0.0000007576
24-hour gain: 9.97 percent

Aptos (APT)

Price: $6.11
24-hour gain: 9.94 percent

Top Crypto Losers Today (October 23)

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

Bitcoin SV (BSV)

Price: $51.95
24-hour loss: 6.18 percent

XDC Network (XDC)

Price: $0.04642
24-hour loss: 1.59 percent

Mantle (MNT)

Price: $0.379
24-hour loss: 1.32 percent

TRON (TRX)

Price: $0.09048
24-hour loss: 1.18 percent

Tether Gold (XAUt)

Price: $1,978.62
24-hour loss: 0.26 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin broke through the $30,000 mark during the weekend, driven by renewed optimism surrounding the potential approval of a Bitcoin Spot ETF as multiple applicants amended their filings with the SEC last week. Bitcoin has achieved a three-month high and an impressive growth of over 11 percent in the past seven days. The current market sentiment is clearly bullish. Simultaneously, Ethereum has surged past the $1,600 resistance and is trading above the $1,650 level. At the same time, altcoins like Solana and Chainlink have witnessed significant growth, with gains of more than 35 percent and 41 percent, respectively, in the past week.”

Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “BTC (+1.4 percent) has been holding firm above the $30,000 mark as several altcoins have started to catch up with this Q4 rally as well. Even as we see Bitcoin going up daily for 4 days in a row now, the $28,000-31,000 range has acted as a major liquidity zone and BTC must cross the $31,500-33,000 zone before one can say with certainty that this resistance zone has been broken.”

Shivam Thakral, CEO of BuyUcoin, said, “The crypto market had an action-packed weekend with BTC breaching the $30,000 mark and overall crypto market cap touching $1.16 trillion level. In the last 24 hours, ETH witnessed a mini-rally and surged by over 4 percent to touch the $1,694.60 level. Amidst growing geo-political uncertainty, soaring inflation and other economic factors, users are looking at Bitcoin as a hedge against inflation and store value. BTC dominance currently stands at an impressive 51.23 percent, which shows the increased interest in the world’s largest digital asset.” 

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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.