Cryptocurrency Price Today: Bitcoin Remains Above $34,000, PEPE Regains Top Gainer Spot

Cryptocurrency price on October 26 quick take: The global market cap rose to $1.27 trillion.

Bitcoin price stood at $34,792.09 on Thursday.

Source : Getty

Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, remained steady within the $34,000 range early Thursday. Ethereum (ETH), which dipped below $1,800 yesterday, managed to regain the mark today. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens across the board. Memecoin Pepe (PEPE) has been on a remarkable rollercoaster ride, as it became the biggest gainer on Tuesday, then became the biggest loser on Wednesday, and has once again managed to become the biggest gainer today, showcasing a classic case of extreme crypto volatility. 

The global crypto market cap stood at $1.27 trillion at the time of writing, registering a 24-hour jump of 1.33 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $34,792.09, registering a 24-hour gain of 2.27 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 29.51 lakh.

Ethereum (ETH) Price Today

ETH price stood at $1,811.83, marking a 24-hour jump of 1.29 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.53 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour gain of 8.39 percent, as per CoinMarketCap data, currently priced at $0.07167. As per WazirX, Dogecoin price in India stood at Rs 6.13.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour gain of 0.41 percent. At the time of writing, it was trading at $69.89. LTC price in India stood at Rs 5,905.01.

Ripple (XRP) Price Today

XRP price stood at $0.5575, seeing a 24-hour jump of 0.72 percent. As per WazirX, Ripple price stood at Rs 48.

Solana (SOL) Price Today

Solana price stood at $32.57, marking a 24-hour gain of 4.91 percent. As per WazirX, SOL price in India stood at Rs 2,760.30. 

Top Crypto Gainers Today (October 26)

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

Pepe (PEPE)

Price: $0.000001196
24-hour gain: 26.79 percent

GMX (GMX)

Price: $44.45
24-hour gain: 9.86 percent

Dogecoin (DOGE)

Price: $0.07229
24-hour gain: 9.31 percent

The Graph (GRT)

Price: $0.09978
24-hour gain: 9.23 percent

Shiba Inu (SHIB)

Price: $0.000008127
24-hour gain: 9.13 percent

Top Crypto Losers Today (October 26)

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

Mina (MINA)

Price: $0.6665
24-hour loss: 10.51 percent

Casper (CSPR)

Price: $0.03281
24-hour loss: 4.72 percent

Bitcoin SV (BSV)

Price: $49.72
24-hour loss: 3.64 percent

Chainlink (LINK)

Price: $11.03
24-hour loss: 2.87 percent

Maker (MKR)

Price: $1,439.80
24-hour loss: 2.46 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “The price of Bitcoin has shown exceptional growth, surging by more than 23 percent in the past week, and is currently trading around $34,700. This price movement indicates an increase of over 109.47 percent over the present year, creating optimism and causing a bullish sentiment in the market. Meanwhile, Ethereum is holding steady at approximately $1,790, and other altcoins like Solana and Dogecoin have recorded notable price gains of 4 percent and 7 percent, respectively.”

Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “Major narratives that seem to be driving BTC’s performance are the spot ETF approval, and BTC being a safe haven amidst global macroeconomic uncertainties. Currently trading over $34,000, BTC’s price seems to have doubled this year while ETH is up by almost 50 percent. In terms of other cryptos, Polygon developers have announced that smart contracts of the upcoming POL token have gone live on the Ethereum mainnet as the Polygon blockchain sets motion to its plans. The POL token is expected to be valid on all blockchains that run atop the Polygon network.”

Rajagopal Menon, Vice President, WazirX, said, “The Bitcoin rally continues to be fuelled as the industry witnesses several new and small investors enter the market. The token went on to touch $35,000 levels briefly in a matter of a few days. There is also an anticipation of larger asset managers adopting Bitcoin post US SEC’s approval of an ETF for the token. The market sentiment appears to be at its peak as per the moving averages of Bitcoin. Trading volumes for XRP are also on the rise following Bitcoin’s surge.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin price is in an uptrend with potential resistance levels at $36,507 and $38,579. If the market turns bearish, support can be found at $31,212, $29,172, and $27,956. The Relative Strength Index (RSI) is high at 78, indicating potential overbought conditions but also strong momentum. The 50-day EMA at $30,673 supports a positive short-term trend. The bullish pattern ‘Three White Soldiers’ indicates a reversal from the previous downtrend. Bitcoin is currently testing the $34,705 level, which is a crucial point. A break above it can increase buying interest. Overall, Bitcoin's trajectory appears bullish, with $34,700 a critical level to watch.”

CoinDCX Research Team told ABP Live, “BTC is currently consolidating its recent gains, up by 2.2 percent and holding steady at Rs 29,70,000 ($34,750), while ETH has seen a 0.7 percent increase, reaching ₹1,56,000 ($1,800). It's worth noting that today features a speech by US SEC Chair Gensler, which has the potential to induce volatility in crypto prices. Market sentiment is currently the most positive it has been since November 2021, as indicated by the Crypto Fear & Greed Index reaching 72, signifying a strong bullish sentiment. Interestingly, meme tokens like PEPE have experienced substantial gains, with an increase of over 25% in the past day.”

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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.