Cryptocurrency Price Today: Bitcoin Remains Above $34,000 As Top Coins Land In Reds
Cryptocurrency price on October 27 quick take: The global market cap dipped to $1.26 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, began showing signs of a slump early Friday morning. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the reds across the board. Floki Inu (FLOKI) went on to become the top gainer, with a 24-hour gain of over 27 percent. Bitcoin SV (BSV), on the other hand, became the biggest loser with a 24-hour dip of over 7 percent.
The global crypto market cap stood at $1.26 trillion at the time of writing, registering a 24-hour dip of 1.33 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $34,088.58, registering a 24-hour loss of 2.10 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 29.25 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,790.97, marking a 24-hour jump of 1.07 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 dip of 0.26 percent, as per CoinMarketCap data, currently priced at $0.07156. As per WazirX, Dogecoin price in India stood at Rs 6.12.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 2.32 percent. At the time of writing, it was trading at $68.12. LTC price in India stood at Rs 5,800.01.
Ripple (XRP) Price Today
XRP price stood at $0.5532, seeing a 24-hour loss of 0.89 percent. As per WazirX, Ripple price stood at Rs 47.87.
Solana (SOL) Price Today
Solana price stood at $32.35, marking a 24-hour loss of 1.15 percent. As per WazirX, SOL price in India stood at Rs 2,798.89.
Top Crypto Gainers Today (October 27)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
FLOKI (FLOKI)
Price: $0.00003975
24-hour gain: 27.34 percent
Gala (GALA)
Price: $0.01806
24-hour gain: 9.04 percent
Neo (NEO)
Price: $8.30
24-hour gain: 6.70 percent
THORChain (RUNE)
Price: $2.32
24-hour gain: 3.45 percent
NEAR Protocol (NEAR)
Price: $1.18
24-hour gain: 2.90 percent
Top Crypto Losers Today (October 27)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Bitcoin SV (BSV)
Price: $46.14
24-hour loss: 7.20 percent
Stacks (STX)
Price: $0.6367
24-hour loss: 6.33 percent
Aave (AAVE)
Price: $79.64
24-hour loss: 6.22 percent
dYdX (DYDX)
Price: $2.31
24-hour loss: 5.28 percent
Aptos (APT)
Price: $6.41
24-hour loss: 5.25 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has consolidated around the $34,000 mark, prompting investors to book their profits after an almost 20 percent price surge over the last week. The market is currently witnessing a tussle between bullish and bearish forces as the bulls attempt to uphold their momentum. Bitcoin will now need to surpass the $34,300 resistance or risk finding support around $33,800. Meanwhile, Ethereum is trading at approximately $1,800.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “After establishing support at $33,600, BTC (-1.8 percent) seems to be undergoing some slight correction after witnessing an 8-day rally before it started observing a rangebound price action these past two days. The broader crypto market has reacted in sync and seems to be cooling off after the rally. Top 20 crypto by M.Cap seems to be trading slightly in the red. In other news, Deutsche Bank and Standard Chartered's SC Ventures are testing UDPN, a system that enables blockchain, stablecoins, and CBDCs to interact like SWIFT in traditional banking. UDPN bridges blockchains, incorporates digital identity standards and facilitates regulated transactions.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin settles for $34,000 levels at ETF FOMO and market dominance keeps investor sentiment high. Bitcoin’s RSI has reached 83 indicating overbought conditions as the industry looks forward to $36k support levels for the token.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The BTC/USD pair currently sits at $34,200, reflecting the delicate balance between bullish and bearish sentiment. In this 4-hour time frame, a pivot point lies at $33,894 with an immediate resistance level of $35,252 as indicated by the double top pattern. If the bulls maintain control, they will encounter resistance at $36,099 and $36,977. Conversely, if the bears take the lead, they may find support at $33,126, marked by the 38.2 percent Fibonacci levels, with further supports at $32,423 and $31,800. The Relative Strength Index (RSI) is at 70, indicating overbought conditions, while the 50-day Exponential Moving Average (EMA) at $31,608 indicates a short-term bullish trend. Notably, the double-top pattern near the $35,252 resistance suggests a possible bearish reversal. In short, the outlook looks bearish below $35,252, but a break above this level may open the door for an upward move towards $36,099.”
Shivam Thakral, CEO of BuyUcoin, said, “The crypto market is showing signs of cooling off after the mega rally in the past few days. BTC is sitting on a comfortable support level of $34,000 and ETH is trading just below the $1800 mark. In an interesting move, BTC dominance has soared to 53 percent, highest point in the last 2 years, owing to the growing optimism around ETF approval. Solana has emerged as the biggest gainer in the past seven days as its value surged by almost 27 percent.”
CoinDCX Research Team told ABP Live, “In the past 24 hours, Bitcoin (BTC) saw a 1.75 percent drop, reaching Rs 29,55,000 ($34,100), while Ether (ETH) remained stable at around Rs ₹1,55,000 ($1,790), indicating a brief pause in the crypto markets after a recent surge. BTC is moving up by taking support from the 20-day Simple Moving Average (SMA-D). However, it's still facing a challenge at the $35,000 level. If it successfully breaks through, it could reach the $39,000 to $40,000 range, with potential support around $31,000 to $32,000. For ETH, the $1,740 level may act as a support, and crossing $1,860 could push it toward $2,000. It's worth noting that the U.S. Gross Domestic Product (GDP) grew at a rate of 4.9 percent in the third quarter, surpassing the estimated 4.7 percent. This positive economic performance is a good sign, especially with BTC showing resilience while the U.S. stock market continues to decline.”
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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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