Cryptocurrency Price Today (October 29): Bitcoin Records 4-Month High, Settles At $71,000
Cryptocurrency price on October 29 quick take: The global market cap rose to $2.35 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, rose above the $70,000 mark for the first time in four months, settling at a high of $71,000 at the time of writing. Strong and stable ETF inflows, strengthened with Donald Trump’s increasing odds of winning the US Presidential elections, have resulted in a much-needed BTC rally. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board as the overall Market Fear & Greed Index stood at 60 (Greed) out of 100, as per CoinMarketCap data. The POPCAT token became the biggest gainer for the second consecutive day, with a 24-hour jump of nearly 17 percent. Mantra (OM) became the biggest loser, with a 24-hour loss of nearly 3 percent.
The global crypto market cap stood at $2.35 trillion at the time of writing, registering a 24-hour jump of 2.42 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $71,037.46, registering a 24-hour jump of 5.01 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 57.04 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,617.71, marking a 24-hour gain of 0.19 percent at the time of writing. Ethereum price in India stood at Rs 2.09 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 3.43 percent, as per CoinMarketCap data, currently priced at $0.1667. Dogecoin price in India stood at Rs 12.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 2.03 percent. At the time of writing, it was trading at $72.03. LTC price in India stood at Rs 5,943.60.
Ripple (XRP) Price Today
XRP price stood at $0.523, seeing a 24-hour gain of 2.02 percent. Ripple price in India stood at Rs 43.14.
Solana (SOL) Price Today
Solana price stood at $181.54, marking a 24-hour jump of 3.97 percent. SOL price in India stood at Rs 14,951.54.
Top Crypto Gainers Today (October 29)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Popcat (SOL) (POPCAT)
Price: $1.69
24-hour gain: 16.74 percent
THORChain (RUNE)
Price: $6.13
24-hour gain: 16.07 percent
Bitcoin SV (BSV)
Price: $52.39
24-hour gain: 15.32 percent
Mog Coin (MOG)
Price: $0.000001931
24-hour gain: 14.68 percent
Ethena (ENA)
Price: $0.3884
24-hour gain: 14.49 percent
Top Crypto Losers Today (October 29)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Mantra (OM)
Price: $1.37
24-hour loss: 2.36 percent
Celestia (TIA)
Price: $5.06
24-hour loss: 0.81 percent
UNUS SED LEO (LEO)
Price: $6.05
24-hour loss: 0.07 percent
ApeCoin (APE)
Price: $1.07
24-hour loss: 0.03 percent
Sei (SEI)
Price: $0.3599
24-hour loss: 4.77 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “After more than four months, Bitcoin has surpassed the most awaited $70,000 mark, currently trading at $71,300. Supported by strong ETF inflows and positive market sentiment ahead of the U.S. presidential election, BTC saw a one-day increase of over 5%. The Iran-Israel conflict also contributed to the rally driving investors toward global assets. This rally has also boosted other major coins like Ethereum, Solana, BNB, and especially Dogecoin, which rose over 15% following Elon Musk’s tweet. BTC’s resistance stands at $71,400, with support at $67,900.”
CoinSwitch Markets Desk noted, “After a prolonged stretch of sideways and bearish price action, Bitcoin (BTC) looks ready to challenge its all-time high of $73,700, with prices now over $71,000. Since a September plunge to $53,000, BTC has been rallying and just surpassed $70,000. Supporting this surge may be new rate cuts from major Western central banks (excluding Japan), China’s fiscal and monetary stimulus, and big inflows into U.S. spot Bitcoin ETFs. The U.S. election season adds further intrigue, especially with pro-crypto candidate Donald Trump gaining traction.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin has made a remarkable leap above $71,000, reaching this milestone for the first time since June. This surge is fueled by substantial inflows into exchange-traded funds and heightened speculation ahead of next week’s U.S. elections. Ethereum and Dogecoin have also enjoyed gains of 5.67% and 14.96%, respectively, indicating a broader positive sentiment in the cryptocurrency market.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin has surged beyond $70,000, showing a 5% gain and signaling potential to break the $72,000 resistance zone. After establishing support around $66,500, BTC rose sharply past $68,000 and continues trading above $71,000. A high at $71,482 suggests bullish momentum, positioning Bitcoin above the 100-hourly SMA.The $72,000 mark is now the key resistance, with a successful breakthrough possibly pushing BTC to test $73,000 or even $75,000, approaching a new all-time high. Should BTC face a correction, support at $70,500 and $68,500 could stabilize prices. Technical indicators favor the bulls, with the hourly MACD gaining strength and the RSI maintaining a positive position above 50, hinting at continued upward movement.”
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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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