(Source: Poll of Polls)
Cryptocurrency Price Today (October 3): Bitcoin Remains Below $62,000 As Top Coins Continue To See Bloodbath
Cryptocurrency price on October 3 quick take: The global market cap dipped to $2.17 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, remained below the $62,000 mark early Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds across the board as the overall Market Fear & Greed Index stood at 36 (Fear) out of 100, as per CoinMarketCap data. The Flare (FLR) token became the biggest gainer with a 24-hour jump of over 17 percent. BEAM became the top loser, with a 24-hour loss of over 16 percent.
The global crypto market cap stood at $2.13 trillion at the time of writing, registering a 24-hour dip of 1.44 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $61,161.97, registering a 24-hour dip of 0.48 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 54.06 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,383.65, marking a 24-hour loss of 3.79 percent at the time of writing. Ethereum price in India stood at Rs 2.21 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 2.13 percent, as per CoinMarketCap data, currently priced at $0.1054. Dogecoin price in India stood at Rs 10.30.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 0.73 percent. At the time of writing, it was trading at $63.52. LTC price in India stood at Rs 5,725.42.
Ripple (XRP) Price Today
XRP price stood at $0.5347, seeing a 24-hour dip of 10.66 percent. Ripple price in India stood at Rs 54.14.
Solana (SOL) Price Today
Solana price stood at $141.21, marking a 24-hour loss of 3.62 percent. SOL price in India stood at Rs 12,236.74.
Top Crypto Gainers Today (October 3)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Flare (FLR)
Price: $0.01733
24-hour gain: 17.54 percent
Wormhole (W)
Price: $0.3447
24-hour gain: 7.97 percent
Stacks (STX)
Price: $1.83
24-hour gain: 5.47 percent
Aptos (APT)
Price: $8.20
24-hour gain: 5.26 percent
eCash (XEC)
Price: $0.00003449
24-hour gain: 3.67 percent
Top Crypto Losers Today (October 3)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Beam (BEAM)
Price: $0.01576
24-hour loss: 16.61 percent
EigeLayer (EIGEN)
Price: $3.44
24-hour loss: 14.33 percent
Ethena (ENA)
Price: $0.3123
24-hour loss: 12.35 percent
Bonk (BONK)
Price: $0.00002215
24-hour loss: 11.58 percent
Ripple (XRP)
Price: $0.5352
24-hour loss: 10.85 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin experienced a correction amid rising geopolitical tensions in the Middle East. Investors are likely to maintain a cautious stance as they assess the situation in the region. For now, $60,000 serves as a key support level, while resistance is set at $62,100. Other major coins such as Ethereum, Solana and XRP also corrected by as much as 10% due to uncertainty.”
CoinSwitch Markets Desk noted, “Bitcoin’s modest rebound following the sell-off driven by geopolitical turmoil stalled at $62,400 during Wednesday’s U.S. session, before tumbling to $60,000—a key psychological support level. BTC has dropped 3% in the past 24 hours, while the broader crypto market, represented by the CoinDesk 20 index, declined by 3.8%.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin recovered 2% after the brief fall to $60,000 Yesterday due to the tensions in Middle east and currently trading just above at $61,100. However, each of the election years has turned green for all of October, November, and December, which makes the fourth quarter a favourable time for Bitcoin. Bitcoin derivatives metrics look neutral. A 2-month futures premium sits at 7%. It's evidence that Bitcoin has the ability to rebound from recent volatility. On the other hand, Ethereum's breakdown below $2,400 spells out a bearish outlook that can pull down by as much as 7% to a little less than $2,200. Ethereum is currently trading just above $2,300. The optimism regarding Ethereum seems to point towards a bearish trend. While Bitcoin's will show a bullish trend as Bitcoin's momentum will go on given what it has done in the past."
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin fell to around $60,000 on Wednesday amid escalating tensions following Iranian missile attacks on Israel in retaliation for Israeli actions against militant leaders and Hezbollah. The cryptocurrency fell 3.1% for the day and 4.4% for the week, reflecting increased risk aversion among investors. The US sent military support to Israel, further raising geopolitical concerns. While Bitcoin saw significant inflows at the end of September, the trend reversed with a notable outflow of $242.5 million on October 1st. Analysts noted that despite current tensions, bitcoin posted its strongest September close in more than a decade.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin has shown resilience, reclaiming the $61,000 mark after a dip to $60,300 amid rising geopolitical tensions following Iran's missile strikes on Israel. Over the past day, Bitcoin has experienced a modest decline of 0.09%, reflecting increased market caution amid these developments. Meanwhile, the U.S. Securities and Exchange Commission announced plans to appeal a court ruling that could impact its regulatory authority over digital assets, particularly concerning Ripple's XRP token. Bitcoin has the potential to grow in Q4 2024 despite these obstacles, particularly given October's historically positive trends for the cryptocurrency.”
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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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