Cryptocurrency Price Today: Bitcoin Remains Above $34,000 As Top Coins See Minor Gains

Cryptocurrency price on October 30 quick take: The global market cap remained at $1.26 trillion.

Bitcoin price stood at $34,290.95 on Monday.

Source : PIRO/Pixabay

Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to hold on to the $34,000 mark over the weekend, as the overall market’s Fear & Greed Index stood at 72 (greed) as per CoinMarketCap early Monday morning. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw minor jumps across the board. Gala (GALA) went on to become the top gainer, with a 24-hour jump of over 16 percent. Maker (MKR), on the other hand, became the biggest loser with a 24-hour dip of over 2 percent. 

The global crypto market cap stood at $1.26 trillion at the time of writing, registering a 24-hour gain of 0.85 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $34,290.95, registering a 24-hour jump of 0.82 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 29.65 lakh.

Ethereum (ETH) Price Today

ETH price stood at $1,748.48, marking a 24-hour jump of 0.51 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.55 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour gain of 0.49 percent, as per CoinMarketCap data, currently priced at $0.06871. As per WazirX, Dogecoin price in India stood at Rs 5.98.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour gain of 1.24 percent. At the time of writing, it was trading at $68.28. LTC price in India stood at Rs 5,920.01.

Ripple (XRP) Price Today

XRP price stood at $0.555, seeing a 24-hour jump of 2.09 percent. As per WazirX, Ripple price stood at Rs 47.42.

Solana (SOL) Price Today

Solana price stood at $32.86, marking a 24-hour gain of 3.57 percent. As per WazirX, SOL price in India stood at Rs 2,731. 

Top Crypto Gainers Today (October 30)

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

Gala (GALA)

Price: $0.02083
24-hour gain: 16.15 percent

Axie Infinity (AXS)

Price: $5.81
24-hour gain: 15.65 percent

BitTorrent(New) (BTT)

Price: $0.0000004486
24-hour gain: 10.78 percent

The Sandbox (SAND)

Price: $0.3607
24-hour gain: 9.79 percent

Decentraland (MANA)

Price: $0.3806
24-hour gain: 9.67 percent

Top Crypto Losers Today (October 30)

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

Maker (MKR)

Price: $1,408.26
24-hour loss: 2.44 percent

Stacks (STX)

Price: $0.632
24-hour loss: 2.36 percent

Bitcoin SV (BSV)

Price: $49.49
24-hour loss: 1.99 percent

Aptos (APT)

Price: $6.73
24-hour loss: 1 percent

UNUS SED LEO (LEO)

Price: $3.96
24-hour loss: 0.57 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the weekend, Bitcoin has been trading consistently above the $34,000 level, reflecting the positive sentiment regarding the potential approval of Bitcoin Spot ETF applications in the US. The market's positive sentiment was possibly reinforced by the news of the ProShares Bitcoin Strategy ETF (BITO) seeing its second-highest trading week ever, amassing $1.7 billion in trading volume. Additionally, the Grayscale Bitcoin Trust (GBTC) recorded a substantial trading volume of $800 million. Meanwhile, Ethereum maintained a trading value above $1,700.”

Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “Broader markets, including, crypto reflected positive gains as investors prepare for the Fed meeting scheduled for Wednesday, and the release of the US jobs report. Investors are anticipating that the Federal Reserve will keep the interest rate unchanged. The global crypto M.Cap stands above $1.3 trillion, reflecting an increase of 1.1 percent since yesterday. The crypto fear and greed index also continues to stay in the greed zone despite a 4-point drop; currently at 68/100. The top 20 cryptos by M.Cap were trading in the green. BTC (+0.9 percent) continues to trade over $34,000, with investors expecting resistance at $38,000. Also, looking at institutional inflow as per data by CCData, bitcoin-based products increased their market share to 73.3 percent in September, with assets under management (AUM) rising 11.1 percent to $23.2 billion.”

Rajagopal Menon, Vice President, WazirX, said, “The market is divided in its opinion on Bitcoin’s upcoming move as breaking resistance at $35,000 as well as a price correction, both seem like a possibility. Ethereum breaking out of $1,800 level will also usher in a possible rally. Over the weekend, the market has shown signs of recovery. Despite overbought conditions, Bitcoin’s appeal remains unfazed. VanEck throwing its ring in the ETF hat has also fuelled its price movement.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Analysing the daily chart of Bitcoin, we noted a confluence at the $33,920 pivot point, which is perfectly aligned with the 23.6 percent Fibonacci retracement. Sophisticated Endurance spectrum reveals at $34,500, $35,250 and $36,150. In contrast, a tapestry of support emerges intricately with an initial base at $33,000, reflecting the 38.2 percent Fibonacci retracement, followed by $32,450 and $31,800, reminiscent of the 50 percent and 61.8 percent retracement levels that culminate the complex design. In terms of technical analysis, the Relative Strength Index (RSI) indicates bullish sentiment at 57, while the 50-day EMA indicates a short-term bullish trend at $32,800. Bitcoin's daily chart embodies robust resistance anchored by double-bottom support at $33,450, protected by the steadfast 23.6 percent Fibonacci level, with a visible consolidation phase highlighted. In short, the overarching bullish bias remains as Bitcoin holds a balance above $33,900, potentially poised to challenge the $34,500 resistance level.”

Shivam Thakral, CEO of BuyUcoin, said, “The crypto market had an exciting week with BTC and ETH gaining 12 percent and 5 percent, respectively. As the market rides the ETF wave, we will see a strong upward trend across digital assets in the coming weeks. Decentralised Finance (DeFi) grew by over 7 percent owing to the broader crypto rally. The Fed meeting is scheduled for next week to decide its next action to tame inflation. Any strong statement from Fed indicating tightening of monetary policy may spoil the crypto party.”

CoinDCX Research Team told ABP Live, “BTC concluded this week with a remarkable 15 percent gain. Throughout the weekend, BTC maintained a positive stance but remained below its local resistance at $35,000. Currently, the price hovers around $34,300, while ETH is trading slightly above the local support level of $1,765. It's worth noting that this week carries significant weight for the crypto market due to various macro events, including the US FOMC meeting, the monthly announcement of the US unemployment rate, US job openings, and the US non-farm Employment Change. These events have the potential to introduce volatility to the crypto market.”

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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.