Cryptocurrency Price Today: Bitcoin, Ethereum, Other Top Coins Trade Sideways
Cryptocurrency price on October 5 quick take: The global market cap stood at $1.09 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, remained below the $28,000 mark early Thursday. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC) — traded sideways, seeing minor movements across the board. Trust Wallet Token (TWT) became the biggest gainer, with a 24-hour jump of over 11 percent. Toncoin (TON) emerged to be the biggest loser, with a 24-hour dip of 3 percent.
The global crypto market cap stood at $1.09 trillion at the time of writing, registering a 24-hour gain of 0.58 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $27,670.68, registering a 24-hour gain of 0.95 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 23,78 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,643, marking a 24-hour gain of 0.13 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.40 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 0.52 percent, as per CoinMarketCap data, currently priced at $0.06116. As per WazirX, Dogecoin price in India stood at Rs 5.25.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.55 percent. At the time of writing, it was trading at $64.61. LTC price in India stood at Rs 5,450.
Ripple (XRP) Price Today
XRP price stood at $0.5294, seeing a 24-hour dip of 0.50 percent. As per WazirX, Ripple price stood at Rs 45.10.
Solana (SOL) Price Today
Solana price stood at $23.29, marking a 24-hour gain of 0.59 percent. As per WazirX, SOL price in India stood at Rs 1,950.02.
Top Crypto Gainers Today (October 5)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Trust Wallet Token (TWT)
Price: $0.8834
24-hour gain: 11.84 percent
Avalanche (AVAX)
Price: $10.05
24-hour gain: 8.17 percent
Mina (MINA)
Price: $0.3886
24-hour gain: 6.65 percent
Render (RNDR)
Price: $1.72
24-hour gain: 4.71 percent
Aave (AAVE)
Price: $66.98
24-hour gain: 3.76 percent
Top Crypto Losers Today (October 5)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Toncoin (TON)
Price: $1.97
24-hour loss: 3 percent
Stellar (XLM)
Price: $0.1116
24-hour loss: 1.89 percent
Quant (QNT)
Price: $85.66
24-hour loss: 1.89 percent
Conflux (CFX)
Price: $0.1315
24-hour loss: 1.60 percent
Huobi Token (HT)
Price: $2.35
24-hour loss: 1.32 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has been trading around the $27,700 range, potentially influenced by a calmer tone in traditional markets following a slowdown in the US labour market. In anticipation of this Friday's official release of US Non-farm payroll data, the preliminary data for September's US Private Payroll employment indicated an increase of 89,000 jobs, below the projected 153,000 jobs. Depending on market momentum holding the pace, Bitcoin's price may either push towards the $30,000 threshold or settle back into the $27,000 trading range. Altcoin AVAX has experienced notable growth, surpassing a 9 percent increase in the last 24 hours, thanks to the launch of Stars Arena, a SocialFi platform, on the Avalanche blockchain.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “The crypto market seems to be calming down after Monday’s sharp rally. Bitcoin (BTC, +0.9 percent) showed an upward move yesterday albeit a slow one with it still remaining below the $28k mark. The major mover of yesterday remained AVAX (+8.7 percent) as it crossed the $10 mark after 28 days due to the gaining popularity of its social app Stars Arena which is a direct competitor of the very popular base chain app friend.tech.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin (BTC) inched up 1.3 percent in the last 24 hours, reaching around $27,700 amid a more stable crypto market and easing traditional market pressures. Although BTC briefly touched $28,000 earlier this week, it retraced some gains. October is expected to see a sideways movement, offering opportunities for investors in the long term. On WazirX, Standard Tokenization Protocol (STPT) and Pendle (PENDLE) have been the top gainers in the last 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “On the 4-hour Bitcoin price chart, key levels include the pivot point at $27,267, immediate resistance at $28,427, and further resistance at $29,222 and $29,997. On the other hand, immediate support lies at $26,775, followed by $25,900 and $25,000. Technical indicators suggest bullish sentiment with RSI 59 above the 50 threshold and 50-day EMA at $27,260, indicating a short-term bullish trend. Notably, the 50-day EMA support at $27,300 is particularly interesting and potentially signals a bull market if it holds. In the short term, given the current trends and resistance levels, Bitcoin seems likely to test higher resistance points.”
Shivam Thakral, CEO of BuyUcoin, said, “Market is witnessing an uneasy calm as one of the most high-profile trials of the beleaguered crypto exchange, FTX, begins. The global crypto community will be closely watching the proceedings and the outcome of the trial and recovery of consumer funds will strengthen the trust and credibility of the crypto industry around the globe. The overall crypto market remained flat with XRP rallying around 5 percent after a US judge rejected the SEC bid to appeal against Ripple. The markets will be less volatile in the coming week if there are no surprising news headlines.”
CoinDCX Research Team told ABP Live, “In the past 24 hours, BTC has seen a 1 percent increase in value, currently trading above Rs 23,50,000 ($27,600). It's maintaining its position above both the 50 and 200 EMA Daily, which is considered a positive sign. On the other hand, ETH has experienced slight gains in the last 24 hours, reaching Rs 1,43,000 ($1,640). However, it remains below the 50 and 200 EMA Daily, which raises some concerns. Avalanche's AVAX, a Layer 1 blockchain, has been a top performer in CoinDCX among major cryptocurrencies, with an impressive 8 percent surge in the last 24 hours.”
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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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