Cryptocurrency Price Today: Bitcoin Fails To Rise Above $28,000, TWT Remains Top Gainer For 2nd Consecutive Day
Cryptocurrency price on October 6 quick take: The global market cap dipped to $1.08 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, failed to rise above the $28,000 mark early Friday. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC) — saw minor movements across the board. Trust Wallet Token (TWT) continued to remain the biggest gainer for the second consecutive day, with a 24-hour jump of over 6 percent. Frax Share (FXS) emerged to be the biggest loser, with a 24-hour dip of nearly 6 percent.
The global crypto market cap stood at $1.08 trillion at the time of writing, registering a 24-hour gain of 0.46 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $27,565.03, registering a 24-hour loss of 0.37 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 23.55 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,624.52, marking a 24-hour dip of 1.12 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.41 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 0.10 percent, as per CoinMarketCap data, currently priced at $0.06109. As per WazirX, Dogecoin price in India stood at Rs 5.28.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.71 percent. At the time of writing, it was trading at $65.17. LTC price in India stood at Rs 5,508.46.
Ripple (XRP) Price Today
XRP price stood at $0.5258, seeing a 24-hour dip of 0.75 percent. As per WazirX, Ripple price stood at Rs 45.29.
Solana (SOL) Price Today
Solana price stood at $23.23, marking a 24-hour loss of 0.11 percent. As per WazirX, SOL price in India stood at Rs 1,999.
Top Crypto Gainers Today (October 6)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Trust Wallet Token (TWT)
Price: $0.9391
24-hour gain: 6.23 percent
Toncoin (TON)
Price: $2.09
24-hour gain: 5.93 percent
Avalanche (AVAX)
Price: $10.43
24-hour gain: 2.92 percent
THORChain (RUNE)
Price: $2.03
24-hour gain: 2.69 percent
Quant (QNT)
Price: $87.47
24-hour gain: 2.10 percent
Top Crypto Losers Today (October 6)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Frax Share (FXS)
Price: $5.28
24-hour loss: 5.94 percent
Gala (GALA)
Price: $0.01469
24-hour loss: 4.61 percent
Fantom (FTM)
Price: $0.1931
24-hour loss: 3.82 percent
ApeCoin (APE)
Price: $1.10
24-hour loss: 3.09 percent
Rocket Pool (RPL)
Price: $20.30
24-hour loss: 3.09 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin consolidated around $27,500 following its ascent above $28,000. While the initial market sentiment was optimistic due to this rally, the US Federal Reserve's hawkish comments, weak trading volumes in ETH futures, and delays in Bitcoin ETFs have contributed to the slowdown in the trend. So, BTC is likely to trade sideways. Currently, neither the bulls nor the bears have asserted dominance, with resistance at $27,850 and support at $27,400.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “Most of the top 10 cryptos by M.Cap seems to be trading slightly in the red. Bitcoin crossed the $28,000 level again, albeit momentarily, before coming back to trading around $27,500 for the second time in three days. Seeing BTC’s price action, the market is beginning to establish a bullish pattern. However, owing to the absence of new capital flowing into the markets, such rallies will be short-lived. ETH (-1.4 percent) is trading above $1,600. SOL (+0.1 percent) and ADA (+1.7 percent) seem to be the only ones trading in the green amongst the top 10 cryptos. While SOL’s price gain is minimal, ADA’s price action comes due to a rise of TVL in the DeFi Protocols from the Cardano ecosystem.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “On October 6, Bitcoin trading as BTC/USD finds itself at a decisive moment at $27,279, showing decisive movement over the past 24 hours. The pivot point stands at this level with immediate resistance at $27,873 and further hurdles at $28,460 and an impressive $29,997. Conversely, selling pressure could lead Bitcoin to seek support at $26,798, followed by $26,414 and $25,982. The RSI at 49 suggests a balanced market sentiment, while the 50-day EMA coincides with the pivot point at $27,279, potentially indicating a short-term bullish trend above and bearish momentum below. Although there is no major news affecting Bitcoin at the moment, it seems to be at a crossroads. The overarching sentiment is bullish above $27,275, but could turn bearish if it falls below that mark. Traders and investors should keep a close eye.”
Shivam Thakral, CEO of BuyUcoin, said, “The overall crypto market showed bearish sentiment as the FTX trial received some harsh comments from the judge. Crypto heavyweights like BTC and ETH were trading at $27,575.18 and $1,624.88 respectively, which is a marginal fluctuation from the previous day. The next market movement may be defined by improvement in the macroeconomic factors surrounding the financial markets.”
CoinDCX Research Team told ABP Live, “Bitcoin (BTC) held steady around Rs 23,90,000 ($27,500), while Ethereum (ETH) experienced a 2 percent dip over the last 24 hours. Investors are awaiting the upcoming announcements of the US Nonfarm Payrolls(monthly) and US Unemployment Rate(monthly) on Friday, October 6. Despite the stability in BTC's price, the US dollar displayed significant volatility, but BTC remained resilient against sudden movements in the Dollar Index (DXY).”
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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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