Cryptocurrency Price Today: Bitcoin, Top Coins Trade Sideways; COMP Gains Over 18%
Cryptocurrency price on September 29 quick take: The global market cap rose to $1.07 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, remained below the $27,000 mark early Friday. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens across the board. The Compound (COMP) token went on to become the biggest gainer, with a 24-hour jump of over 18 percent. GateToken (GT) became the biggest loser, with a 24-hour dip of nearly 4 percent.
The global crypto market cap stood at $1.07 trillion at the time of writing, registering a 24-hour gain of 2.10 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $26,958.51, registering a 24-hour gain of 2.29 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 22.82 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,651.82, marking a 24-hour gain of 2.85 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 1.66 percent, as per CoinMarketCap data, currently priced at $0.06149. As per WazirX, Dogecoin price in India stood at Rs 5.30.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 2.89 percent. At the time of writing, it was trading at $65.12. LTC price in India stood at Rs 5,572.47.
Ripple (XRP) Price Today
XRP price stood at $0.5094, seeing a 24-hour jump of 2.28 percent. As per WazirX, Ripple price stood at Rs 43.20.
Solana (SOL) Price Today
Solana price stood at $20.15, marking a 24-hour gain of 5.17 percent. As per WazirX, SOL price in India stood at Rs 1,720.
Top Crypto Gainers Today (September 29)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Compound (COMP)
Price: $48.55
24-hour gain: 18.07 percent
ApeCoin (APE)
Price: $1.25
24-hour gain: 11.96 percent
THORChain (RUNE)
Price: $1.92
24-hour gain: 10.48 percent
Lido DAO (LDO)
Price: $1.62
24-hour gain: 9.61 percent
Arbitrum (ARB)
Price: $0.8926
24-hour gain: 8.81 percent
Top Crypto Losers Today (September 29)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
GateToken (GT)
Price: $3.71
24-hour loss: 3.60 percent
Terra Classic (LUNC)
Price: $0.00006318
24-hour loss: 2.48 percent
Monero (XMR)
Price: $145.36
24-hour loss: 1.01 percent
XDC Network (XDC)
Price: $0.04927
24-hour loss: 0.67 percent
PAX Gold (PAXG)
Price: $1,872.70
24-hour loss: 0.39 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “The price of Bitcoin witnessed a substantial surge today, breaking above the $27,200 level before consolidating above the $26,900 mark. This upward price movement is possibly due to investment manager Valkyrie Funds LLC obtaining regulatory approval from the Securities and Exchange Commission (SEC) to introduce Ethereum futures to its existing Bitcoin futures exchange-traded fund. This price action coincided with a modest recovery in US stocks as the 10-year Treasury yield retreated from a 16-year high. Meanwhile, Ethereum has maintained its trading position at around $1,650. Additionally, VanEck has filed paperwork for its own Ethereum futures-based ETF, adding to the already submitted applications for Ether ETFs by Grayscale, ProShares, and Bitwise.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “The crypto market has seen a positive price action in the last 24 hours. As per CoinGecko, the global crypto M.Cap. is up 1.9 percent and is currently over $1.1 trillion. The crypto fear and greed index is back in the neutral zone with a score of 48/100. The slight crypto rebound aligns with a rebound of larger markets, as the 10-year Treasury yield pulled back from its 16-year high, and oil retreated from a 2023 high.”
Rajagopal Menon, Vice President, WazirX, said, “Acknowledgment of Bitcoin's status in Shanghai has played a pivotal role in bolstering the token's value. Additionally, market participants are eagerly awaiting the introduction of Ethereum exchange-traded funds (ETFs) which has contributed to the price uptick observed in ETH.”
CoinDCX Research Team told ABP Live, “In the past day, Bitcoin increased by 2.5 percent and is now valued at $26,900. Ether also went up by 2.8 percent in the same timeframe, reaching $1,650. Bitcoin surpassed the $27,000 mark due to several factors, including a rise in stock markets and upcoming options expiring on Friday, coupled with reduced overall economic pressures. It's worth noting that the SEC has postponed its decision on Bitcoin ETFs from Blackrock, Bitwise, Invesco, and Valkyrie. These delays happened two weeks ahead of the expected deadline of October 16–19.”
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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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