Bitcoin (BTC) and Ethereum (ETH), the world’s most valued cryptocurrencies, managed to remain stable within the $19,000 and $1,300 range, respectively. Among popular tokens, Ripple (XRP) saw itself in the reds and turned out to be the third biggest loser in the last 24 hours. Other popular altcoins — including the likes of Dogecoin (DOGE), Solana (SOL), and Litecoin (LTC) — saw a mix of gains and dips on early Monday morning. The lesser-known Casper (CSPR) emerged to be the biggest gainer in the last 24 hours, with a 24-hour gain of over 16 percent.
At the time of writing, the global crypto market cap stood at $920.02 billion, marking a gain of 0.36 percent in the last 24 hours, as per CoinMarketCap data.
Bitcoin (BTC) price today
Bitcoin price stood at $19,227.94, seeing a 24-hour gain of 0.47 percent, as per CoinMarketCap. As per Indian exchange WazirX, BTC price stood at Rs 16.30 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,304.54, marking a 24-hour jump of 1.56 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.09 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour dip of 0.26 percent as per CoinMarketCap data, currently priced at $0.05895. As per WazirX, Dogecoin price in India stood at Rs 5.03.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 1.60 percent. At the time of writing, it was priced at $51.47. LTC price in India stood at Rs 4,330.
Ripple (XRP) price today
XRP price stood at $0.4711, seeing a 24-hour loss of 2.91 percent. As per WazirX, Ripple price stood at Rs 40.
Solana (SOL) price today
Solana price stood at $30.18, marking a 24-hour gain of 1.16 percent. As per WazirX, SOL price in India stood at Rs 2,514.
Top crypto gainers today (October 17)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Casper (CSPR)
Price: $0.0484
24-hour gain: 16.30 percent
Synthetix (SNX)
Price: $2.28
24-hour gain: 9.67 percent
Quant (QNT)
Price: $197.77
24-hour gain: 6.91 percent
Trust Wallet Token (TWT)
Price: $1.04
24-hour gain: 4.44 percent
Waves (WAVES)
Price: $3.44
24-hour gain: 4.09 percent
Top crypto losers today (October 17)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
TerraClassicUSD (USTC)
Price: $0.03741
24-hour loss: 10.68 percent
Huobi Token (HT)
Price: $6.76
24-hour loss: 10.61 percent
Ripple (XRP)
Price: $0.4681
24-hour loss: 3.34 percent
Elrond (EGLD)
Price: $55.41
24-hour loss: 2.50 percent
Filecoin (FIL)
Price: $5.11
24-hour loss: 1.80 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has outperformed the other altcoins by declining by 1.87 percent over the past week. Neither bulls nor bears are controlling the price of BTC. In such a case, there might not be any sharp moves in the price action. BTC might trade sideways for a few days between the $19,000 and $19,200 range. Since the price is fixed above the BTC’s crucial $19,000 mark, we might see BTC testing the $20,000 zone this month.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Global crypto market capitalisation fell 1.9 percent on the previous day to $919 billion. The volume of the crypto market exceeded $64 billion in the last 24 hours, which is a decrease of 23.4 percent. Bitcoin is down more than 3 percent in the last 24 hours. On the technical front, Bitcoin found immediate support near $19,135 and also broke below the 50-day moving average. The ETH/USD pair is holding the critical support level of $1,292, supported by the 50-day moving average. Above that, ETH has a good chance to show a bullish reversal, but the descending trendline will act as a barrier near $1,340. For mid-term and long-term investors, the opportunity for averaging is likely to exist for this week as well.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, "After a rollercoaster week, the crypto global market cap on Monday opened on a quieter note with an approximately 1 percent rise over the past 24 hours. Over the last week, a series of economic reports on inflation and jobs were released that showed some disappointing economic indicators that affected the market. The top ten cryptocurrencies also remained relatively flat during early Asia trading hours. Bitcoin is rallying at $19,000 while Ethereum is maintaining $1,300.”
Shivam Thakral, the CEO of BuyUCoin, said, “The overall crypto market continued its stable phase with the largest crypto, Bitcoin, holding steadily above the $19,000 mark. The second largest crypto, Ether, is exchanging hands at the $1,297 mark which is a jump of 1.24 percent from the previous day. The crypto market is emerging as a resilient force against soaring inflation numbers across the globe and growing geopolitical uncertainty. The overall crypto market cap is hovering around the $920 billion mark which is a marginal of 0.25 percent. Investors are holding onto their positions anticipating the next bull run and a lot of individuals are also using Bitcoin as a store value amidst the falling global fiat currencies. The much-expected rate hike by US Fed next month will keep investors worried in the coming weeks.”
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.