Cryptocurrency Price Today: Reds Dominate The Charts As Bitcoin, Ethereum Lose Steam
Cryptocurrency price on October 19 quick take: The global crypto market stood at $928.14 billion early Wednesday morning.
Bitcoin (BTC) and Ethereum (ETH), the two most-valued cryptocurrencies in the world, lose steam on Wednesday morning, registering dips in the last 24 hours. Most other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), and Solana (SOL) — landed in the reds as well. The Aave (AAVE) token managed to emerge as the biggest gainer of the lot, with a 24-hour jump of 4.50 percent. On the other hand, the Quant (QNT) token became the biggest loser, with a 24-hour dip of nearly 10 percent.
At the time of writing, the global crypto market cap stood at $928.14 billion, marking a dip of 0.88 percent in the last 24 hours, as per CoinMarketCap data.
Bitcoin (BTC) price today
Bitcoin price stood at $19,284.34, seeing a 24-hour loss of 1.41 percent, as per CoinMarketCap. As per Indian exchange WazirX, BTC price stood at Rs 16.40 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,304.02, marking a 24-hour dip of 2.24 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.11 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour dip of 0.29 percent as per CoinMarketCap data, currently priced at $0.0598. As per WazirX, Dogecoin price in India stood at Rs 5.09.
Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 0.44 percent. At the time of writing, it was priced at $51.65. LTC price in India stood at Rs 4,455.99.
Ripple (XRP) price today
XRP price stood at $0.4621, seeing a 24-hour loss of 3.27 percent. As per WazirX, Ripple price stood at Rs 39.44.
Solana (SOL) price today
Solana price stood at $30.01, marking a 24-hour loss of 3.65 percent. As per WazirX, SOL price in India stood at Rs 2,540.83.
Top crypto gainers today (October 19)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Aave (AAVE)
Price: $82.71
24-hour gain: 4.50 percent
Monero (XMR)
Price: $146.65
24-hour gain: 1.97 percent
Uniswap (UNI)
Price: $6.49
24-hour gain: 1.69 percent
Maker (MKR)
Price: $1,112.77
24-hour gain: 1.63 percent
Ravencoin (RVN)
Price: $0.03194
24-hour gain: 1.19 percent
Top crypto losers today (October 19)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Quant (QNT)
Price: $181.00
24-hour loss: 9.72 percent
EthereumPoW (ETHW)
Price: $6.46
24-hour loss: 9.39 percent
Convex Finance (CVX)
Price: $5.15
24-hour loss: 8.89 percent
Terra Classic (LUNC)
Price: $0.0002504
24-hour loss: 6.13 percent
NEAR Protocol (NEAR)
Price: $2.93
24-hour loss: 4.29 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin traded at its highest at $19,600 on Tuesday. Despite the slight decline in price today, bulls might keep targeting BTC’s key psychological level at $20,000. BTC is currently trading above the $19,200 level. If BTC fails to hold the gained initiative, we might see it drop below the current level. On the other hand, Ethereum traded higher in the past 24 hours. As both bulls and bears struggle to dominate the market, there might not be any sharp movements. But if bulls can overcome the pressure, the next target for ETH will likely be in the $1,380 region.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “BTC is currently trading at $19,416, which is slightly higher than in previous months, but not a huge jump. The coin's RSI is down in the red line at 39.89, crossing the 30-mark indicator, indicating the possibility of a bullish trend. Cardano (ADA) is making more efforts to improve its NFTs and is getting positive feedback from investors. Tron's price bounce from the support formed at $0.059 maintained an uptrend, supported by an uptrend line. Although buyers seem to be getting stronger every day, they still failed to break the horizontal resistance at $0.064. Generally, the 9-day and 21-day moving averages suggest that the bears still have the ability to dominate the market as the 9-day MA remains below the 21-day MA hunting the absence of bull run in the very short term.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, "The crypto market cap on Wednesday continued to operate sideways with lower volumes. The global market cap declined by approximately 1.5 percent over the past day. The focus of the market continues to be on interest rate hikes and which is the reason behind additional cautiousness by traders. Bitcoin was trading at around $19,200 during Asia trading hours. Ethereum continues to hold onto its $1,300 stand. Meanwhile, currencies including XRP, Cardano, and Solana saw a decline of approximately 2.5 percent.”
Shivam Thakral, the CEO of BuyUCoin, said, “The overall crypto market cap dipped by 0.70 percent to $927.08 billion. Bitcoin witnessed a slight decrease in its prices during the day trade and is trading at the $19,298 mark while Ether is exchanging hands at $1,305, seeing a dip of over 2 percent from the previous day. In the altcoin space, SOL, MATIC, DOT, and TRX remained flat with minor fluctuations in their prices. The crypto market is slightly under the pressure due to the broader sell-off in the Asian markets for profit booking. The crypto market seems to be in a consolidation mode and it will continue to remain stable till investors get some clarity on Fed’s next move to tackle high inflation. The investors will continue to hold onto their positions as they wait for the next price action across crypto assets.”
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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