Cryptocurrency Price Today: Bitcoin Breaches $20,000 Mark For The First Time In October
Cryptocurrency price on October 5 quick take: The global crypto market cap stood at $964.15 billion on Wednesday morning.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $20,000 mark for the first time this month. Ethereum (ETH), on the other hand, appears to remain stable within the $1,300 range. Dogecoin (DOGE) saw a 24-hour jump of nearly 8 percent, becoming the third-biggest gainer among all crypto coins. The Convex Finance (CVX) token emerged to be the biggest gainer of the day, while the Reserve Rights (RSR) token became the biggest loser in the last 24 hours.
At the time of writing, the global crypto market cap stood at $964.15 billion, marking a 2.15 percent gain in the last 24 hours, as per CoinMarketCap data.
Bitcoin (BTC) price today
Bitcoin price stood at $20,213.75, seeing a 24-hour gain of 3.31 percent, as per CoinMarketCap. As per Indian exchange WazirX, BTC price stood at Rs 16.85 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,354.16, marking a 24-hour gain of 2 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.13 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 7.96 percent as per CoinMarketCap data, currently priced at $0.06503. As per WazirX, Dogecoin price in India stood at Rs 5.30.
Litecoin (LTC) price today
Litecoin saw a 24-hour jump of 1.14 percent. At the time of writing, it was priced at $54.94. LTC price in India stood at Rs 4,699.
Ripple (XRP) price today
XRP price stood at $0.4762, seeing a 24-hour gain of 4.48 percent. As per WazirX, Ripple price stood at Rs 40.08.
Solana (SOL) price today
Solana price stood at $34.11, marking a 24-hour gain of 3.03 percent. As per WazirX, SOL price in India stood at Rs 2,815.
Top crypto gainers today (October 5)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Convex Finance (CVX)
Price: $5.37
24-hour gain: 9.41 percent
Helium (HNT)
Price: $5.31
24-hour gain: 9.16 percent
Dogecoin (DOGE)
Price: $0.06501
24-hour gain: 7.85 percent
Terra (LUNA)
Price: $2.59
24-hour gain: 5.97 percent
Bitcoin Cash (BCH)
Price: $122.30
24-hour gain: 5.14 percent
Top crypto losers today (October 5)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Reserve Rights (RSR)
Price: $0.009147
24-hour loss: 3.95 percent
UNUS SED LEO (LEO)
Price: $4.15
24-hour loss: 1.61 percent
Chiliz (CHZ)
Price: $0.2163
24-hour loss: 1.22 percent
Ravencoin (RVN)
Price: $0.03538
24-hour loss: 0.38 percent
Pax Dollar (USDP)
Price: $1
24-hour loss: 0.30 percent
What crypto exchanges are saying about the current market scenario
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “This week started off pretty stable for the highly volatile crypto ecosystem. Tuesday ended on a good note with approximately 95 percent of the coins and tokens ending up in the green zone. The volatility seen was between 2-5 percent on average. It’s too early to call it the calm before the storm, but the upcoming recession is one of the factors affecting the global crypto market. On the brighter side, Bitcoin crossed the $20,000 mark and is expected to go much higher during the week. After the highly talked Ethereum merger, Ethereum-based coins and tokens are holding much better than expectations. The high-trending coin for the upcoming days is expected to be DAO AAVE, as the community is leaning towards the deployment of a fresh v3 version on Ethereum rather than updating the previous one. This might lead the AAVE to have higher volatility.”
Shivam Thakral, the CEO of BuyUCoin, said, “Bitcoin has crossed the $20,000 mark for the first time in October and is currently trading at $20,212 which is a jump of over 8 percent in the past seven days. Ethereum also showed an impressive gain of over 5 percent in the past seven days and is currently hovering around the $1,357 mark. Popular meme coin DOGE has rallied 8 percent with SHIB, MATIC, and SOL witnessing significant growth between 3-4 percent. The overall crypto market surged by 2.42 percent and is inching towards the $1-trillion mark. The United Nations agency warned the Federal Reserve and other central banks over the tightening of monetary policies as it may lead to stagnation and economic downturn. The move by United Nations may help the financial markets and crypto market recover from the current bearish phase. The Bank of England reduced the interest rates recently and it is expected that other central banks around the world will follow the same to support economic growth.”
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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