Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to hold on to the $34,000 mark early Tuesday, as the overall market’s Fear & Greed Index stood at 72 (greed) as per CoinMarketCap. Ethereum (ETH), on the other hand, is steadily eyeing the $1,800 mark. Popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw minor jumps across the board. THORChain (RUNE) went on to become the top gainer, with a 24-hour jump of over 14 percent. Render (RNDR), on the other hand, became the biggest loser with a 24-hour dip of over 4 percent.
The global crypto market cap stood at $1.27 trillion at the time of writing, registering a 24-hour gain of 0.35 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $34,259.87, registering a 24-hour dip of 0.19 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 29.60 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,799.78, marking a 24-hour jump of 0.78 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.54 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 0.65 percent, as per CoinMarketCap data, currently priced at $0.06922. As per WazirX, Dogecoin price in India stood at Rs 6.03.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.88 percent. At the time of writing, it was trading at $68.94. LTC price in India stood at Rs 5,905.01.
Ripple (XRP) Price Today
XRP price stood at $0.5758, seeing a 24-hour jump of 3.92 percent. As per WazirX, Ripple price stood at Rs 49.60.
Solana (SOL) Price Today
Solana price stood at $35.70, marking a 24-hour gain of 9.44 percent. As per WazirX, SOL price in India stood at Rs 2,950.
Top Crypto Gainers Today (October 31)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
THORChain (RUNE)
Price: $2.79
24-hour gain: 14.18 percent
BitTorrent(NEW) (BTT)
Price: $0.0000005062
24-hour gain: 13.37 percent
Solana (SOL)
Price: $35.78
24-hour gain: 9.27 percent
Arweave (AR)
Price: $5.69
24-hour gain: 9.01 percent
Cosmos (ATOM)
Price: $7.85
24-hour gain: 7.60 percent
Top Crypto Losers Today (October 31)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Render (RNDR)
Price: $2.46
24-hour loss: 4.31 percent
Axie Infinity (AXS)
Price: $5.60
24-hour loss: 3.97 percent
Injective (INJ)
Price: $13.53
24-hour loss: 3.91 percent
Neo (NEO)
Price: $8.96
24-hour loss: 2.89 percent
WOO Network (WOO)
Price: $0.2197
24-hour loss: 2.71 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the last 24 hours, Bitcoin has been trading around the $34,300 level as market participants await the US Federal Reserve’s forthcoming decision on interest rates to be announced on Wednesday. To sustain its bullish momentum, Bitcoin will need to surpass the $34,700 resistance level, failing which it may find support near $34,000. Interestingly, today marks the 15th anniversary of the Bitcoin whitepaper’s release, a milestone that coincides with Bitcoin’s remarkable 108 percent price increase since the commencement of 2023. Ethereum, on the other hand, has been trading around $1800.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “The crypto market has slightly pushed up in the last 24 hours, with global crypto M.Cap. rising by 0.5 percent to continue being above $1.3 trillion. The top 40 cryptos by M.Cap. seem to be in the green. BTC (+0.2 percent) seems to be consolidating within a short range of $34,000-$34,800. However, given its recent price rally, short-term BTC holders (less than 155 days) are participating in one of the strongest profit-taking events in the past couple of years. Considering the macro conditions unfolding, investors are hopeful to see a bullish trend take over.”
Rajagopal Menon, Vice President, WazirX, said, “Meme coins, notably PepeCoin, have witnessed impressive gains, doubling in value. Bitcoin, the pioneering crypto, also remains at the forefront of attention by trading near the $35,000 mark. On the other hand, Ethereum has also started its week by crossing the $1.8k mark and is maintaining its streak. This recent surge is partly attributed to growing optimism about SEC approval for the first U.S. Bitcoin ETF, potentially sparking a crypto influx.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “In October, Bitcoin’s remarkable 30 percent rise raised expectations of a long-awaited bull market in 2023. The crypto market, which held at $34,000 over the weekend, showed signs of investor greed with a Fear & Greed Index score of 72. The global crypto market capitalization reached 1, $26…
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