Bitcoin (BTC), the oldest and most valued cryptocurrency on the planet, managed to carry on to the $34,000 mark early Tuesday, as the general market’s Concern & Greed Index stood at 72 (greed) as per CoinMarketCap. Ethereum (ETH), however, is steadily eyeing the $1,800 mark. Well-liked altcoins — together with the likes of Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — noticed minor jumps throughout the board. THORChain (RUNE) went on to change into the highest gainer, with a 24-hour leap of over 14 p.c. Render (RNDR), however, turned the largest loser with a 24-hour dip of over 4 p.c.
The worldwide crypto market cap stood at $1.27 trillion on the time of writing, registering a 24-hour acquire of 0.35 p.c.
Bitcoin (BTC) Price Today
Bitcoin worth stood at $34,259.87, registering a 24-hour dip of 0.19 p.c, as per CoinMarketCap. In response to Indian trade WazirX, BTC worth stood at Rs 29.60 lakh.
Ethereum (ETH) Price Today
ETH worth stood at $1,799.78, marking a 24-hour leap of 0.78 p.c on the time of writing. As per WazirX, Ethereum worth in India stood at Rs 1.54 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour acquire of 0.65 p.c, as per CoinMarketCap information, at the moment priced at $0.06922. As per WazirX, Dogecoin worth in India stood at Rs 6.03.
Litecoin (LTC) Price Today
Litecoin noticed a 24-hour acquire of 0.88 p.c. On the time of writing, it was buying and selling at $68.94. LTC worth in India stood at Rs 5,905.01.
Ripple (XRP) Price Today
XRP worth stood at $0.5758, seeing a 24-hour leap of three.92 p.c. As per WazirX, Ripple worth stood at Rs 49.60.
Solana (SOL) Price Today
Solana worth stood at $35.70, marking a 24-hour acquire of 9.44 p.c. As per WazirX, SOL worth in India stood at Rs 2,950.
Prime Crypto Gainers Today (October 31)
As per CoinMarketCap information, listed here are the highest 5 crypto gainers over the previous 24 hours:
THORChain (RUNE)
Price: $2.79
24-hour acquire: 14.18 p.c
BitTorrent(NEW) (BTT)
Price: $0.0000005062
24-hour acquire: 13.37 p.c
Solana (SOL)
Price: $35.78
24-hour acquire: 9.27 p.c
Arweave (AR)
Price: $5.69
24-hour acquire: 9.01 p.c
Cosmos (ATOM)
Price: $7.85
24-hour acquire: 7.60 p.c
Prime Crypto Losers Today (October 31)
As per CoinMarketCap information, listed here are the highest 5 crypto losers over the previous 24 hours:
Render (RNDR)
Price: $2.46
24-hour loss: 4.31 p.c
Axie Infinity (AXS)
Price: $5.60
24-hour loss: 3.97 p.c
Injective (INJ)
Price: $13.53
24-hour loss: 3.91 p.c
Neo (NEO)
Price: $8.96
24-hour loss: 2.89 p.c
WOO Community (WOO)
Price: $0.2197
24-hour loss: 2.71 p.c
What Crypto Exchanges Are Saying About Present Market Situation
Mudrex co-founder and CEO Edul Patel instructed ABP Live, “During the last 24 hours, Bitcoin has been buying and selling across the $34,300 stage as market individuals await the US Federal Reserve’s forthcoming determination on rates of interest to be introduced on Wednesday. To maintain its bullish momentum, Bitcoin might want to surpass the $34,700 resistance stage, failing which it might discover help close to $34,000. Curiously, right this moment marks the fifteenth anniversary of the Bitcoin whitepaper’s launch, a milestone that coincides with Bitcoin’s outstanding 108 p.c worth enhance because the graduation of 2023. Ethereum, however, has been buying and selling round $1800.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, mentioned, “The crypto market has barely pushed up within the final 24 hours, with international crypto M.Cap. rising by 0.5 p.c to proceed being above $1.3 trillion. The highest 40 cryptos by M.Cap. appear to be within the inexperienced. BTC (+0.2 p.c) appears to be consolidating inside a brief vary of $34,000-$34,800. Nevertheless, given its latest worth rally, short-term BTC holders (lower than 155 days) are taking part in one of many strongest profit-taking occasions prior to now couple of years. Contemplating the macro situations unfolding, traders are hopeful to see a bullish development take over.”
Rajagopal Menon, Vice President, WazirX, mentioned, “Meme cash, notably PepeCoin, have witnessed spectacular features, doubling in worth. Bitcoin, the pioneering crypto, additionally stays on the forefront of consideration by buying and selling close to the $35,000 mark. Then again, Ethereum has additionally began its week by crossing the $1.8k mark and is sustaining its streak. This latest surge is partly attributed to rising optimism about SEC approval for the primary U.S. Bitcoin ETF, probably sparking a crypto inflow.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, mentioned, “In October, Bitcoin’s outstanding 30 p.c rise raised expectations of a long-awaited bull market in 2023. The crypto market, which held at $34,000 over the weekend, confirmed indicators of investor greed with a Concern & Greed Index rating of 72. The worldwide crypto market capitalization reached 1, $26 trillion, up 0.85 p.c in 24 hours, as constructive sentiment and rising institutional curiosity performed a pivotal function. This optimism revolves across the potential approval of the Bitcoin Spot ETF in america, additional strengthened by the ProShares Bitcoin Technique ETF (BITO) and important buying and selling exercise within the Grayscale Bitcoin Belief (GBTC). Institutional curiosity in Bitcoin is rising, with Bitcoin-focused merchandise accounting for 73.3 p.c of the market and $23.2 billion in belongings beneath administration.”
Shivam Thakral, CEO of BuyUcoin, mentioned, “The renewed curiosity in digital belongings fuelled by rising variety of Bitcoin ETF functions is pumping contemporary capital within the digital asset market. The excessive risk of Bitcoin ETF approval within the US is attracting curiosity from merchants throughout the board and FOMO-driven buying and selling is choosing up tempo. The open curiosity on Bitcoin choices breached the at over $17 billion mark (as per glassnode information), exceeding the earlier peak recorded through the 2021 bull run. BTC is sitting comfortably at $34,000 stage whereas ETH is altering arms at round $1,800 mark on the time of writing.”
CoinDCX Analysis Workforce instructed ABP Live, “Within the final 24 hours, BTC has maintained its place above $34,000 mark, with ETH steadily buying and selling at $1,800. From a technical perspective, so long as BTC stays above roughly $31,000, the market sentiment retains a bullish tone. Notably, crypto funds skilled their most substantial weekly influx since July 2022, attracting over $326 million, as indicated by CoinShares information. Bitcoin-based funds took the lion’s share, securing 90 p.c of the full influx, which amounted to $296 million.”
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Disclaimer: Crypto merchandise and NFTs are unregulated and could be extremely dangerous. There could also be no regulatory recourse for any loss from such transactions. Cryptocurrency just isn’t a authorized tender and is topic to market dangers. Readers are suggested to hunt professional recommendation and skim supply doc(s) together with associated vital literature on the topic rigorously earlier than making any form of funding by any means. Cryptocurrency market predictions are speculative and any funding made shall be on the sole value and danger of the readers.