Ethereum (ETH), the world’s second most-valued cryptocurrency after Bitcoin (BTC), dipped below the $1,300 mark, losing the gain streak it saw over the past couple of days. BTC itself saw a minor dip of over 1 percent in the last 24 hours. Other popular altcoins — including the likes of Dogecoin (DOGE), Solana (SOL), and Ripple (XRP) — landed in the reds across the board. TerraClassicUSD (USTC) emerged to be the biggest gainer, with a 24-hour jump of nearly 14 percent. The Casper (CSPR) token, on the other hand, became the biggest loser.
At the time of writing, the global crypto market cap stood at $914.59 billion, marking a dip of 1.41 percent in the last 24 hours, as per CoinMarketCap data.
Bitcoin (BTC) price today
Bitcoin price stood at $19,051.39, seeing a 24-hour dip of 1.19 percent, as per CoinMarketCap. As per Indian exchange WazirX, BTC price stood at Rs 16.38 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,281.17, marking a 24-hour dip of 1.77 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 0.66 percent as per CoinMarketCap data, currently priced at $0.05944. As per WazirX, Dogecoin price in India stood at Rs 5.06.
Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 0.51 percent. At the time of writing, it was trading at $51.33. LTC price in India stood at Rs 4,381.
Ripple (XRP) price today
XRP price stood at $0.4592, seeing a 24-hour loss of 0.45 percent. As per WazirX, Ripple price stood at Rs 38.75.
Solana (SOL) price today
Solana price stood at $29.07, marking a 24-hour loss of 3.16 percent. As per WazirX, SOL price in India stood at Rs 2,475.
Top crypto gainers today (October 20)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 13.95 percent
24-hour gain: 9.86 percent
24-hour gain: 8.04 percent
24-hour gain: 1.54 percent
Trust Wallet Token (TWT)
24-hour gain: 1.22 percent
Top crypto losers today (October 20)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 9.99 percent
Axie Infinity (AXS)
24-hour loss: 8.63 percent
24-hour loss: 7.41 percent
24-hour loss: 6.00 percent
24-hour loss: 5.71 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has been changing hands just above the $19,000 level. The price of BTC is range-bound and is unable to figure out a clear direction as bulls and bears are struggling to dominate the market. There are chances that bears might attempt to challenge the immediate support at $18,843. However, the first sign of strength may attract further buying towards the $20,500 level.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “MKR, a well-known token attempting to promote decentralised organisations, is up about 3 percent in the last 24 hours as MKR enthusiasts are excited about the recent protocol vote to allocate $500 million to US Treasuries and corporate bonds. UNI is currently trading at $6.52, representing a price pump of 3.82 percent in the last 24 hours. BTC/USD hovering at $19,000 after falling steadily overnight. The pair was still stuck in a tight range, offering little stimulus to traders looking for profitable short-term plays, while some sources said overall current levels represent solid buying levels.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, “October continues to be choppy for the crypto market cap as Thursday saw the markets continue to be in the red even though there has been some increase in trading volumes. Bitcoin and Ethereum have seen an approximately 1.5 percent loss over 24 hours. Stablecoins showed no change meanwhile memecoins showed a mixed performance. Investors should continue having patience as the market goes through its cycle.”
Shivam Thakral, the CEO of BuyUCoin, said, “The overall crypto market cap fell by 1.24 percent and is currently hovering around the $916 billion mark. The largest crypto, Bitcoin, is sitting on wafer-thin support at the $19,000 mark, which it has been holding for the past few weeks. Ether is facing some heat due to the broader sell-off in the Asian markets and lost the key support at the $1,300 level. Ether is exchanging hands at the $1,280.91 mark, while Bitcoin is trading at $19,039.15. In the altcoin space, AVAX, TRX, and MATIC showed marginal fluctuation in their prices with UNI leading the effort with over a 10 percent surge in the past seven days. The United Kingdom has reported its highest inflation number in 40 years which is making the financial markets jittery and investors are being cautious with their investment decisions. High inflation means central banks will go ahead with more rate hikes to cool down inflation numbers and financial markets will continue to be under pressure due to the tightening of monetary policies.”
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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