Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to remain above the $20,000 mark on early Thursday morning, as most other popular altcoins landed in the greens. Crypto coins such Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and Ripple (XRP) all saw minor gains across the board. Among lesser-known altcoins, the Ethereum Name Service (ENS) token emerged to be the biggest gainer in the last 24 hours, while XDC Network (XDC) turned out to be the biggest loser.
At the time of writing, the global crypto market cap stood at $972.75 billion, marking a 0.88 percent gain in the last 24 hours, as per CoinMarketCap data.
Bitcoin (BTC) price today
Bitcoin price stood at $20,365.04, seeing a 24-hour gain of 0.86 percent, as per CoinMarketCap. As per Indian exchange WazirX, BTC price stood at Rs 17.15 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,374.86, marking a 24-hour gain of 1.40 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.15 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 1.72 percent as per CoinMarketCap data, currently priced at $0.06634. As per WazirX, Dogecoin price in India stood at Rs 5.40.
Litecoin (LTC) price today
Litecoin saw a minor 24-hour dip of 0.18 percent. At the time of writing, it was priced at $54.87. LTC price in India stood at Rs 4,689.
Ripple (XRP) price today
XRP price stood at $0.4981, seeing a 24-hour gain of 4.47 percent. As per WazirX, Ripple price stood at Rs 41.90.
Solana (SOL) price today
Solana price stood at $34.34, marking a 24-hour gain of 0.57 percent. As per WazirX, SOL price in India stood at Rs 2,799.95.
Top crypto gainers today (October 6)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Ethereum Name Service (ENS)
24-hour gain: 10.06 percent
24-hour gain: 6.66 percent
Trust Wallet Token (TWT)
24-hour gain: 6.11 percent
24-hour gain: 4.98 percent
24-hour gain: 4.63 percent
Top crypto losers today (October 6)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
XDC Network (XDC)
24-hour loss: 3.44 percent
Terra Classic (LUNC)
24-hour loss: 3.01 percent
24-hour loss: 1.49 percent
24-hour loss: 0.74 percent
Fei USD (FEI)
24-hour loss: 0.70 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin traded sideways on Wednesday as investors weighed the latest ADP’s employment data. BTC has been trading above its psychological level at $20,000 for the past two days. The major factors driving the price of BTC in the last few weeks are whale accumulation and the US dollar index rising to a 20-year high. If BTC can stay above the current level, we might see an upward growth above the $22,400 level with a change in the trendline soon.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Most of the major cryptocurrencies were down during Wednesday morning trading, with Uniswap, the biggest mover, dipping 3.38 percent to $6.52.The price of Bitcoin rose 1 percent to $20,100 in the last 24 hours. The biggest cryptocurrency bounced back above the psychologically important $20,000 level on Wednesday, having come perilously close to one-year lows below $18,500 just last week.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, “Overall, some positive movement in the world of cryptocurrency on Thursday morning during Asia trading hours. With an indication of a less aggressive tightening on inflation by the Federal Reserve, the market is slowly opening up and we could have higher gains if the trend holds. Bitcoin crossed the $20,000 mark, and Ethereum also saw some gains and is inching closer to the $1,400 mark. The global crypto market cap, while still under the $1 trillion mark, saw an increase of 1 percent over the past day.”
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto heavyweights, Bitcoin and Ethereum have gained 4.62 percent and 2.52 percent, respectively, in the past seven days which has resulted in a mini rally across crypto assets. The crypto market is also witnessing some positive news like giant investment fidelity considering offering Bitcoin to retail investors and fast food chain McDonald’s starting to accept Bitcoin and Tether as payment modes. The growth momentum in the coming weeks will depend on the macroeconomic factors surrounding the financial markets.”
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.