Ethereum (ETH), the world’s second most-valued cryptocurrency after Bitcoin (BTC), showed some signs of recovery after days of slump. BTC, on the other hand, managed to remain above the $19,000 mark over the festive weekend. Other popular altcoins, including the likes of Ripple (XRP), Solana (SOL), and Dogecoin (DOGE) landed in the greens on early Tuesday morning. Among lesser-known altcoins, the Terra (LUNA) token emerged to be the biggest gainer, with a 24-hour jump of nearly 10 percent.
At the time of writing, the global crypto market cap stood at $944.43 billion, marking a 2.33 percent gain in the last 24 hours, as per CoinMarketCap data.
Bitcoin (BTC) price today
Bitcoin price stood at $19,608.53, seeing a 24-hour gain of 2.45 percent, as per CoinMarketCap. As per Indian exchange WazirX, BTC price stood at Rs 16.51 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,331.13, marking a 24-hour gain of 2.95 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.11 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 1.03 percent as per CoinMarketCap data, currently priced at $0.06016. As per WazirX, Dogecoin price in India stood at Rs 4.99.
Litecoin (LTC) price today
Litecoin saw a 24-hour jump of 3.81 percent. At the time of writing, it was priced at $54.12. LTC price in India stood at Rs 4,600.
Ripple (XRP) price today
XRP price stood at $0.4565, seeing a 24-hour gain of 3.45 percent. As per WazirX, Ripple price stood at Rs 38.30.
Solana (SOL) price today
Solana price stood at $33.06, marking a 24-hour gain of 2.53 percent. As per WazirX, SOL price in India stood at Rs 2,726.01.
Top crypto gainers today (October 4)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 10.11 percent
24-hour gain: 7.27 percent
24-hour gain: 6.90 percent
24-hour gain: 6.46 percent
24-hour gain: 6.25 percent
Top crypto losers today (October 4)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Reserve Rights (RSR)
24-hour loss: 7.42 percent
24-hour loss: 2.01 percent
24-hour loss: 1.95 percent
24-hour loss: 1.21 percent
Terra Classic (LUNC)
24-hour loss: 1.07 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin rose on Monday with equities as market participants opened their risk appetite to start a new quarter. BTC managed to stay above the $19,500 level, finding some stability. If BTC can continue the gains for the day, we might see it reach $20,000 soon. The volatility in BTC has broadly increased in recent weeks as the market participants reacted to the rising inflation and fluctuations in the US dollar. Bulls may take a little more time to digest these factors and make sharp market movements.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “While Bitcoin price looks up above $19,500, Ethereum faces resistance near $1,320. The entire day looked positive as the price increase we are seeing happened in a steady manner. Notably, the TamaDoge token, which is trending, is getting listed on multiple exchanges, resulting in a price increase of 19 percent in the last 24 hours. The coins and tokens related to decentralised exchanges also saw an uptick of about 5 percent in its prices.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, “The global crypto market cap remained stable with moderate gains of 1.5 percent over the last 24 hours. October started off in the red as fear of recession played a role in pricing. Bitcoin was trading at $19,500 during Asia trading hours on Tuesday morning. Meanwhile, Ethereum crossed its resistance level of $1300 with a 2.5 percent gain in a day. The global crypto market continues to be choppy as the market is seeing increased short-term buying and selling due to macroeconomic factors.”
Shivam Thakral, the CEO of BuyUCoin, said, “The overall crypto market cap is up by 1.68 percent but still hovering below the $1-trillion mark. The world’s largest cryptocurrency Bitcoin is trading at $19,530 witnessing a jump of 1.57 percent in the last 24 hours. Ethereum also crossed the $1,300 mark after it surged by almost 1.8 percent during the 24-hour trade period. In the altcoin space, XRP, DOT, and ADA showed impressive gains with MATIC leading the effort with a surge of over 5.6 percent in the last 24 hours. The situation might change drastically as the shares of Credit Suisse slumped by 10 percent on Monday, which brings back the bitter memories of the Lehman brother’s collapse. The market is expected to react to the high inflation numbers and fiat currency fluctuations in the coming weeks.”
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.