Ethereum (ETH), the second-most valued crypto coin in the world, managed to climb above $1,500, showing signs of recovery after weeks of meltdown. The overall crypto market appears to see an upswing now, as the global cap also managed to climb above the $1 trillion mark after weeks. Elon Musk’s favourite crypto, Dogecoin (DOGE), emerged as one of the biggest gainer of the day, with a growth of nearly 16 per cent. The Klaytn (KLAY) token regained its position as the gainer after a day of weak performance.
At the time of writing, the global crypto market cap stood at $1 trillion, registering a gain of 2.34 per cent in the last 24 hours, as per CoinMarketCap data.
Bitcoin (BTC) price today
Bitcoin price stood at $20,760.74, seeing a 24-hour jump of 2.48 per cent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 17.65 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,552.25, marking a 24-hour gain of 4.46 per cent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.32 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 15.45 percent as per CoinMarketCap data, currently priced at $0.07644. As per WazirX, Dogecoin price in India stood at Rs 6.30.
Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 0.17 percent. At the time of writing, it was trading at $56.26. LTC price in India stood at Rs 4,720.02.
Ripple (XRP) price today
XRP price stood at $0.4745, seeing a 24-hour gain of 3.04 percent. As per WazirX, Ripple price stood at Rs 40.91.
Solana (SOL) price today
Solana price stood at $31.46, marking a 24-hour jump of 1.01 percent. As per WazirX, SOL price in India stood at Rs 2,690.
Top crypto gainers today (October 27)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 18.32 per cent
24-hour gain: 15.94 per cent
24-hour gain: 9.26 per cent
24-hour gain: 8.70 per cent
24-hour gain: 7.49 per cent
Top crypto losers today (October 27)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 7.42 per cent
Huobi Token (HT)
24-hour loss: 4.56 per cent
24-hour loss: 3.54 per cent
Ethereum Name Service (ENS)
24-hour loss: 2.17 per cent
24-hour loss: 1.85 per cent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Crypto-related stocks like Coinbase and MicroStrategy experienced a double-digit increase in their stock price — 13 per cent and 11.6 per cent, respectively. This sudden rally can be attributed to the change in the momentum of cryptocurrencies. Over the past three weeks, both Bitcoin and Ethereum were rigorously testing their respective support levels ($19,000 and $1,300, respectively). Currently, BTC surged above $20,700, and ETH touched $15,500. Hence, crypto maximalists are optimistic that the crypto winter will end soon.”
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market cap crossed the crucial $1 trillion mark in a long time with crypto heavyweights like Bitcoin and Ether leading the effort. Bitcoin has surged by over 8.5 per cent in the past seven days and is currently trading at the $20,724 level while the second largest crypto Ether is exchanging hands at $1,550 which is a jump of over 20 per cent in the past seven days. The other coins like MATIC, DOT, and SOL witnessed a marginal increase in their prices with SHIB surging by over 15 per cent in the last. The financial markets around the globe are showing early signs of recovery with the pound gaining strength. The central banks around the world are also hinting towards ending the long spell of strict monetary policies which will boost liquidity in the global markets 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.