Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, remained below the $27,000 threshold early Friday. Popular altcoins — including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw gains across the board. The Compound (COMP) token emerged as the biggest gainer, with a 24-hour increase of over 18 percent. Gate Token (GT) experienced the largest dip, with a 24-hour decline of nearly 4 percent.
The global Market cap of cryptocurrencies stood at $1.07 trillion at the time of writing, showing a 24-hour gain of 2.10 percent.
Bitcoin (BTC) Price Today
The price of Bitcoin stood at $26,958.51, registering a 24-hour gain of 2.29 percent, as per CoinMarketCap. According to Indian exchange WazirX, the BTC price was at Rs 22.82 lakh.
Ethereum (ETH) Price Today
The price of ETH stood at $1,651.82, marking a 24-hour gain of 2.85 percent at the time of writing. As per WazirX, the Ethereum price in India Stood at Rs 1.40 lakh.
Dogecoin (DOGE) Price Today
DOGE recorded a 24-hour increase of 1.66 percent, as per CoinMarketCap data, currently priced at $0.06149. As per WazirX, the Dogecoin price in India stood at Rs 5.30.
Litecoin (LTC) Price Today
Litecoin witnessed a 24-hour gain of 2.89 percent. At the time of writing, it was trading at $65.12. The LTC price in India stood at Rs 5,572.47.
Ripple (XRP) Price Today
The price of XRP stood at $0.5094, experiencing a 24-hour increase of 2.28 percent. As per WazirX, the Ripple price in India stood at Rs 43.20.
Solana (SOL) Price Today
The Solana price stood at $20.15, marking a 24-hour gain of 5.17 percent. As per WazirX, the SOL price in India stood at Rs 1,720.
Top Crypto Gainers Today (September 29)
According to CoinMarketCap data, here are the top five cryptocurrency gainers over the past 24 hours:
Compound (COMP)
Price: $48.55
24-hour gain: 18.07 percent
ApeCoin (APE)
Price: $1.25
24-hour gain: 11.96 percent
THORChain (RUNE)
Price: $1.92
24-hour gain: 10.48 percent
Lido DAO (LDO)
Price: $1.62
24-hour gain: 9.61 percent
Arbitrum (ARB)
Price: $0.8926
24-hour gain: 8.81 percent
Top Crypto Losers Today (September 29)
According to CoinMarketCap data, here are the top five cryptocurrency losers over the past 24 hours:
GateToken (GT)
Price: $3.71
24-hour loss: 3.60 percent
Terra Classic (LUNC)
Price: $0.00006318
24-hour loss: 2.48 percent
Monero (XMR)
Price: $145.36
24-hour loss: 1.01 percent
XDC Network (XDC)
Price: $0.04927
24-hour loss: 0.67 percent
PAX Gold (PAXG)
Price: $1,872.70
24-hour loss: 0.39 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Edul Patel, the co-founder and CEO of Mudrex, told ABP Live, “The price of Bitcoin witnessed a significant surge today, surpassing the $27,200 level before consolidating above $26,900. This upward price movement may be attributed to investment manager Valkyrie Funds LLC obtaining regulatory approval from the Securities and Exchange Commission (SEC) to introduce Ethereum futures to their existing Bitcoin futures exchange-traded fund. This price action coincided with a modest recovery in US stocks as the 10-year Treasury yield retreated from a 16-year high. Furthermore, Ethereum has maintained its trading position around $1,650. Additionally, VanEck has filed paperwork for its own Ethereum futures-based ETF, joining the already submitted applications for Ether ETFs by Grayscale, ProShares, and Bitwise.”
Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said, “The crypto market has experienced positive price action in the last 24 hours. According to CoinGecko, the global crypto market cap has increased by 1.9 percent and currently stands over $1.1 trillion. The crypto fear and greed index has returned to the neutral zone with a score of 48/100. The slight rebound in the crypto market aligns with the rebound in larger markets, as the 10-year Treasury yield pulled back from its 16-year high and oil retreated from a 2023 high.”
Rajagopal Menon, Vice President at WazirX, said, “The recognition of Bitcoin’s status in Shanghai has played a crucial role in boosting the token’s value. Additionally, market participants are eagerly awaiting the introduction of Ethereum exchange-traded funds (ETFs), which has contributed to the observed increase in the price of ETH.”
The CoinDCX Research Team informed ABP Live, “In the past day, Bitcoin has increased by 2.5 percent and is currently valued at $26,900. Ether has also risen by 2.8 percent in the same timeframe, reaching $1,650. Bitcoin surpassed the $27,000 mark due to several factors, including a rise in stock markets and upcoming options expiring on Friday, coupled with reduced overall economic pressures. It’s worth noting that the SEC has postponed its decision on Bitcoin ETFs from Blackrock, Bitwise, Invesco, and Valkyrie. These delays occurred two weeks ahead of the expected deadline of October 16–19.”
Subscribe And Follow ABP Live On Telegram: t.me/officialabplive
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.
