Cryptocurrency price today: Bitcoin fails to break above $20,000, USTC becomes top gainer

Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, failed to break above $20,000 over the weekend as the entire crypto market saw minor price moves across the board. Popular altcoins, including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and Ripple (XRP), saw marginal gains across the board. TerraClassicUSD (USTC) token turned out to be the biggest gainer over the past 24 hours, jumping 13 percent. The token Toncoin (TON), on the other hand, became the biggest loser.

At the time of writing, the global crypto market cap was $943.71 billion, up 0.71 percent over the past 24 hours, according to data from CoinMarketCap.

Bitcoin (BTC) price today

Bitcoin price stood at $19,448.02 and posted a 24-hour gain of 0.49 percent, according to CoinMarketCap. According to Indian exchange WazirX, the BTC price was at 16.45 rupees.

Ethereum (ETH) price today

ETH price was at $1,323.27, a 24-hour jump of 1.05 percent at the time of writing. According to WazirX, Ethereum price in India was Rs 1.12 lakhs.

Dogecoin (DOGE) price today

DOGE posted a 24-hour gain of 1.32 percent, currently at $0.06228, according to CoinMarketCap data. According to WazirX, Dogecoin price in India was 5.16 rupees.

Litecoin (LTC) price today

Litecoin posted a 24-hour gain of 2.25 percent. At the time of writing, the price was $54.04. The LTC price in India stood at Rs 4,615.

Ripple (XRP) price today

XRP price was at $0.5307, a 24-hour gain of 3.88 percent. According to WazirX, Ripple price was 44.90 rupees.

Solana (SOL) rate today

Solana price was at $33.04 for a 24-hour gain of 1.67 percent. According to WazirX, the SOL price in India was 2,730 rupees.

Top Crypto Winners Today (October 10th)

According to CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

TerraClassicUSD (USTC)

Price: $0.03311
24-hour gain: 13 percent

Huobi Token (HT)

Price: $4.47
24-hour gain: 7.04 percent

Manufacturer (MKR)

Price: $915.45
24-hour gain: 5.56 percent

THOR Chain (RUNE)

Price: $1.63
24-hour gain: 4.91 percent

Ethereum Name Service (ENS)

Price: $17.87
24-hour gain: 4.24 percent

Top Crypto Losers Today (October 10th)

According to CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Tone coin (TON)

Price: $1.31
24-hour loss: 1.90 percent

Convex Finance (CVX)

Price: $5.44
24-hour loss: 1.85 percent

Monero (XMR)

Price: $145.22
24-hour loss: 1.54 percent

Helium (HNT)

Price: $4.58
24-hour loss: 1.27 percent

United Nations (UN)

Price: $15.56
24-hour loss: 0.79 percent

What crypto exchanges are saying about the current market scenario

Edul Patel, co-founder and CEO of Mudrex, told ABP Live, “Bitcoin traded flat over the weekend as bears continued to pressure the market. BTC has been trading sideways since collapsing a few days ago. Over the past month, BTC has gained almost 1 percent in value. If the buyers can keep the initiative won, we could soon see BTC trading above the $19,600 zone. But if buyers lose control of $19,000, expect a sharp pullback. On the other hand, Ethereum changed hands above the $1,300 level. Ethereum price is attempting to recover from its trendline support. It is likely that the price may consolidate for a few more sessions. ETH support now stands at $1,230 while resistance stands at $1,400.”

Sathvik Vishwanath, CEO and co-founder of Unocoin said: “Notably, XRP is currently trading at $0.4897, down 1.26 percent over the past 24 hours. However, XRP’s prospects continue to rise as the asset’s developer, Ripple Labs, files a securities case with the Securities and Exchange Commission (SEC). The company scored a major victory last week after a judge ordered the SEC to release key documents containing comments from a former SEC director. BNB is trading at $283.91, downtrending 3.58 percent over the past 24 hours. Despite the decline, BNB stands comparatively stable and strong compared to other crypto assets.”

WeTrade founder Prashant Kumar also commented on the market scenario: “Crypto market cap showed conservative gains of less than 1 percent during Asian trading hours on Monday morning. On Friday, the U.S. jobs report showed a modest drop in the jobless rate, which fell from 3.7 percent to 3.5 percent, showing that the rate hike would remain high and thus impact the crypto market. The crypto market, including the two most important cryptocurrencies, however, shows a stable movement. Bitcoin continues to remain below $20,000 while Ethereum holds its position and trades above $1,300.”

BuyUCoin CEO Shivam Thakral said: “Total crypto market cap is hovering around $945 billion, a marginal jump of 0.8 percent over the past 24 hours. Bitcoin sat on a wafer of this $20,000 support but lost it over the weekend to trade at $19,475, while Ethereum is trading around $1,325, up a healthy 1.19 percent jump over the past 24 hours. Other coins like SOL, DOGE, MATIC and TRON remained unchanged with slight fluctuations in their values. The outages on the Solana network and BNB chain wreaked havoc on the crypto market as they exposed critical operational loopholes. Ongoing economic pressures, geopolitical uncertainty and the hawkish stance of central banks around the world will keep investors on their toes in the coming weeks.”

Disclaimer: Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for losses on such transactions. Cryptocurrency is not legal tender and is subject to market risks. Readers are advised to seek professional advice and carefully read the offering document(s) and relevant key literature on the subject before making any type of investment. Cryptocurrency market predictions are speculative and any investment made is at the sole expense and risk of the readers.

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