Bitcoin price on Tuesday, October 26 continued to rise in the cryptocurrency market. Bitcoin, which is the largest cryptocurrency in the world in terms of market capitalisation, had touched a record high of $67,139 last week, following the launch of the first Bitcoin futures exchange-traded fund (ETF) at the New York Stock Exchange. The crypto was trading at $62,737.49at the time of writing this article, which is a 0.01 per cent gain in the last 24 hours.
“Bulls are making it large as Bitcoin skyrocketed to the new all-time high of $66,999. BTC is trading in a steep uptrend and has surged almost by 64 per cent within a month. The asset faced resistance at the $67k mark and witnessed some profit bookings at these levels as the price corrected almost by 11 per cent from the peak and made the weekly low of $59,650. If the price holds the support of $59,500 then the bulls may resume the up move,” said the ZebPay Trade Desk.
Meanwhile, the global crypto market cap was soaring at $2.63 trillion on Tuesday. This was an 1.16 per cent increase over the last 24 hours, data available at CoinMarketCap showed. . The total volume of the crypto market over the last day stood at $99.69 billion, which pointed out that there was a decrease of 4.67 per cent over the course of the last 24 hours.
As per information CoinMarketCap, the total volume in DeFi was $14.81B billion, which makes up 14.86 per cent of the total crypto market volume over the ourse of the last 24 hours.
Other popular altcoins, including Ethereum and Solana, also followed similar trends like Bitcoin and soared in the last 24 hours. Ethereum, at the time of writing this article, was trading at $4,211.74. Similarly, Solana was up by 2.21 per cent over the past day. One unit of this altcoin cost $209.01 at the time of writing this article.
“Top cryptocurrencies such as Ethereum and Solana followed a similar trend (like that of Bitcoin), rising 2.39 per cent and 4.66 per cent in the past day. Following last week’s crypto rally where a record US$1.47 billion of crypto fund inflows were invested, these latest positive developments of growing institutional acceptance and progress towards mass-market adoption cement crypto’s position as a kingmaker for the future of finance,” said CoinDCX Research Team on Tuesday.
On Tuesday, Shibanomics emerged as the top gainer in the cryptocurrency market, gaining 1,178.28 per cent in the past 24 hours. Cheems and Rose Finance bagged the second and the third spot, going up by 1,044.72 per cent and 532.19 per cent over the past 24 hours respectively.
Solum was the top loser, losing around 95.09 per cent. It was followed by 100xCoin and Eden, which went down by 84.50 per cent and 79.28 per cent respectively.
Top 6 Cryptocurrency Gainers (According to data from CoinMarketCap)
Shibanomics: $0.000000296 – up by 1,178.28 per cent over last 24 hours
Cheems: $0.002865 – up by 1,044.72 per cent over last 24 hours
Rose Finance: $14.56 – up by 532.19 per cent over last 24 hours
FREEMOON: $0.00000001469 – up by 363.62 per cent over last 24 hours
Aventus: $4.41 – up by 345.44 per cent over last 24 hours
Londefy: $0.00000001026 – up by 284.39 per cent over last 24 hours
Top 6 Cryptocurrency Losers (According to data from CoinMarketCap)
Solum: $0.006682 – down by 95.09 per cent over last 24 hours
100xCoin: $0.000000001482 – down by 84.50 per cent over last 24 hours
Eden: $0.002842 – down by 79.28 per cent over last 24 hours
BitcoiNote: $0.007835 – down by 77.49 per cent over last 24 hours
Supreme Finance: $0.1431 – down by 67.40 per cent over last 24 hours
NFTeez: $0.00005286 – down by 61.48 per cent over last 24 hours
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Source: News18