Tuesday’s activity in the main cryptocurrencies increased ahead of tomorrow’s anticipated interest rate announcement from the US Federal Reserve.

At around 12:49 p.m., Ethereum, the largest peer, was up 0.44% to $1,797, while Bitcoin was down 0.18% at $34,278.

October has seen a 27% increase in bitcoin, and it is expected to end the month significantly higher than $34,000. November may experience a modest decline in order to maintain market stability, based on 2019, the year prior to the halving. The solid $33,200 level of support is what Bitcoin has to hold in order to advance. This week, the dominance of Bitcoin has somewhat decreased while Solana, Polkadot, and XRP all had daily increases.

Over the past day, the price of bitcoin has been largely stable at $34,300 as investors await the US Federal Reserve’s Wednesday interest rate decision. Bitcoin needs to break through the $34,700 barrier in order to continue rising; otherwise, it may have to look for support close to $34,000.

Over the past day, the value of the worldwide cryptocurrency market has increased by 0.37% to over $1.27 trillion.

Solana and Chainlink, two more well-known altcoins, increased by 9.9% and 5.13%, respectively. Moreover, the prices of Litecoin, Tron, Cardano, Toncoin, Polygon, Polkadot, and XRP all increased.

Currently, DeFi’s total volume is $4.17 billion, or 10.2% of the 24-hour volume of the entire cryptocurrency market. At $36.65 billion, the entire value of stablecoins represents 89.63% of the 24-hour volume of the cryptocurrency market.

The largest cryptocurrency in the world, Bitcoin, had a fall in market capitalization to $667 billion in the past day. Currently, 52.7% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC increased by 35.8% to $17.2 billion in the last day.

With Ethereum trading slightly over $1,765, Bitcoin is facing resistance over $35,000, where it registered a strong 15% weekly gain. The US jobs report and the Federal Reserve meeting are two macroeconomic events that could have an impact on the cryptocurrency market this coming week. Notwithstanding the upward trend, traders must use caution in analysing Bitcoin volatility.

Quick analysis of cryptocurrency prices on October 28: The value of the worldwide market grew to $1.27 trillion.

The oldest and most valuable cryptocurrency in the world, Bitcoin (BTC), was able to maintain its value above $34,000 early on Tuesday. According to CoinMarketCap, the market’s overall Fear & Greed Index was 72 (greed). In contrast, Ethereum (ETH) is gradually aiming for $1,800. Notable altcoins witnessed slight increases overall, including as Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC). THORChain (RUNE) subsequently emerged as the highest gainer, with a spike of more than 14% in a single day. With a 24-hour decline of more than 4 percent, Render (RNDR), on the other hand, emerged as the largest loser.

At the time of writing, the value of the entire cryptocurrency market was $1.27 trillion, an increase of 0.35 percent in a day.

Bitcoin Price Today
According to CoinMarketCap, the price of bitcoin was $34,259.87, a decrease of 0.19 percent in a day. As per the Indian exchange WazirX, the current value of Bitcoin was Rs 29.60 lakh.

Ethereum Price Today
At the time of writing, the price of ETH was $1,799.78, a 0.78 percent increase in just 24 hours. Ethereum’s price in India was Rs 1.54 lakh, according to WazirX.

Dogecoin Price Today
With a current price of $0.06922, DOGE showed a 0.65 percent gain over the course of a day, according to CoinMarketCap data. The price of Dogecoin in India was Rs 6.03, according to WazirX.

Litecoin Price Today
Litecoin gained 0.88 percent in a day. As of writing, its trade price was $68.94. The cost of LTC was Rs 5,905.01 in India.

Ripple Price Today
The price of XRP was $0.5758 after rising 3.92 percent in a day. WazirX reported that the price of ripple was Rs 49.60.

Solana Price Today
With a price gain of 9.44 percent in just one day, Solana was trading at $35.70. WazirX reports that the price of SOL in India was Rs 2,950.

Quick analysis of cryptocurrency prices on October 23: The value of the world market fell to $1.26 trillion.

The world’s oldest and most valuable cryptocurrency, Bitcoin (BTC), started to decline early on Friday morning. Well-known cryptocurrencies, including as Litecoin (LTC), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Ethereum (ETH), consistently performed poorly. Floki Inu (FLOKI) eventually emerged as the biggest gainer, achieving a gain of more than 27% in a single day. Bitcoin SV (BSV), meanwhile, saw a decline of more than 7% in a day, making it the biggest loser.

As of the time of writing, the value of the entire cryptocurrency market was $1.26 trillion, a decrease of 1.33 percent in a day.

Bitcoin Price Today
According to CoinMarketCap, the price of bitcoin was $34,088.58, down 2.10 percent in a day. As per the Indian exchange WazirX, the current value of Bitcoin was Rs 29.25 lakh.

Ethereum Price Today
At the time of writing, the price of ETH was $1,790.97, a 1.07 percent increase in just 24 hours. Ethereum’s price in India was Rs 1.53 lakh, according to WazirX.

Dogecoin Price Today
According to CoinMarketCap data, DOGE saw a decrease of 0.26 percent in a day and is currently trading at $0.07156. The price of Dogecoin in India was Rs 6.12, according to WazirX.

Litecoin Price Today
Litecoin lost 2.32 percent in a day. It was trading at $68.12 at the time this was written. The cost of LTC was Rs 5,800.01 in India.

Ripple Price Today
The price of XRP was $0.5532 after declining 0.89 percent in a day. The price of ripple was Rs 47.87, according to WazirX.

Solana Price Today
The price of Solana was $32.35, down 1.15 percent in a day. The price of SOL in India was Rs 2,798.89, according to WazirX.

October 21,cryptocurrency price in brief: The value of the world market stayed at $1.26 trillion.

The oldest and most valuable cryptocurrency in the world, Bitcoin (BTC), was able to maintain its $34,000 price throughout the weekend. Early on Monday morning, CoinMarketCap reported that the market’s Fear & Greed Index was 72 (greed). Notable altcoins witnessed slight increases across the board, including Dogecoin (DOGE), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Litecoin (LTC). Gala (GALA) went on to climb by more than 16 percent in a day, making it the top gainer. However, Maker (MKR) had a drop of more than 2 percent in just one day, making it the biggest loser.

At the time of writing, the value of the global cryptocurrency market was $1.26 trillion, indicating an increase of 0.85% over the previous 24 hours.

Bitcoin Price Today
According to CoinMarketCap, the price of bitcoin increased by 0.82 percent in a day to $34,290.95. As per the Indian exchange WazirX, the current value of Bitcoin was Rs 29.65 lakh.

Ethereum Price Today
At the time of writing, the price of ETH was $1,748.48, a 0.51 percent increase in just 24 hours. Ethereum’s price in India was Rs 1.55 lakh, according to WazirX.

Dogecoin Price Today
Currently trading at $0.06871, DOGE showed a gain of 0.49 percent over the course of a day, according to data from CoinMarketCap. The price of Dogecoin in India was Rs 5.98, according to WazirX.

Litecoin Price Today
Litecoin gained 1.24 percent in a day. Its trading price at the time of writing was $68.28. The cost of LTC was Rs 5,920.01 in India.

Ripple Price Today
The price of XRP was $0.555 after rising 2.09 percent in a day. The price of ripple was Rs 47.42, according to WazirX.

Solana Price Today
The price of solana was $32.86, up 3.57 percent in a day. WazirX reports that the price of SOL in India was Rs 2,731.

Bitcoin stayed firm, gaining roughly a percent to hover stubbornly above 34,000-levels, while Ethereum gained half a percent apiece but remained below $1,800.

On Monday, Bitcoin and other crypto currencies maintained their upward momentum in the new week. All crypto coins participated in the early trades, extending the weekend momentum. The recent crypto rally has been aided by the enthusiasm around regulatory approval of a spot bitcoin exchange-traded fund (ETF) listing.

Bitcoin maintained its strength, gaining roughly 1% and remaining strongly above the 34,000-levels. However, its greatest peer, Ethereum, saw a half-percentage-point increase but remained below the $1,800 mark. The majority of altcoins were trading at a profit.

Bitcoin maintained its position above the $34,000 mark, owing to the current bullish view for the likely approval of Bitcoin Spot ETF applications in the United States.

The ProShares Bitcoin Strategy ETF (BITO) had its second-largest trading week to date, with $1.7 billion in trading volume, while the Grayscale Bitcoin Trust (GBTC) had $800 million, potentially increasing the general market’s favourable attitude. In contrast, Ethereum’s trading value remained above $1,700.

On Monday, the bulk of the main crypto tokens were trading higher. Solana gained roughly 3%, while Chainlink and Polkadot gained 3% each. Polygon, Cardano, and XRP all climbed approximately 2% in early trading. Even dollar-pegged stablecoins increased in value.

The worldwide cryptocurrency market cap was trading much higher, reaching $1.26 trillion after increasing by around 1% in the last 24 hours. However, total trade volumes increased by more than 13% to $27.37 billion.

Bitcoin finished the week with a whopping 15% increase. Throughout the weekend, BTC remained positive while remaining below its local resistance at $35,000. The price is currently hovering around $34,300, with ETH trading slightly above the local support level of $1,765.

It’s worth mentioning that the crypto market will be heavily influenced this week by a number of macro events, including the US FOMC meeting, the monthly announcement of the US unemployment rate, US job vacancies, and the US non-farm Employment Change. These occurrences have the potential to cause volatility in the cryptocurrency market.

With hopes of renewed demand from exchange-traded funds, bitcoin continued its upward trend and hit its highest price since May of last year.

As of 8:11 a.m. (7:31 p.m. IST) on Tuesday in New York, the greatest digital asset had risen as much as 11.5% to above $35,000 before reversing some of the gain and trading at $34,605. This brings its year-to-date recovery from the 2022 digital asset collapse to 108%.

Speculative enthusiasm for the cryptocurrency is being fueled by the potential approval of the first US spot Bitcoin ETFs in the upcoming weeks. BlackRock and Fidelity Investments are two asset managers competing to provide these kinds of products. Bulls in digital assets claim that the ETFs will increase the cryptocurrency’s ubiquity.

Grayscale Investments LLC has won its battle against the US Securities and Exchange Commission to establish a spot Bitcoin exchange-traded fund (ETF) on Monday, according to a US federal appeals court.

Due to concerns about fraud and market manipulation, the SEC has thus far opposed approving exchange-traded funds (ETFs) that make direct investments in Bitcoin. The court decision and a rush of applications from major investors seeking to launch spot funds fueled rumours that the agency might give in.

MicroStrategy, a Bitcoin holder, and trading platform Coinbase Global Inc. see increases of 7.7% and 8.9%, respectively. Riot Platforms and Marathon Digital Holdings, two miners, are each up about 14% so far in the morning session.

According to analyst John Todaro of Needham, “we believe the crypto sector is coming upon an inflection point that will lead, in any of our scenarios, to increasing volatility in crypto-linked stocks,” in a note.

However, after the BlackRock Bitcoin ETF was taken off from the DTCC website and then resurfaced, the price of Bitcoin fell back to $34,000.

Tuesday saw Bitcoin reach $35,000 after roughly a year and a half. The biggest digital coin surged 20% in a week to its highest levels since May 2022, driven by hopes that the US Securities and Exchange Commission (US SEC), US stock market regulators, would approve direct investments in cryptocurrencies.

After a protracted crypto winter that began in late 2021 due to a number of failed cryptocurrency projects and a liquidity shortage in the global economy, the cryptocurrency market is still having difficulty recovering. For those who are passionate about the new-age asset class, there has been some positive news in the last week.

In the upcoming months, traders anticipated that an exchange-traded fund (ETF) would be approved by the Securities and Exchange Commission. Since a spot Bitcoin ETF would enable a larger range of investors to purchase exposure without engaging in direct trading, it is anticipated that this development would encourage larger flows into the cryptocurrency.

However, after the BlackRock Bitcoin ETF was taken off from the DTCC website and then resurfaced, the price of Bitcoin fell back to $34,000. The ETF symbol, IBTC, is sourced from the website of the Depository Trust & Clearing Corporation (DTCC).

The bullish sentiment in the cryptocurrency market drove up the value of other tokens, with Solana rising 30% in only one week and Ethereum, its biggest competitor, rising by almost 15% to over $1,800. In just one week, several altcoins including Chainlink, Mina, and Injective saw gains of 50–90%. The crypto market capitalization approached $1.3 trillion due to the general optimism in the digital token area.

According to Crypto Platform, cryptocurrency enthusiasts are getting enthusiastic about the prospect of Bitcoin (BTC) becoming widely used as a safe haven investment similar to gold in the near future.

BlackRock’s iShares Bitcoin trust got submitted and listed into the depository trust clearing corporation with the official ticker marked down as $IBTC, bringing the ETF one step closer to reality. This positive development regarding its spot ETF approval in the US has fuelled the rally.

The Depository Trust & Clearing Corporation (DTCC) website briefly removed BlackRock’s (BLK) spot Bitcoin ETF ticker, IBTC. After a few hours, the ticker was removed off the list, but not before it aroused rumours about Bitcoin ETF approvals.

Bitcoin has broken above the $31,500 mark and is now in a positive midterm zone. It is anticipated that the bullish sentiment will prevail over the adverse forces as long as the price stays above this mark. As a result, it is possible to observe further upward movement, maybe reaching the $36,000–$38,000 level.

Bitcoin is consolidating following its recent upward trend, with prices currently trading above their 50-day and 200-day exponential moving averages.

Notable is the fact that Bitcoin now controls 54% of the cryptocurrency market capitalization, a percentage not seen since April 2021. Given that the entire value of the cryptocurrency market has not yet reached a new high for the year, this suggests that there is probably a significant capital rotation to the top asset.

However, Bitcoin retraced to $34,000 following the removal and subsequent resurfacing of the BlackRock Bitcoin ETF from the DTCC’s website.

After roughly a year and a half, Bitcoin reached $35,000 on Tuesday. Expectations of approval by the US Securities and Exchange Commission (US SEC), the country’s stock market authorities, to directly invest in cryptocurrencies drove the largest digital token to increase 20% in a week, reaching its highest levels since May 2022.

The crypto market is attempting to regain ground following a prolonged crypto winter that began in late 2021 as a result of a series of crypto project failures and a liquidity bottleneck in the global economy. However, the last week offered some good news for new-age asset class fans.

Traders expected the Securities and Exchange Commission to approve exchange-traded funds (ETFs) in the coming months. The potential of a spot Bitcoin ETF is expected to drive larger cryptocurrency flows, as it would allow a broader set of investors to buy exposure without physically trading it.

However, Bitcoin retraced to $34,000 following the removal and subsequent resurfacing of the BlackRock Bitcoin ETF from the DTCC’s website. IBTC ETF ticker from the website of the Depository Trust & Clearing Corporation (DTCC).

Bitcoin has surpassed the $35,000 milestone in the last 24 hours, owing mostly to the ticker of BlackRock’s Bitcoin ETF (IBTC) being listed on the DTCC, implying SEC approval. This development pushed Bitcoin to a new yearly high due to strong market demand.

BlackRock was a major driver of this increase. Rising inflation, as well as Grayscale’s application to convert its GBTC to a spot ETF being evaluated by the SEC, may have spurred bullishness.”

The bullish sentiment in the crypto market pushed the other crypto tokens higher, with Ethereum gaining approximately 15% to reach $1,800, and Solana gaining 30% in a week. Other altcoins such as Chainlink, Mina, and Injective have increased by 50-90 percent in a week. The general excitement in the digital token field has driven the crypto market capitalization close to $1.3 trillion.

The rally has been fueled by a positive development regarding its US spot ETF approval – BlackRock’s iShares Bitcoin trust was submitted and listed into the depository trust clearing corporation with the official ticker code $IBTC, bringing the ETF one step closer to reality.

The Depository Trust & Clearing Corporation’s (DTCC) website briefly removed BlackRock’s (BLK) spot Bitcoin ETF ticker, IBTC. The ticker was relisted after a few hours, although it generated speculation about the Bitcoin ETF approvals.

Bitcoin has entered a bullish midterm zone following a breakout of the $31,500 barrier. As long as the price remains above this level, bullish sentiment is projected to outnumber bearish forces. As a result, there is a possibility of further upward movement, potentially reaching the area of $36,000 to $38,000.

Bitcoin is currently stabilising after trading above its 50-day and 200-day exponential moving averages.

It is worth noting that Bitcoin’s share of the crypto market cap has risen to 54%, a level not seen since April 2021. As the whole crypto market value has yet to reach a new high this year, this suggests that there is a strong rotation of capital to the number one crypto asset.

Bitcoin has retreated to about $34,000 today, as predicted after such a strong surge. As long as it holds $33,000, the likelihood of withdrawing $35,000 again in the near term remains strong.

Bitcoin maintained its run, fueled by hopes of new demand from exchange-traded funds, and reached its highest price since May of last year.

The largest digital asset gained as much as 11.5% to surpass $35,000 before trimming some of the gains to trade at $34,605 in New York at 8:11 a.m. (7:31 p.m. IST) on Tuesday, bringing its year-to-date recovery from 2022’s digital-asset slump to 108%.

The potential approval of the first US spot Bitcoin ETFs in the coming weeks is fueling speculation about the token. Asset managers BlackRock and Fidelity Investments are among those vying to provide such services. Bulls in digital assets say that ETFs will increase cryptocurrency usage.

On Monday, a US federal appeals court confirmed Grayscale Investments LLC’s victory over the US Securities and Exchange Commission’s objections to the creation of a spot Bitcoin ETF.

The SEC has so far refused to approve ETFs that invest directly in Bitcoin, citing dangers such as fraud and market manipulation. The court decision and a flood of applications from investing heavyweights to launch spot funds have fueled expectations that the agency may back down.

Coinbase Global Inc. and Bitcoin holder MicroStrategy are up 7.7% and 8.9%, respectively. Marathon Digital Holdings and Riot Platforms are up about 14% in the early session.

“We believe the crypto sector is approaching an inflection point that will result in increased volatility in crypto-linked stocks in any of our scenarios,” Needham analyst John Todaro wrote in a note.

Bitcoin witnessed some profit booking as it fell more than 1% but managed to retain around 34,000-levels, while Ethereum was also seen in red, slightly lower, and remained around $1,800-levels.

Bitcoin and other cryptocurrencies took a breather on Friday ahead of the weekend’s lack of events. However, a slowdown in the digital asset market was expected following a significant gain in the previous few days. Analysts expect buying enthusiasm to stay in the digital asset market in the coming days.

Bitcoin experienced some profit booking as the largest crypto asset fell more than 1% but managed to stay around 34,000 levels. However, its greatest peer, Ethereum, was also in the red, somewhat lower, and remained below the $1,800 mark. The vast majority of altcoins were trading with cuts.

The cryptocurrency market appears to be cooling off after a seven-day rise. With a score of 70/100, the crypto fear and greed index is likewise firmly into the greed zone, indicating bullish feelings among crypto investors. The broader crypto market has reacted similarly and appears to be cooling off following the rise.

In related news, Deutsche Bank and Standard Chartered’s SC Ventures are testing UDPN, a system that allows blockchain, stablecoins, and CBDCs to connect in the same way that SWIFT does in traditional banking. UDPN connects blockchains, implements digital identification standards, and allows for controlled transactions.

The bulk of popular crypto coins were trading down on Friday, with a few outliers. Polkadot fell more than 3%, while Toncoin, Polygon, and Chainlink each fell 2%. Among the gainers, Solana and BNB each gained nearly 1%, while Dogecoin rose somewhat.

The worldwide cryptocurrency market cap was trading much lower, down to $1.26 trillion, after losing more than 1% in the previous 24 hours. However, total trade volumes fell by nearly 7% to $46.88 billion.