Quick analysis of cryptocurrency prices on October 16: The value of the world market fell to $1.25 trillion.
After breaking through the $34,000 barrier yesterday, Bitcoin (BTC) was able to maintain its new high early on Wednesday morning. Nevertheless, Ethereum (ETH) dropped below $1,800 and is now trading at $1,700. Following an abrupt surge, coin prices typically experience a period of decline. As a result, the majority of well-known cryptocurrencies had slight declines overall, including Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC). After falling more than 7% in a day, Memecoin Pepe (PEPE), the cryptocurrency that had gained the most on Tuesday, turned out to be the greatest loser of all. Conversely, the MINA token emerged as the largest gainer, exhibiting a staggering 24-hour surge of more than 50 percent.
The value of the world’s cryptocurrency market was $1.25 trillion at the time of writing, a 1.67 percent decrease in a day.
Bitcoin Price Today
According to CoinMarketCap, the price of bitcoin was $34,016.72, down 1.40 percent in a day. As per the Indian exchange WazirX, the current value of Bitcoin was Rs 28.59 lakh.
Ethereum Price Today
As of this writing, the price of ETH was $1,788.11, down 1.78 percent in the last 24 hours. Ethereum’s price in India was Rs 1.51 lakh, according to WazirX.
Dogecoin Price Today
According to CoinMarketCap data, DOGE saw a 3.09 percent 24-hour decline, with its current price being $0.06612. The price of Dogecoin in India was Rs 5.57, according to WazirX.
Litecoin Price Today
Litecoin lost 2.09 percent in a day. When this was written, the price was trading at $69.67. The cost of LTC was Rs 5,856.75 in India.
Ripple Price Today
The price of XRP was $0.5537 after rising 0.78 percent in a day. The price of ripple was Rs 46.76, according to WazirX.
Solana Price Today
The price of Solana was $31.03, down 1.81 percent on a day. The price of SOL in India was Rs 2,722.95, according to WazirX.