Bitcoin rises above $64,000, BRETT becomes top gainer

Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, rose above $64,000 early Monday, recovering from a weekend low of $59,000. OOther popular altcoins – including Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP) and Litecoin (LTC) – consistently landed in the green at 45 (Neutral) across the Market Fear & Greed Index, according to CoinMarketCap data ) out of 100. The BRETT token became the biggest gainer with a 24-hour jump of over 18 percent. POPCAT became the biggest loser with a 24-hour loss of over 6 percent.

The global cryptocurrency market cap was $2.24 trillion at the time of writing, representing a 24-hour jump of 2.08 percent.

Bitcoin (BTC) price today

According to CoinMarketCap, Bitcoin price was at $64,274.09, representing a 24-hour jump of 2.31 percent. According to data from Indian exchanges, the BTC price was 53.02 lakh rupees.

Ethereum (ETH) price today

At the time of writing, ETH price was at $2,536.72, up 3.03 percent in 24 hours. Ethereum price in India was at Rs 2.06 lakh.

Dogecoin (DOGE) price today

According to CoinMarketCap data, DOGE recorded a 24-hour jump of 1.18 percent and is currently at $0.1127. Dogecoin price in India was at Rs 9.48.

Litecoin (LTC) price today

Litecoin recorded a 24-hour decline of 0.18 percent. At the time of writing, the transaction price was $65.73. The LTC price in India was at Rs 5,714.78.

Ripple (XRP) price today

XRP price was at $0.5387, up 0.41 percent in 24 hours. Ripple price in India was 45.29 rupees.

Solana (SOL) price today

Solana price was at $153.01, representing a 24-hour jump of 4.89 percent. The SOL price in India was at Rs 12,233.13.

Top Crypto Gainers Today (October 14)

According to CoinMarketCap data, here are the five crypto winners from the last 24 hours:

Board (based) (BOARD)

Price: $0.1141
24 hour profit: 18.69 percent

Ethena (ENA)

Price: $0.3848
24 hour profit: 17.14 percent

Worldcoin (WLD)

Price: $2.30
24 hour profit: 14.03 percent

Celestia (TIA)

Price: $6.20
24 hour profit: 11.25 percent

The Graph (GRT)

Price: $0.1762
24 hour profit: 7.56 percent

Top Crypto Losers Today (October 14)

According to CoinMarketCap data, here are the top five crypto losers in the last 24 hours:

Popcat (SOL) (POPCAT)

Price: $1.39
24 hour loss: 6.79 percent

Helium (HNT)

Price: $6.29
24 hour loss: 3.25 percent

EigenLayer (OWN)

Price: $3.62
24 hour loss: 2.33 percent

Uniswap (UNI)

Price: $7.87
24 hour loss: 2.13 percent

Aptos (APT)

Price: $10.10
24 hour loss: 1.51 percent

What crypto exchanges say about the current market scenario

Edul Patel, co-founder and CEO of Mudrex, told ABP Live: “Bitcoin recovered from the $59,000 level and traded at around $62,500 over the weekend. Other major cryptocurrencies such as Ethereum and Solana showed similar trends and stabilized after their respective recoveries. Bitcoin saw significant inflows of nearly $1 billion last week, indicating strong market sentiment. However, investors remain cautious due to ongoing tensions in the Middle East. Bitcoin support is at $61,500, resistance is now at $64,300.”

CoinSwitch Markets Desk noted: “Bitcoin overcame resistance at around $63,000 and quickly reached the 64,000 mark in early trading today as China’s Ministry of Finance promised a higher bond issuance on Saturday.” However, they did not talk about their highly anticipated fiscal stimulus , which could deter traders from entering Chinese and related stocks, which could lead to gains for other markets such as cryptocurrencies.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said: “After the higher-than-expected US inflation data in September, Bitcoin (BTC) stabilized just below $64,000. The Consumer Price Index (CPI) report showed that headline inflation was 2.4% year-on-year in September, slightly above the 2.3% forecast. Additionally, the core CPI, which excludes food and energy costs, came in at 3.3%, slightly exceeding the expected 3.2%. These numbers highlight ongoing inflationary pressures impacting market sentiment and Bitcoin’s performance as investors react to economic indicators.”

Shivam Thakral, CEO of BuyUcoin, said: “Bitcoin (BTC) is up 2.13% in the last 24 hours and is now worth $64,162. This increase is in line with Vice President Kamala Harris' recent announcement on improving AI governance, which aims to increase public trust in the technology and could have a positive impact on engagement with digital currencies. Former President Donald Trump has launched a new cryptocurrency company to position himself as a cryptocurrency advocate ahead of the election. The focus on innovation and financial independence could influence voter sentiment and shape future crypto regulations. With these advances, the future of cryptocurrencies looks bright as they become increasingly popular in political discourse.”

Avinash Shekhar, co-founder and CEO of Pi42, said: “October was a slow month for Bitcoin as prices consolidated in a narrow range. Bitcoin has regained its critical level of $60,000 and is currently trading at $62,562. However, trading volume is decreasing as lower volume is typically a signal of bearish momentum. Meanwhile, the memecoin is in turbo mode, posting double-digit gains and becoming the top-performing asset of 2024. Ethereum price continues to see significant volatility and is currently trading at $2,449. Shiba Inu is currently trading above the $0.000017 level and could slide to $0.000015 if buying pressure cannot be sustained.”

The CoinDCX research team told ABP Live: “The crypto market continues to recover following Friday’s bullish US PPI data.” A potential rally is expected given the looming US election next month and historically strong performance in the fourth quarter . BTC has broken through $64,000, setting the stage for a possible new high above $70,000 in the coming days. ETH has also started outperforming BTC since last week, with solid price action that could continue its uptrend. Key support levels for ETH include $2,330 and $2,200, while resistance levels to watch include $2,550 and $2,700.”

Subscribe and follow ABP live on Telegram: t.me/officialabplive

Disclaimer: Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for any losses arising from 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 documents and related relevant literature on the subject before making any type of investment. Cryptocurrency Market forecasts are speculative and any investment made is at the sole expense and risk of the readers.