The price of bitcoin continued to rise on Tuesday, October 26 cryptocurrency Market. Bitcoin, the world’s largest cryptocurrency by market capitalization, touched a record high of $67,139 since its first launch last week. Bitcoin Futures exchange-traded fund (ETF) on the New York Stock Exchange. The cryptocurrency was trading at $62,737.49 at the time of writing this article, a gain of 0.01 percent over the past 24 hours.
“The bulls are making it big as bitcoin hits a new all-time high of $66,999. BTC is trading sharply upwards and is up almost 64 percent within a month. The asset is trading at the $67k mark. Resistance was encountered and some profit booking was seen at these levels as the price corrected almost 11 percent from the peak and reached a weekly low of $59,650. If the price holds the $59,500 support, the bulls could rally upwards again. We can start moving forward,” ZebPay Trade Desk said.
Meanwhile, the global crypto market capitalization was soaring on Tuesday at $2.63 trillion. Data available on CoinMarketCap shows that this was an increase of 1.16 percent over the past 24 hours. . The total volume of the cryptocurrency market on the previous day stood at $99.69 billion, indicating a 4.67 percent decrease over the past 24 hours.
According to information from CoinMarketCap, the total volume of DeFi was $14.81B billion, which is 14.86 percent of the total crypto market volume in the last 24 hours.
Other popular altcoins, including Ethereum and Solana, also followed the same trend as Bitcoin and surged over the past 24 hours. At the time of writing this article, Ethereum was trading at $4,211.74. Similarly, Solana gained 2.21 per cent over the previous day. At the time of writing this article the price of one unit of this altcoin is $209.01.
“Top cryptocurrencies such as Ethereum and Solana followed a similar trend (such as Bitcoin), rising 2.39 percent and 4.66 percent on the previous day. Following last week’s crypto rally where crypto fund inflows hit a record US$1.47 billion. These latest positive developments toward institutional acceptance and mass market adoption cement crypto’s position as the kingmaker for the future of finance,” the CoinDCX research team said on Tuesday.
On Tuesday, Shibanomics emerged as the top gainer in the cryptocurrency market with a gain of 1,178.28 per cent over the past 24 hours. Chimes and Rose Finance secured the second and third positions with gains of 1,044.72 per cent and 532.19 per cent, respectively, in the last 24 hours.
Solam was the top loser with a fall of around 95.09 per cent. It was followed by 100xCoin and Eden, which went down 84.50 percent and 79.28 percent, respectively.
Top 6 Cryptocurrency Gainers (According to CoinMarketCap Data)
Shibanomics: $0.000000296 – 1,178.28 percent increase over the last 24 hours
chimes: $0.002865 – 1,044.72 percent increase over the last 24 hours
Rose Finance: $14.56 – 532.19 percent increase over the last 24 hours
freemoon: $0.00000001469 – increase of 363.62 percent over the last 24 hours
aventus: $4.41 – 345.44 percent increase over the last 24 hours
londefy: $0.00000001026 – 284.39 percent increase over the last 24 hours
Top 6 Crypto Losers (According to CoinMarketCap Data)
Down: $0.006682 – 95.09 percent down in the last 24 hours
100xcoin: $0.0000000001482 – 84.50 percent down in the last 24 hours
eden: $0.002842 – 79.28 percent down in the last 24 hours
Bitcoin Note: $0.007835 – 77.49 percent decrease in last 24 hours
supreme finance: $0.1431 – 67.40 percent down in the last 24 hours
nftz: $0.00005286 – 61.48 percent down in the last 24 hours
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