Bitcoin Remains Stable At $67,000, BEAM Becomes Top Gainer

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to remain stable within the $67,000 range early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds across the board as the overall Market Fear & Greed Index stood at 56 (Neutral) out of 100, as per CoinMarketCap data. The BEAM token became the biggest gainer with a 24-hour jump of nearly 4 percent. ApeCoin (APE) remained the top loser for the second consecutive day, with a 24-hour loss of nearly 15 percent. 

The global crypto market cap stood at $2.31 trillion at the time of writing, registering a 24-hour dip of 1.12 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $67,009.97, registering a 24-hour loss of 0.71 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 58.06 lakh.

Ethereum (ETH) Price Today

ETH price stood at $2,611.51, marking a 24-hour dip of 1.23 percent at the time of writing. Ethereum price in India stood at Rs 2.30 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour dip of 5.21 percent, as per CoinMarketCap data, currently priced at $0.1379. Dogecoin price in India stood at Rs 12.45.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour loss of 1.85 percent. At the time of writing, it was trading at $69.18. LTC price in India stood at Rs 6,223.45.

Ripple (XRP) Price Today

XRP price stood at $0.5295, seeing a 24-hour dip of 2.61 percent. Ripple price in India stood at Rs 46.04.

Solana (SOL) Price Today

Solana price stood at $164.65, marking a 24-hour loss of 2.12 percent. SOL price in India stood at Rs 14,312.59. 

Top Crypto Gainers Today (October 23)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Beam (BEAM)

Price: $0.01933
24-hour gain: 3.65 percent

Popcat (SOL) (POPCAT)

Price: $1.39
24-hour gain: 3.24 percent

Celestia (TIA)

Price: $5.87
24-hour gain: 2.78 percent

THORChain (RUNE)

Price: $5.17
24-hour gain: 1.92 percent

Bitget Token (BGB)

Price: $1.16
24-hour gain: 0.87 percent

Top Crypto Losers Today (October 23)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

ApeCoin (APE)

Price: $1.29
24-hour loss: 14.94 percent

dYdX (Native) (DYDX)

Price: $1.07
24-hour loss: 13.44 percent

Mog Coin (MOG)

Price: $0.000001905
24-hour loss: 12.07 percent

First Neiro On Ethereum (NEIRO)

Price: $0.001643
24-hour loss: 6.22 percent

Fantom (FTM)

Price: $0.6984
24-hour loss: 5.90 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is currently range-bound, trading at $67,200 following a round of profit-taking. The key resistance level remains at $68,000, which BTC struggles to surpass. Meanwhile, data from Binance reveals that 53% of traders are shorting Bitcoin, indicating that bearish sentiment is gaining momentum. For the bulls to regain control, Bitcoin must break through the $68,000 resistance. On the downside, BTC has strong support at $66,700, providing a safety net for now.”

CoinSwitch Markets Desk noted, “Bitcoin experienced a day of significant volatility, oscillating between bullish and bearish sentiments around the critical support level of $67,000. A decisive break below this point could see BTC testing the $65,000-$66,000 range. Conversely, a rebound here might pave the way for a higher low pattern, potentially setting the stage for an anticipated rally this October.”

Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin which is currently trading at about $67,078, may be ready for a big breakout because of the emergence of an inverted expanding triangular formation. A fresh bullish momentum can be seen by a break above the top trendline, which will boost market activity and investor confidence. The chances of any prospective rebound is still questionable, because this upward momentum is hampered by low trade volumes. Ethereum which is currently trading at about $2,610, on the other hand, has stuck at the critical 100 day EMA resistance, making its recovery to $3,000 more difficult. Further losses to $2,400 or possibly $2,200 are probable if there is weak support below $2,600. Dogecoin currently trading at above $0.13, Despite a recent pullback from local highs at $0.15, Dogecoin has seen a spike in volume, indicating renewed interest. Today on Wednesday, the total global market capitalization hit $2.32 trillion, marking a 0.68% decrease over the last day.” 

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTCUSD) is currently holding steady around the significant support level of $66,980. Its stability here is crucial for maintaining a bullish outlook. A positive push could drive prices toward initial targets of $68,050 and potentially $70,000. However, if the price drops below $66,980, we may see intraday losses, possibly testing the $65,485 mark before any recovery attempts. Today’s expected trading range is between a support level of $66,000 and resistance at $69,000, reinforcing the bullish sentiment as long as key support holds firm.”

Shivam Thakral, CEO of BuyUcoin, said, “In the last 24 hours, Bitcoin saw a slight dip of 0.56%, settling around $67,000, amid rising U.S. Treasury yields impacting riskier assets. The cryptocurrency market is still thriving, as evidenced by the impressive $2.2 billion inflow into Ethereum and Bitcoin ETFs in the last week, which suggests strong institutional interest.  This surge reflects growing confidence as investors anticipate potential bullish trends. As we look ahead, the outlook remains positive for Bitcoin and other cryptocurrencies, especially if market conditions stabilize.” 

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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.