Crypto Price Today: Bitcoin Holds Above $34,000, Stablecoins Fall With Tron, Leo

On Monday, October 30, Bitcoin’s trading price remained above the $34,000 mark (approximately Rs 28 lakh), maintaining a strong position. At the time of writing, Bitcoin was valued at $34,295 (approximately Rs 28.5 lakh). Speaking to Gadgets 360, the CoinDCX research team said that this week holds vital importance for the crypto market due to various macro events taking place in the US, including the FOMC meeting, monthly unemployment rate announcement, fresh list of job openings and Are included. US non-farm employment changes – all of which could bring volatility to the crypto market.

Ethereum posted a modest gain of 0.08 percent on Monday. This brings the value of ETH to $1,780 (approximately Rs 1.48 lakh).

“There is a noticeable split in opinions regarding the future of Bitcoin, with some expecting a potential breakthrough to overcome the $35,000 (roughly Rs. 29 lakhs) resistance level, while others expect an imminent price correction. The situation is equally interesting in the world of Ethereum. The possibility of Ethereum crossing the $1,800 (approximately Rs 1.4 lakh) level has raised hopes of a significant rally, igniting optimism among investors. Over the weekend, signs of a market recovery began to emerge as token prices surged after a brief one-day correction,” Rajagopal Menon, Vice President, WazirX, told Gadgets360.

Most cryptocurrencies are trading in profits today – ahead of the US releasing details on interest rates and unemployment rates.

These include Binance Coin, Ripple, Solana, Cardano, Dogecoin, Chainlink and Polygon.

Other cryptocurrencies that recorded profits included Polkadot, Litecoin, Avalanche, Stellar, Cosmos, Uniswap and Kronos.

The valuation of the crypto market, which rose 0.03 percent in the last 24 hours, now stands at the $1.27 trillion mark (approximately Rs 1,05,73,111 crore). coinmarketcap,

“With the momentum of gains in the crypto market, investors are recording record trading activities. The total value of money invested in Bitcoin and Ether options contracts active on the leading BTC and ETH options and futures exchange – Deribit – has increased to $20.64 billion (approximately Rs 830 crore). This number is almost equal to the peak recorded in 2021 when BTC stood at $66,000 (about Rs 54.9 lakh),” Parth Chaturvedi, investment lead at CoinSwitch Ventures, told Gadgets360.

A handful of altcoins suffered small losses today, including Tether, USD Coin, Tron, LEO, and Bitcoin SV.

Cryptocurrency is an unregulated digital currency, not legal tender and subject to market risks. The information provided in the article is not intended to constitute financial advice, trading advice or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV will not be responsible for any loss incurred from any investment based on any speculative recommendation, forecast or any other information contained in the article.

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