Crypto market update: BTC bounces back to $62,000

Apart from the two stablecoins, the top ten cryptos are mostly up today

A pile of bitcoin tokens in front of a data chart                                 
The volume of bitcoin has risen over the past 24 hours by more than 27% – Photo:Shutterstock
                                

The price of bitcoin (BTC) ended yesterday at $60,853 after falling 0.72% on the day, according to Currency.com. The lead cryptocurrency price now is $62,667.

The volume of BTC has increased by 27.76% over the past 24 hours. Out of the top ten cryptos on CoinMarketCap today, seven are up and three are down with BTC up by 2.95%.

Ethereum (ETH) is up by 0.75% to $4,129, binance coin (BNB) is up 0.90% to $482 and cardano (ADA) is up 0.17% to $2.15.

Ripple (XRP) is up by 0.17% to $1.09 and dogecoin (DOGE) is up 5.92% to $0.26.

Both stablecoins tether (USDT) and USD Coin (USDC) are down. USDT is down by 0.05% to $0.99 and USDC is down by 0.07% also to $0.99.

Biggest risers

The biggest riser of the day is Curve DAO Token (CRV) by 12.81% to $4.16. According to CoinMarketCap CRV’s founder is “Michael Egorov, a Russian scientist who has various experience with cryptocurrency-related enterprises”.

The second-biggest riser of the day is The Graph (GRT) which has risen by 8.58% to $1.02. GRT as CoinMarketCap describes it as “an indexing protocol for querying data for networks like Ethereum”, which is used for ”powering many applications in both decentralised finance (DeFi) and the broader Web3 Ecosystem”.

The third-biggest riser of the day is KuCoin Token (KCS), increasing by 7.77% to $16.85. CoinMarketCap states that KCS “is the native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange”.

Biggest fallers

Zcash (ZEC) is the biggest faller of the day, dropping by 7.75% to $173. ZEC is, according to CoinMarketCap, “a decentralised cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions”.

The second-biggest faller of the day is dYdX (DYDX), which has dropped by 7.08% to $18.04. DYDX is described by CoinMarketCap as “a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol”.

The third-biggest faller of the day is EOS (EOS), which has experienced a drop of 5.13% to $4.80. EOS “is a platform that’s designed to allow developers to build decentralised apps (otherwise known as DApps for short)”, CoinMarketCap states.

All prices were correct today (Monday 25 October) as of 11:58 BST (UTC +1).

Bitcoin to US Dollar
Daily change
57044.9
Low: 55997.5
High: 57338.9

Further reading: Crypto Market Update: Pullback brought BTC back to $63k

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