Crypto market update: BTC breaches $64,000 mark

The top three-biggest fallers of the day are exactly the same as yesterday’s

A loose pile of bitcoin tokens with BTC 'dollars' behind them                                 
Despite a fall in volume, the price of bitcoin is rising, with four of the other top 10 cryptos also on the up – Photo: Shutterstock
                                

The price of bitcoin (BTC) ended yesterday at $64,286 after rising by 3.64% on the day, according to Currency.com. The lead cryptocurrency price now is $64,028. The volume of BTC has fallen by 5.33% over the past 24 hours.

Meanwhile, four out of the top 10 cryptos are up today on CoinMarketCap, with BTC up by 3.15%. Ethereum (ETH) is up by 1.90% to $3,863 and ripple (XRP) up by 1.15% to $1.10. Binance Coin (BNB) is down by 0.82% to $486, with Cardano (ADA) down by 1.13% to $2.10.

The two stablecoins, tether (USDT) and USD Coin (USDC), are both down. USDT is down by 0.01%, but is still priced at $1, while USDC is down by 0.02% and is also at $1.

Dogecoin (DOGE) is down as well by 0.57% to $0.24.

Biggest risers

The biggest riser of the day is OKB (OKB), just as it was yesterday by 26.52% to $22.77. According to CoinMarketCap, OKB “is a cryptocurrency released by the OK Blockchain Foundation and the Maltese crypto exchange OKEx”.

The second-biggest riser of the day is Hedera (HBAR), which has risen by 10.55% to $0.39.

HBAR, as CoinMarketCap describes it, “is the most-used, sustainable, enterprise-grade public network for the decentralised economy that allows individuals and businesses to create powerful decentralised applications (DApps)”.

The third-biggest riser of the day is Huobi Token (HT), increasing by 10.36% to $8.35.

CoinMarketCap states that HT “is the native token of the cryptocurrency exchange Huobi Global. It is a decentraliased digital asset based on the Ethereum blockchain and is ERC-20-compliant.”

Biggest fallers

The top three-biggest fallers of the day are the same as the top three from yesterday.

Flow (FLOW) is the biggest faller of the day, dropping by 9.82% to $12.68.

According to CoinMarketCap, FLOW “is a fast, decentralised, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps and the digital assets that power them”.

The second-biggest faller of the day is Perpetual Protocol (PERP), which has dropped by 6.54% to $15.46.

PERP is described by CoinMarketCap as “launched in late 2019, originally under the name of Strike Protocol. Perpetual Protocol builds on an Uniswap-inspired automated market-maker (AMM) design (constant product curve)”.

The third-biggest faller of the day is Stacks (STX), dropping by 6.19% to $2.23.

STX is “a layer-1 blockchain solution that is designed to bring smart contracts and decentralised applications (DApps) to BTC”, according to CoinMarketCap.

All prices were correct today (Wednesday 20 October) as of 10:07 BST (UTC +1).

Bitcoin to US Dollar
Daily change
56601.2
Low: 56093.2
High: 58415.7

Further reading: Crypto market update: BTC rises to $62,309

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