Bitcoin (BTC) Price Today: Cryptocurrency Market Awaits US Election Results, BTC Trades Within $68,000 Range

Bitcoin (BTC), the world's oldest and most valued cryptocurrency, managed to remain stable within the $68,000 range early Tuesday.

Cryptocurrency prices today: Bitcoin remained stable within the $68,000 range on Tuesday morning, while other popular altcoins saw a mix of gains and dips. Mog Coin became the biggest gainer, while THORChain was the biggest loser for the second consecutive day.

Bitcoin price today: BTC stood at $68,648.08, registering a 24-hour loss of 0.32 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 57.92 lakh.

Among other cryptocurrencies, ETH price stood at $2,429, marking a 24-hour dip of 1.51 percent at the time of writing. Ethereum price in India stood at Rs 2.07 lakh.

DOGE registered a 24-hour gain of 10.22 percent, as per CoinMarketCap data, currently priced at $0.1635. Dogecoin price in India stood at Rs 12.66.

Litecoin saw a 24-hour jump of 0.26 percent. At the time of writing, it was trading at $66.86. LTC price in India stood at Rs 5,943.60.

XRP price stood at $0.5085, seeing a 24-hour jump of 0.73 percent. Ripple price in India stood at Rs 42.48.

Solana price stood at $160.57, marking a 24-hour loss of 0.80 percent. SOL price in India stood at Rs 13,625.79.

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

Mog Coin (up 9.24%)

Dogecoin (up 8.81%)

Shiba Inu (up 3.42%)

Ethena (up 3.17%)

Algorand (up 3.01%)

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

THORChain (down 9.69%)

Pendle (down 7.97%)

Toncoin (down 5.19%)

Kaia (down 4.82%)

Popcat (SOL) (down 3.98%)

Edul Patel, co-founder and CEO of Mudrex, told ABP Live, “Bitcoin continues to face selling pressure as uncertainty increases with only hours remaining before the U.S. election. Currently trading at $67,800, BTC has dropped nearly 7% from its high last week. Market sentiment has been impacted by factors like Trump’s declining odds, weak non-farm job data, and Mt. Gox transferring $2.2 billion in Bitcoin to unmarked wallets, leading investors to take a cautious, wait-and-see approach until election results are clear. BTC now faces resistance at $69,000, with strong support at $65,950.”

CoinSwitch Markets Desk noted, “Bitcoin dipped under $67,000 today after Mt. Gox transferred 32,000 BTC ($2.2 billion) to new wallets, part of its extended repayment plan, now set for completion by October 2025. Market volatility is already high, with U.S. election voting and the FOMC meeting this week. Still, history suggests BTC often rallies after election week, so current dips may just be noise.”

Shivam Thakral, CEO of BuyUcoin, said, “In the last 24 hours, the crypto market has been buzzing with anticipation as the U.S. presidential election approaches, with Bitcoin and Ethereum facing slight declines. However, Dogecoin has surged impressively by 7.26%, driven by renewed investor interest and positive sentiment surrounding its community. This uptick highlights a growing interest in cryptocurrencies among younger and more diverse voters, especially as candidates Kamala Harris and Donald Trump embrace pro-crypto policies. As political discussions evolve, market analysts predict that favourable election outcomes could lead to increased institutional investment and a more robust regulatory environment.”

Subscribe And Follow ABP Live On Telegram: t.me/officialabplive

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.