Bitcoin, Ether See Red as Crypto Market Sentiment Remains Divided

The crypto market saw a divided sentiment on Monday, September 30, as approximately the same numbers of coins reported growth and decline.

Crypto prices today witnessed mixed trends with a nearly equal number of coins reporting losses and gains. Bitcoin price, however, reported a loss of 1.94 percent over the past 24 hours on international exchanges but is still very close to the mark of $65,000 (roughly Rs. 54.4 lakh). It was trading at a price of $64,452 (roughly Rs. 54 lakh) on Monday evening, as per CoinMarketCap. However, in India, BTC witnessed a little sharper decline of more than two percent with its value ranging on CoinSwitch and CoinDCX around $65,734 (approximately Rs. 55 lakh).

Ether price declined by 1.52 percent in the last 24 hours on global exchanges. At 7:30pm IST, CoinMarketCap showed that ETH was trading at $2,630, which is roughly Rs. 2.20 lakh. On Indian exchanges, ETH had shed about 1.20 percent to trade at $2,661 (approximately Rs. 2.23 lakh), crypto price tracker by Gadgets360 revealed.

“High positive sentiment in Bitcoin and is likely to remain the same. The BTC has set up a higher high that is actually bullish, while ETH reclaimed above the 50 EMA on the daily chart, indicating the upward momentum. The fourth quarter has, historically been the most bullish one in the cycle. This said pattern might repeat this time as well,” the CoinDCX markets team added to Gadgets360.

Tether, Cardano, Tron, Avalanche, Chainlink, and Polkadot also became a part of the losers’ list along with Bitcoin and Ether on Monday.

Other losers on the day were Stellar, Cronos, Cosmos, Polygon, and Bitcoin SV.

The aggregate value of the cryptocurrency market tanked 1.70 percent in the last 24 hours. As a result, the aggregate value of the sector has now become $2.27 trillion (approximately Rs. 1,90,20,364 crore), reports CoinMarketCap.

Other cryptocurrencies which have been able to post positive gains include Binance Coin, Solana, Ripple, Dogecoin, and Shiba Inu.

Other small profit records have been seen in Near Protocol, Leo, Dia, Dogefi, Bitcoin Hedge, and Nano Dogecoin Analysts believe the broader crypto market will recover in the coming days.