The appointment of Rishi Sunak as the new UK Prime Minister appears to have brought a much-needed boost to cryptocurrency prices. Following the appointment of the pro-crypto Conservative party leader, the price of Bitcoin (BTC) has risen above $20,000 after weeks of weakness. Ethereum (ETH) has risen more than 10% in the last 24 hours, making him one of the biggest gainers. Other popular altcoins such as Dogecoin (DOGE) and Solana (SOL) have generally seen higher prices. The Toncoin (TON) token saw its biggest gain in the last 24 hours, gaining nearly 24%.
At the time of writing, the global cryptocurrency market cap is at $978.31 billion, up 4.95% over the past 24 hours, according to data from CoinMarketCap.
Bitcoin (BTC) Price Today
According to CoinMarketCap, the price of Bitcoin is $20,276.82, up 4.75% in 24 hours. According to Indian exchange WazirX, BTC was priced at Rs 17.26.
Ethereum (ETH) Price Today
The price of ETH is $1,487.31, up 10.42% in 24 hours at the time of writing. According to WazirX, Ethereum price in India was Rs 1.27 lakh.
Dogecoin (DOGE) price today
DOGE registered a 9.10% gain in 24 hours and is currently priced at $0.06585, according to CoinMarketCap data. According to WazirX, the price of Dogecoin in India was Rs 5.44.
Litecoin (LTC) Price Today
Litecoin rose 6.74% in 24 hours. At the time of writing, it was trading at $56.41. The price of LTC in India was Rs 4,734.01.
Ripple (XRP) Price Today
XRP price is $0.4613, up 2.84% in 24 hours. According to WazirX, Ripple was priced at Rs 39.48.
Solana (SOL) prices today
Solana’s price was $31.16, up 9.37% in 24 hours. According to WazirX, the price of SOL in India was Rs 2,551.
Top Crypto Earners Today (October 26)
According to data from CoinMarketCap, the top five crypto earners in the last 24 hours are:
Ton coin (TON)
24 hour gain: 23.55%
Lido DAO (LDO)
24 hour gain: 10.81%
24 hour gain: 10.80 percent
Ethereum Classic (ETC)
24 hour gain: 10.45%
24 hour gain: 10.44%
Cryptocurrency’s Top Losers Today (October 26)
According to CoinMarketCap data, the top five crypto losers in the last 24 hours are:
24 hour loss: 5.33%
24 hour loss: 3.84%
24 hour loss: 2.92%
24 hour loss: 2.22%
Neutrino USD (USDN)
24 hour loss: 1.36%
What Cryptocurrency Exchanges Are Saying About the Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: This momentum is likely to continue for at least the next few days. Part of this upward trend can be attributed to the election of Rishi Sunak as Prime Minister of the United Kingdom. He is a cryptocurrency advocate and his stance on digital assets could significantly change UK cryptocurrency regulation. BTC price has stagnated over the past week, after which he rose 3.74% over the next 24 hours. BTC has always tested the $19,000 support level and now he is above $20,000. Similarly, ETH has tried to break the $1,300 support level but is still strong, approaching $1,500. ”
BuyUCoin CEO Shivam Thakral said: The overall cryptocurrency market capitalization has reached $976 billion, which he jumped an impressive 5% ahead of Bitcoin and Ether. In the altcoin space, DOGE, MATIC, SOL and AVAX saw a healthy increase in price while ADA recorded double-digit growth over the last 24 hours. Institutional investors are increasing their holdings of bitcoin and other crypto assets ahead of the price surge that has sparked the recent price spike. The UK has also seen a change of leadership, with the new Prime Minister’s first positive speech on economic revitalization generating positive sentiment among the investor community. A surge in cryptocurrency company stocks such as Coinbase and Microstrategy may have contributed to the recent rally in the cryptocurrency market. ”
Disclaimer: Crypto products and NFTs are unregulated and can be very risky. You may not be able to rely on regulators for losses on such transactions. Cryptocurrencies are not legal tender and are subject to market risk. Readers are advised to seek professional advice and read the offer document and relevant material literature carefully before making any kind of investment. Cryptocurrency Market forecasts are speculative and any investment made is at the sole expense and risk of the reader.