Bitcoin gained 0.91% today, Thursday, October 5, to trade at $27,680. This represents the third day in a row that Bitcoin has traded in the $27,000 range. The value of Bitcoin has risen by $277 according to market experts.
“Bitcoin’s gains come on the heels of a market calm following Monday’s sharp rally, easing traditional market headwinds,” Rajagopal Menon, vice president of WazirX, told Gadgets 360.
Ethereum joined Bitcoin on the profitable side of the cryptocurrency chart on Thursday, with ETH currently trading at $1,643, after seeing a meager gain of 0.8%, in the past 24 hours, and the price of ETH rose by only $3.
Other cryptocurrencies recording gains today include Binance Coin, Cardano, Dogecoin, Polygon, Litecoin, and Shiba Inu.
The overall cryptocurrency market valuation rose 0.74% over the past 24 hours to reach $1.09 trillion, according to CoinMarketCap.
A notable number of cryptocurrencies saw losses today, and these include Tether, Ripple, USD Coin, Solana, Tron, Polkadot, and Bitcoin Cash.