Crypto On Oct. 31: Bitcoin, Ether Lose Bullish Momentum

The crypto market opened on a bearish note Monday for leading cryptocurrencies Bitcoin and Ether. BTC and ETH are holding above the $20,000 and $1,500 support levels, which have been tested multiple times.

The market turned bullish last week, but the momentum did not last for a long time as the trading volume of BTC dropped 14.90%, while that of ETH dropped 25.76%. The price of BTC dipped 0.98%, while ETH was down 2.04%.

BTC and ETH tokens were priced at $20,558 and $1,587 respectively as of 1.01 a.m. ET, according to data from CoinMarketCap.

The crypto fear and greed index indicated the market was in “fear” as its value rose to 31.

BTC has jumped 6.35% in the last seven days, while ETH’s price has been up 17.85%.

Additionally, as per Bitnation’s predictions, the BTC token is expected to reach a maximum price of $36,994.36 by the year-end, while the ETH token will likely trade around $2,860.62 at the same time.

Other top 10 crypto coins were less volatile, with Binance Coin (BNB) up 1.58% to $310.65, Solana (SOL) up 1.01% to $33.14, Cardano (ADA) down 2.99% to $0.4035, Dogecoin (DOGE) down 8.56% to $0.1221 and Ripple (XRP) down 1.98% to $0.4576.

The top gainers included Chiliz (CHZ), which rose 16.63% to $0.2285; Terra Classic (LUNC), which was up 4.36% to $0.0002473; the Sandbox (SAND), which was up 10.40% to $0.8947 and Algorand (ALGO), which was up 7.47% to $0.3649.

The top losers in the crypto market were Unisawp (UNI), which was down 4.75% to $6.88; Shiba Inu (SHIB), which slipped 8.12% to $0.00001218; Ethereum Classic (ETC), which was down 4.97% to $24.27 and Filcoin (FIL), which dropped 4.88% to $5.41.

Other popular tokens that were slightly up included Polkadot (DOT), which was down 1.60% to $6.72; Avalanche (AVAX), which was down 1.11% to $18.69 and Polygon (MATIC), which dropped 2.32% to $0.909.

A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, 2021. Reuters / DADO RUVIC

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