Cryptocurrency Prices on October 17: Bitcoin trades above $67,400; XRP, Dogecoin surge up to 4%
Cryptocurrency prices exhibited mixed trends on Thursday. Bitcoin (BTC) remained volatile but managed to stay above the $67,400 mark, while Ethereum (ETH) continued to hover around $2,600. Solana (SOL) and Shiba Inu experienced slight dips over the past 24 hours.
As of 11:41 pm IST, Bitcoin was up 0.6%, trading at $67,433, having earlier reached a high of $68,375. Ethereum gained 0.17%, rising to $2,623.
Among other major cryptocurrencies, BNB, XRP, Dogecoin, and Tron surged by up to 4%. Conversely, Solana, Toncoin, Cardano, Avalanche, Polkadot, and Shiba Inu fell by up to 2.5%.
“Bitcoin has stabilised around $67,500 after testing the $68,000 resistance level. With market sentiment improving, Bitcoin could be gearing up for a move towards $70,000. The next resistance for BTC is at $68,600, while support is at $66,400," said Edul Patel, CEO of Mudrex.
CoinDCX Research Team noted, «Bitcoin's price experienced a significant bullish push during the past trading day, elevating levels above $68,300. The price attempted to breach $68,400 multiple times but failed, as the shorts liquidity pool accumulates around $68,600, suggesting a potential short squeeze could occur soon.»
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