Cryptocurrency prices on October 28: Bitcoin rises above $68,200; Dogecoin and Polkadot jump up to 4%
Cryptocurrency markets traded higher on Monday, led by gains in Bitcoin, Dogecoin, Solana, and Dogecoin. The global cryptocurrency market cap increased by 1.53% to approximately $2.32 trillion in the last 24 hours.
At 2:07 pm IST, Bitcoin (BTC) was trading 1.7% higher at $68,218, while Ethereum rose by 1.67% to $2,507. Earlier in the day, Bitcoin briefly touched the $68,550 mark.
Among other major cryptocurrencies, BNB gained 1.5%, Solana 1.4%, Dogecoin surged 3.4%, and Avalanche increased by 1.6%. Polkadot and Litecoin also posted gains of 3.8% and 2.6%, respectively.
«Bitcoin is on an upward trend after experiencing a weekend of high volatility due to Middle East tensions. Despite this, BTC remains strong above $68,000, supported by ETF inflows totalling at $3 billion in October. With Bitcoin’s market dominance nearing 60%, momentum is likely to continue, fueled by growing interest from retail and institutional investors,» said Edul Patel, CEO of Mudrex.
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