Crypto Daily News (Oct 3, 2024): Crypto Market Dips, Bitcoin Drops to $60k, Aptos Pumps 11.33%!
Shrishesh Tanksalkar3 Oct 20242 min read
Cryptocurrency Prices: Today, the cryptocurrency market fell by 2.12%, reaching a total market capitalization of $2.11 trillion. This fall coincides with escalating geopolitical tensions between Israel, Iran, and Lebanon as well as NATO member states’ involvement, which has caused a wider worldwide market collapse that has affected the cryptocurrency industry. The Fear & Greed Index, has moved to “Fear” (score of 36), indicating a shift in participants’ heightened caution.
Bitcoin Price Update: BTC Price Dips to $60k Amid ETF Activity
Over the past day, the price of Bitcoin has decreased by 0.67%, reaching $60,540.28. On October 2nd, there was a $91.76 million net flow among Bitcoin Spot ETFs, with Fidelity’s Bitcoin ETF topping the way with a $21.08 million daily net inflow. The worst-performing fund, ARK 21 Shares ETF (ARKB), suffered a daily outflow of $60.28 million. Despite the broader market decline, the total net asset ratio, which finished at 4.64%, indicated robust interest.
Wondering about BTC’s future price targets? Our Bitcoin Price Prediction answers that and much more!
Altcoin Watch: Ethereum and Altcoins Struggle to Upkeep Levels!
Ethereum price dropped by 3.35% in the last 24 hours to trade at $2,368.63. In addition, Solana (SOL) faced even steeper losses, plunging 5.29% to $138.23, while XRP tumbled by 11.15%, trading at $0.5245. The market’s sharp declines reflect the broader uncertainty surrounding global events.
Keen on the long-term price targets of ETH? Read our Ethereum Price Prediction
Top Gainers:
On the brighter side, Aptos (APT) surged 11.33% to $8.45, leading the list of top gainers, followed by Flare (FLR) with a 7.26% rise to $0.01622. Successively, Stacks (STX) also posted moderate gains, up 2.38% at $1.79.
Top Losers:
Among the worst performers, Ethena (ETHA) and Fantom (FTM) both saw significant drops of 15.51%, with XRP continuing its slide at 11.23%.
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