Crypto Market Today (Oct 4th, 2024): Bitcoin Stable, Altcoins Struggle Amid Growing Uncertainty!
Shrishesh Tanksalkar4 Oct 20242 min read
Cryptocurrency Prices Today: The cryptocurrency market fell by 2.12% in the past 24 hours, with its market cap now at $2.11 trillion. Additionally, trading volume decreased by 18.94%, indicating a careful attitude among investors in light of the geopolitical uncertainty. While Bitcoin price has remained stable over the previous day, major altcoins have been struggling in view of the turmoil. The Fear & Greed Index continues to remain at 36, indicating that market anxiety is increasing.
Bitcoin Price Analysis: BTC Price Steady But Caution Remains
Bitcoin price has remained largely steady over the last day, dropping about 0.10% to $61,137.70. Trading volume has decreased by 13.75% as investors get ready for potential turbulence. A significant $54.1 million withdrawal from Bitcoin spot ETFs, mostly from FBTC and ARKB, was seen on October 3. However, $35.96 million in inflows into IBIT somewhat offset this loss. Market watchers are still being cautious in the face of global tensions as they wait for more clarity.
Wondering about BTC’s future price targets? Our Bitcoin Price Prediction answers that and much more!
Altcoins Today: Ethereum Struggles as ETF Outflows Persist
Ethereum witnessed a slight plunge of 0.66%, trading at $2,376.68. On October 3, Ethereum witnessed net withdrawals of $3.2 million from spot ETFs. ETH has held its major support levels, despite the possibility that this is a transient sign of investor reluctance. Solana (SOL) faced a sharper decline, losing 2.58% and trading at $138.31, while XRP followed suit, dropping 1.99% to $0.5279.
Keen on the long-term price targets of ETH? Read our Ethereum Price Prediction
Top Crypto Gainers:
On the brighter side, FTX Token (FTT) emerged as the top gainer, surging 17.30% to $2.40. Monero (XMR) and Aave (AAVE) also posted gains of 4.78% and 4.42%, respectively.
Top Crypto Losers:
Sui (SUI) led the declines, plummeting by 12.84%, followed by Bonk (BONK) and Conflux (CFX), which dropped by 10.63% and 10.14%, respectively.
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