Crypto News Today (Oct 18th, 2024): Bitcoin Holds $67k, Altcoins Remains Steady as Market Gains
Shrishesh Tanksalkar18 Oct 20241 min read
Cryptocurrency Market Update: The cryptocurrency market is on an upward trajectory, up 1.31% in the last 24 hours, bringing the entire market capitalization to $2.33 trillion. This rebound is aided by a 3.33% increase in 24-hour trading volume, which now stands at $76.74 billion. The Fear & Greed Index measures market mood and currently stands at 58, indicating that investors are neutral. The current Bitcoin dominance is 57.68%, with Ethereum holding 13.59%. The majority of altcoins remain stable while the market produces figures.
Bitcoin Price Today:
Bitcoin (BTC) has surpassed the $67,749 level, with a 1.21% rise in the last day. Investors are upbeat, especially because Bitcoin ETFs have exceeded $20 billion in net flows, with $1.5 billion added in only the last week. This increase in investment fuels optimism for a long-term bullish aim for Bitcoin.
Keen about BTC’s future price targets? Our Bitcoin Price Prediction answers that and much more!
Altcoin Watch:
Ethereum (ETH) price has been up 0.71% in the last 24 hours, trading at $2,622.60. Solana (SOL) gained 1.06%, reaching $153.15. On the other hand, XRP (XRP) is down 1.24%, trading at $0.5468. While the majority of the altcoins have registered modest numbers, meme coins have posted remarkable gains, with BOME, MEW, and DOGE leading the gainers list.
Keen on the long-term price targets of ETH? Read our Ethereum Price Prediction
Top Gainers:
- BOME: $0.009904 (+16.61%)
- MEW: $0.009293 (+11.61%)
- Dogecoin: $0.1338 (+9.77%)
Top Losers:
- Maker: $1,206.80 (-4.05%)
- Neiro: $0.001951 (-3.09%)
- Starknet: $0.3903 (-4.52%)
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