Crypto News Today (Oct 1st, 2024): Bitcoin, Ethereum Dip, EIGEN Listed Amid Uptober Hopes?
Shrishesh Tanksalkar1 Oct 20242 min read
Cryptocurrency Prices: The global cryptocurrency market has incurred a minor pullback, falling by 0.55% in the past 24 hours, bringing the total market cap to $2.26 trillion. However, the trading activity surged with a 32.37% increase in 24-hour volume, totaling $80.77 billion. The Fear & Greed Index at 48, indicates a balanced market outlook. While Bitcoin and Ethereum sail rough winds, Eigen Layer (EIGEN) gets listed on Binance amid Uptober hopes.
BTC Struggles Below $63k Despite Japan’s Metaplanet’s Latest Buy?
The BTC price is trading at $63,737.53, down 1.18% over the past day, as it struggles to maintain its recent gains. The dip comes despite the $61.30 worth of inflows in spot Bitcoin ETFs recorded yesterday. In addition, Japan’s Metaplanet announced its purchase of 107.91 BTC.
However, Bitcoin’s trading volume has spiked by 75.58%, reflecting heightened market activity. The $64k level has become a critical zone for BTC, with traders eyeing the $65k resistance level for future breakout potential.
Keen on BTC price targets? Our Bitcoin Price Prediction answers that and much more!
Altcoins Continue to Wait for an Uptober Rally!
Ethereum (ETH) continues showing a modest gain of 0.25% to trade at $2,639.68. The coin was stable, holding strong above the $2.6k mark. Solana price saw a slight drop of 0.32%, priced at $155.58, but its overall momentum stays positive. Meanwhile, XRP took a notable hit, dropping 3.95% to $0.6187, making it one of the day’s top losers.
Curious about the long-term price targets of ETH? Read our Ethereum Price Prediction
Top Gainers: Beam (BEAM) surged by 9.67%, leading the market gainers to trade at $0.0203. Fantom (FTM) and Bonk (BONK) followed closely, with gains of 9.38% and 9.30%, respectively.
Top Losers: Jasmy Coin (JASMY) led the day’s losers with a 4.75% decline, now priced at $0.02222. Celestia (TIA) also suffered, dropping 4.59% to $5.65, and XRP’s downward trend continued with a 3.63% loss.
Stay tuned for daily updates on cryptocurrency prices and market trends.
