Crypto News Today (Oct 24th, 2024): Bitcoin Price Stays at $67k, SAFE Becomes Top Gainer
Shrishesh Tanksalkar25 Oct 20242 min read
Crypto Price Today (Oct 25, 2024): Today’s crypto market experienced minor fluctuations, with the global market cap dipping 0.25% to $2.31 trillion, while 24-hour trading volume plummeted by 12.96% to $72.69 billion. The market sentiment remains cautious, as reflected by a Fear & Greed Index reading of 56, marking a neutral outlook among traders.
Bitcoin Holds Strong with ETF Inflows?
Bitcoin showed little growth, rising 0.51% to $67,688.20 over the past 24 hours, while its dominance in the market rose to 57.96%. This stability could be catalyzed by Bitcoin ETF inflows of $188.11 million. Despite lower trading volumes (-12.81%), Bitcoin continues to strengthen its position, with investors watching closely for potential upward momentum amid ETF-related optimism.
Curious about BTC’s future price? Our Bitcoin Price Prediction answers that and much more!
Altcoin Highlights: Ethereum, Solana, and XRP
Ethereum fell 2.41% to $2,492.31, despite $2.3 million in ETF inflows. Meanwhile, Solana’s price rose 0.30% to $173.62 on recent statements from its co-founder implying plans to add Ethereum-like executive levels. This announcement has raised interest in the cryptocurrency community. XRP fell 1.12% to $0.5249, making it another altcoin facing headwinds.
Wondering if the ETH price will claim the $5k mark in 2024. Read our Ethereum Price Prediction for details!
Top Gainers
Notably, Safe outperformed the top 100 tokens, rising 78.36% to $1.68 after debuting on the Upbit exchange. Raydium likewise rose 8.85% to $2.99, while MEW increased 7.45% to $0.01129. This increase in meme coins shows a resurgence of speculative interest, even as mainstream cryptocurrencies experience a calm period.
Top Losers
On the downside, Mantra declined 9.27% to $1.28, Popcat lost 8.57% to $1.50, and Pendle fell 8.51% to $4.60, indicating a difficult day for several altcoins despite the market’s overall stability.
Subscribe to us, for every day updates on the happenings in the industry!
