Crypto News Today (Oct 7th, 2024): Bitcoin Nears $64k, Memecoins to Start a Bull Run?
Shrishesh Tanksalkar7 Oct 20242 min read
Cryptocurrency Market Overview: The global cryptocurrency market has seen a notable rise, with the market cap at $2.21 trillion. The overall trading volume in the market has taken a hit, dropping by 39.57% to $51.79 billion. However, despite these numbers, the market sentiment remains steady, with the Fear & Greed Index set at 43, suggesting a neutral view among investors.
Bitcoin Price Today: BTC Price Reclaims the $63k Mark!
Bitcoin (BTC) is trading at $63,433.13, up 2.43% for the day. This bodes well for Bitcoin, as trade volume has increased by 55.54% in the last 24 hours. The United Arab Emirates Federal Tax Authority (FTA) exempts VAT for virtual asset transfers and conversions, which has contributed to BTC’s upward price trend.
Curious about BTC’s future price targets? Our Bitcoin Price Prediction answers that and much more!
Altcoin Watch: Popcat Memecoin Hits a New ATH!
Ethereum is now worth $2,485.24, up 2.88% from its previous price. With the two most popular cryptocurrencies still rising, investors are cautiously hopeful about the future.
Interested in the long-term price targets of ETH? Read our Ethereum Price Prediction
Subsequently, Solana (SOL) has proven to be yet another impressive performer, rising 4.57% to $149.18. Even though it wasn’t as volatile, XRP nevertheless had good momentum, rising 1.95% to trade at $0.5407. Meme currencies have seen tremendous increases amid the uptrends, with Popcat setting a new all-time high.
Top Gainers:
The biggest gainer of the day is Dogwifthat (DWH), which shot up 18.16% to $2.63. MogCoin closely trailed, rising 17.41% to a current value of $0.0000001673. Popcat also saw a noteworthy 16.80% rise, coming in at $1.41. It’s interesting to note that in less than a month, a smart whale was able to profit $4.36 million from Popcat, which represents a return of over 100%.
Top Losers:
Monero (XMR) led the losers, dropping by 4.31% to $147.08. Kaspa (KAS) followed with a 1.68% decline, settling at $0.1442, while Tether Gold (XAUT) saw a minimal loss of 0.34%, trading at $2,645.25.
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