Crypto Price Today (Oct 17, 2024): Bitcoin Whale Activity Soars, Fear & Greed Index Alerts Greed
Shrishesh Tanksalkar17 Oct 20242 min read
Cryptocurrency Market Today: The global cryptocurrency market is experiencing a pullback, shedding 1.80% in the last 24 hours, with the market cap settling at $2.29 trillion. Trading volume has also dropped significantly by 32.89%, totaling $75 billion. Despite this, the sentiment in the market remains optimistic, as the Fear & Greed Index reads 60, signaling greed among investors.
The positive sentiments in the industry are partly attributed to the upcoming U.S. elections, boosting optimism across the sector. Additionally, Bitcoin’s open interest has surged to a record-breaking $39.41 billion, signaling growing investor engagement.
Bitcoin Price Surges as Whale Activity Soars?
Bitcoin is currently priced at $66,944.21, experiencing a slight dip of 1.41% over the past 24 hours. Notably, whale transactions have spiked to their highest levels in over 10 weeks, with whale investors now holding approximately 1.97 million BTC. This marks a year-to-date increase of over 800%. Additionally, U.S.-based spot Bitcoin ETFs have purchased $1.5 billion worth of Bitcoin in just four days.
Interested about BTC’s future price targets? Our Bitcoin Price Prediction answers that and much more!
Altcoins Prices Today: FTT Token Becomes Top Gainer
Ethereum (ETH) has slipped 1.32%, trading at $2,602.32, while Solana (SOL) has seen a more significant drop of 2.83%, priced at $151.61. XRP is bucking the trend, with a 1.69% rise, currently valued at $0.5536.
Keen on the long-term price targets of ETH? Read our Ethereum Price Prediction
Top Gainers: FTX Token (FTT) leads the way with a 13.72% gain, now trading at $2.11. XRP follows closely with a 1.62% increase, priced at $0.5529, and Injective (INJ) has risen by 1.07%, hitting $21.30 ahead of its Bitfinex listing.
Top Losers: Worldcoin (WLD) dropped 8.48%, now priced at $2.17. Kaspa (KAS) followed with an 8.40% loss at $0.1224, while Starknet (STRK) is down 8.16%, trading at $0.3942.
Stay tuned for our daily updates and insights on the latest cryptocurrency market movements!
