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Reading: Harsh Fluctuation in the Cryptocurrency Market! Bitcoin and Altcoins Fell Hard!
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EdaFace Newsfeed > Latest News > Crypto News > Harsh Fluctuation in the Cryptocurrency Market! Bitcoin and Altcoins Fell Hard!
Crypto News

Harsh Fluctuation in the Cryptocurrency Market! Bitcoin and Altcoins Fell Hard!

vitalclick
Last updated: October 3, 2024 7:23 am
4 months ago
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Contents
Uncertainty in Bitcoin and AltcoinsPerformance of Major CryptocurrenciesHighlights in Cryptocurrency InvestmentsMajor Losers

There are mixed movements in cryptocurrency prices today. This led to speculation from global investors. Bitcoin $61,635While the decline in the price of (BTC) stopped at the level of 60 thousand dollars, Ethereum (ETH) $2,471Solana (SOL) and XRP prices followed by declining. While the total market value was at 2.11 trillion dollars, it decreased by 1 percent compared to the previous day. Additionally, there was a 19.86 percent decrease in total market volume, falling to $93.11 billion.

Uncertainty in Bitcoin and Altcoins

BTC, ETH, SOL and XRP prices were quite volatile today. Bitcoin fell 0.16 percent, falling to the $ 60,000 level, while ETH, SOL and XRP prices decreased between 2 percent and 10 percent. The increasing tension in the Middle East is cited as the reason for this decline.

Performance of Major Cryptocurrencies

While Bitcoin’s market dominance is at 56.80 percent, Ethereum’s market value reached 288.24 billion dollars. While Solana was traded at $142 with a decrease of 3 percent, the XRP price fell by over 10 percent to $0.546. dogecoin $0.108079Shiba Inu and other memecoins experienced similar declines.

Highlights in Cryptocurrency Investments

Flare (FLR) price increased by 14 percent to $0.01689. Aptos (APT) increased by 8 percent to $8.21. Wormhole (W), on the other hand, dropped by 8 percent to $0.3453.

Major Losers

While BEAM price decreased by 16 percent to $0.01616, Ethena (ENA) decreased by 15.5 percent to $0.3057. EigenLayer (EIGEN) was traded at $3.46, down 15 percent. Looking at the hourly charts, uncertainty continues in the markets, with Bitcoin decreasing by 0.22 percent and Ethereum decreasing by 0.09 percent.

This fluctuation in the cryptocurrency market causes caution among investors. It remains a matter of curiosity how the developments in the Middle East will affect the cryptocurrency market.

Fluctuations in the markets may cause cryptocurrency investors to reconsider their strategies. If tensions in the Middle East continue, there is a possibility of more volatility in the value of cryptocurrencies. It may be important for investors to follow market trends carefully.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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