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Reading: Latest Situation in the Cryptocurrency Market! Bitcoin Dropped to 61 Thousand Dollars!
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EdaFace Newsfeed > Latest News > Crypto News > Latest Situation in the Cryptocurrency Market! Bitcoin Dropped to 61 Thousand Dollars!
Crypto News

Latest Situation in the Cryptocurrency Market! Bitcoin Dropped to 61 Thousand Dollars!

vitalclick
Last updated: October 2, 2024 5:37 am
5 months ago
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Contents
Decline in Bitcoin and EthereumStatus of Other Important CryptocurrenciesTotal Market Situation During the DayRising and Falling CryptocurrenciesFluctuation in Meme Coins

Cryptocurrency prices triggered speculation among global market watchers today. Bitcoin (BTC) $64,067 While its price decreased to 61 thousand dollars, Ethereum (ETH) $2,644The price of Solana (SOL) and XRP fluctuated. EigenLayer (EIGEN) and FTX Token (FTT) were among the highest risers of the day.

Decline in Bitcoin and Ethereum

While the BTC price stood at $61,867, it dropped by approximately 3 percent in the last 24 hours. The price of Ethereum fell to 2 thousand 491 dollars and fell below the 2 thousand 500 dollar level. Both cryptocurrencies set their lows and highs during the day.

Status of Other Important Cryptocurrencies

Solana (SOL) and XRP prices have increased between 3 and 5 percent in the last 24 hours. While Solana price reached $147, XRP rose as high as $0.6019. Solana’s market value is at $68.94 billion, while XRP is at $34.01 billion.

Total Market Situation During the Day

The total value of the cryptocurrency market decreased by 3.46 percent to 2.17 trillion dollars. However, the total market volume was recorded as 115.97 billion dollars, an increase of 44.09 percent. Bitcoin’s market dominance increased by 0.4 percent, reaching 56.31.

Rising and Falling Cryptocurrencies

Among the most rising cryptocurrencies of the day, FTX Token (FTT) increased by 13 percent and EigenLayer (EIGEN) increased by 10 percent. Among the biggest losers were Starknet, Injective and Arweave, each down about 14-15 percent.

Fluctuation in Meme Coins

Memecoin tracked market-wide movements. dogecoin $0.118413 (DOGE) lost 8 percent and Shiba Inu (SHIB) lost 8 percent. Other memecoins such as PEPE, WIF and BONK experienced a change of 2-9 percent.

Charts on the hourly time frame have increased investors’ concerns about cryptocurrency prices. Small declines in Bitcoin and Ethereum prices indicate that the overall market trend is negative.

This fluctuation in the market offers important indicators that investors should follow carefully. Mobility in the cryptocurrency market contains both opportunities and risks.

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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