The crypto market is experiencing a notable surge today. Bitcoin (BTC) has maintained its position above $67,000, while major altcoins such as Ethereum (ETH), Solana (SOL), and XRP have begun trading in the green. Notably, Dogecoin (DOGE) saw a massive 8% increase, emerging as one of the biggest gainers. The total market cap has grown by 0.20%, reaching $2.32 trillion, despite a 24.81% drop in total trading volume to $81.29 billion.
Bitcoin and Ethereum Prices Lead the Way
Bitcoin posted a modest 0.5% gain, trading at $67,518. Its intraday low and high were recorded at $66,776 and $68,375, respectively. Additionally, the inflow of $458 million into Bitcoin ETFs as of October 16 has supported this slight increase. The leading cryptocurrency’s market cap now stands at $1.34 trillion.
Ethereum also saw a 0.5% rise, climbing to $2,633. Intraday price movement for ETH ranged from $2,592 to $2,645. Inflows into Ethereum ETFs, totaling $24.22 million, contributed to this upward trend, pushing its market cap to $317.28 billion.
Solana, XRP, and Meme Coins Show Mixed Performance
Solana saw a slight 0.6% dip, currently trading at $153.41. The day’s trading ranged from a low of $153.08 to a high of $158.14. Solana’s market cap is now $72.57 billion. On the other hand, XRP gained 1%, trading at $0.5482, with a market cap of $31.06 billion.
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In the meme coin space, Dogecoin (DOGE) soared by 8%, reaching $0.1254. Shiba Inu (SHIB) also saw a 1% gain, hitting $0.00001845. Both Pepe Coin (PEPE) and Bonk (BONK) enjoyed a 1% rise as well.
Biggest Winners and Losers of the Day
FTX Token (FTT) surged by 12%, trading at $2.08. Its intraday low and high ranged from $1.78 to $2.29. Mog Coin (MOG) also rose by 8%, while Bonk (BONK) increased by 9%. On the losing side, Hedera (HBAR) fell by 6% to $0.05297, and Ethena (ENA) dropped by 9%, now trading at $0.3996. Bittensor (TAO) declined by 6%, reaching $583.
The Bit Journal continues to monitor these market movements as major cryptocurrencies and altcoins show varying levels of volatility.
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The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
