Yesterday, Bitcoin (BTC) was pushing towards $70,000, but today, the crypto market has seen a notable pullback. Bitcoin dropped to $67,000, leading major altcoins like Ethereum (ETH), Solana (SOL), and XRP to follow suit. Meanwhile, the global crypto market cap decreased by 1.79%, settling at $2.33 trillion. Despite the downturn, market volume surged by 29.45%, reaching $85.17 billion.
Bitcoin (BTC) and Ethereum Price Update
Over the past 24 hours, Bitcoin has lost nearly 2% of its value, trading at $67,302 at the time of writing. BTC hit an intraday low of $66,581, with a high of $69,151. Notably, on October 21st, Bitcoin ETFs saw an inflow of $294.29 million, though this didn’t prevent the price from retreating. BTC’s market dominance increased slightly to 57.16%, while its total market cap remains stable at $1.33 trillion.
On the other hand, Ethereum has dropped by 3%, now trading at $2,641. ETH’s intraday low touched $2,616, with a high of $2,742. Interestingly, on the same day, spot Ethereum ETFs saw an outflow of $20.80 million, signaling reduced institutional interest. ETH’s market cap has also decreased to $318.07 billion amid Bitcoin’s decline.
Solana and XRP Price Movement
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Solana (SOL) is down nearly 2%, currently trading at $166. SOL’s daily low was $161.81, with a high of $171.43. Solana’s market cap has dropped to $78.01 billion. Despite this, co-founder Anatoly Yakovenko’s recent criticism of the Ethereum ecosystem has garnered more attention toward SOL.
Meanwhile, XRP is trading at $0.5429 after a 1% dip. XRP hit a low of $0.5407 and a high of $0.5594 today. Its market cap stands at $30.79 billion. In related news, Ripple moved 200 million XRP during its ongoing legal battle, sparking interest in the asset.
Altcoins Defying the Bitcoin Trend
While Bitcoin continues its downward trend, some altcoins are showing resilience. Aptos (APT), for instance, has risen 11% and is now trading at $11.04. APT’s daily low was $9.83, with a high of $11.18. Another standout is Cat in a Dogs World (MEW), which is up by 7% and currently trades at $0.009147. Axelar (AXL) also surged by 7%, reaching $0.8951, despite Bitcoin’s struggles.
Conversely, Bittensor (TAO) saw a 7% decline, now trading at $555.23. TAO’s daily range stretched from $543.98 to $595.76. Aerodrome Finance (AERO) dropped by 6%, now at $1.20, and Mog Coin (MOG) fell by 5%, trading at $0.000002109.
Although Bitcoin is leading the market downturn, certain altcoins are performing well in the face of widespread declines. Investors remain cautious as the global market cap continues to waver, yet increased market volume indicates that significant interest remains.
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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.
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