Analysis

Crypto Price Today (Oct 2nd, 2024): Bitcoin Falls to $61k, ETH and SOL Drop Sharply!

Published

1 year ago

October 2, 2024

Cryptocurrency Market At the moment: The cryptocurrency business has skilled a pointy decline following the battle between Israel and Iran and the US inventory market taking successful. Consequently, the entire market capitalization fell by 4.8% to $2.15 trillion. Amid the turmoil, investor sentiment has shifted in the direction of concern, evident with the concern and greed index falling to 39.

Bitcoin Worth Evaluation: Can Bitcoin Fall Additional to $53,000?

Bitcoin value noticed a big decline of 4.17% within the final 24 hours, buying and selling at $61,256.08. This decline is accompanied by a rise in buying and selling volumes, which enhance by 53.45%, indicating an elevated stage of exercise as buyers react to the worth drop. At this charge, analysts are speculating on whether or not BTC can regain its power or fall additional in the direction of the $53,000 stage if market sentiment continues to say no.

Interested in BTC’s future value targets? Our Bitcoin Worth Prediction solutions that and way more!

Altcoins Costs At the moment: ETH Drops 7%, Wormhole Pumps 22%

The most important altcoin, Ethereum, was not spared and fell 7.02% to $2,452.77. Ethereum’s market cap is now beneath stress to keep up assist above $2,400. Solana additionally took the brunt, falling 7.06% to $145.99. XRP adopted go well with with a 6.68% decline, now priced at $0.5907.

Interested in ETH’s long-term value targets? Learn our Ethereum value forecast

Greatest winners:

Amid the broader market losses, Wormhole (WORM) stands out because the day’s largest gainer, up 22.13% to $0.3808. Mantra (OM) rose modestly by 1.94% to commerce at $1.28, whereas Conflux (CFX) rose 0.83% to $0.1856.

READ Analyst Outlines Massive Price Targets for Dogecoin, Predicts Parabolic Rally for Ethereum-Based Altcoin

Greatest Losers:

Alternatively, Beam (BEAM) fell 17.73% to $0.01705, making it the largest loser of the day. Arweave (AR) adopted carefully, dropping 16.94% to $19.23. Starknet (STRK) additionally confronted a pointy decline, down 16.37%, now priced at $0.3899.

Keep tuned for extra updates as market volatility continues to form the crypto panorama.