Bitcoin ETFs Surge Fails to Dampen BTC Price as Memecoins Take the Lead in Gains on October 18th 2024
Cryptocurrency Market Today:
The global cryptocurrency business has seen modest gains today, with a slight increase of 0.05%, pushing the total market cap to $2.32 trillion. Despite a dip in 24-hour trading volume, now down 5.75% at $76.18 billion, the market remains neutral, as reflected in the Fear & Greed Index at 58.
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While, Bitcoin failed to rise above the $68k mark, and top altcoins shredded gains. Memecoins have taken the limelight today, with most including Dogecoin, Shiba Inu, Popcat, and MEW painting their charts green.
Bitcoin Today: BTC Price Stagnates Despite ETFs Inflow Surge?
Bitcoin price
continues to trade below the crucial $68,000 mark, up 0.64% to $67,841.50 in the past 24 hours. Despite this gain, Bitcoin has struggled to surpass the resistance level, even as Bitcoin ETFs received inflows totaling $470.48 million as of Oct 17. Meanwhile, the 24-hour volume of Bitcoin has dropped by 4.81%, reflecting cautious sentiment among traders.
Keen about BTC’s future price targets? Our
Bitcoin Price Prediction
answers that and much more!
Altcoin Highlights: DOGE, POPCAT, MEW Become Top Gainers
Ethereum price took a slight hit today, slipping 0.64% to $2,618.02, while Solana also recorded a small decline of 0.44%, settling at $152.63. On the other hand, XRP suffered the sharpest drop among top coins, down 3.51% to $0.5432.
Keen on the long-term price targets of ETH? Read our
Ethereum Price Prediction
Meme Coins Rally
The spotlight is on meme coins today as
Dogecoin (DOGE)
,
Shiba Inu
,
Popcat
, and
Mew
all registered gains. Dogecoin, in particular, saw a notable rise of 7.42%, pushing its price to $0.1325 and nearing a $20 billion market cap amid a surge in social media mentions.
Top Gainers
Popcat (POP)
: $1.37 (+13.98%)
MEW (MEW)
: $0.009014 (+9.19%)
Dogecoin (DOGE)
: $0.1325 (+7.42%)
Top Losers
Maker (MKR)
: $1,203.41 (-5.96%)
Fantom (FTM)
: $0.7156 (-5.71%)
Starknet (STARK)
: $0.3903 (-4.52%)
As the market remains neutral, investors are watching Bitcoin’s next move while meme coins continue to capture attention.
Tags
Bitcoin ETF
Crypto news