Latest Crypto News October 24th 2024 Bitcoin Holds Steady at 67k SAFE Emerges as the Leading Gainer
Crypto Market Report (Oct 25, 2024):
Today, the cryptocurrency market witnessed slight fluctuations, with the global market cap decreasing by 0.25% to reach $2.31 trillion. The 24-hour trading volume also experienced a significant drop of 12.96% to $72.69 billion. Traders continue to approach the market cautiously, as indicated by a Fear & Greed Index reading of 56, suggesting a neutral outlook.
Bitcoin Holding Strong with ETF Inflows?
Bitcoin demonstrated minimal growth, with a 0.51% increase to reach $67,688.20 in the past 24 hours. Its dominance in the market rose to 57.96%. This stability could be attributed to the inflow of $188.11 million in Bitcoin ETFs. Despite a decrease in trading volumes (-12.81%), Bitcoin maintains its strong position, with investors closely monitoring the potential for upward momentum driven by optimism surrounding ETFs.
Interested in knowing the future price of BTC? Check out our Bitcoin Price Prediction for detailed insights!
Highlights in Altcoins: Ethereum, Solana, and XRP
Ethereum experienced a decline of 2.41%, reaching $2,492.31, despite attracting $2.3 million in ETF inflows. On the other hand, Solana saw a slight increase of 0.30% and reached $173.62. This growth can be attributed to recent statements from its co-founder, hinting at the addition of executive levels similar to those seen in Ethereum. This announcement has generated interest within the cryptocurrency community. XRP, however, faced headwinds, falling by 1.12% to $0.5249.
Curious about whether the price of ETH will reach the $5k mark in 2024? Read our Ethereum Price Prediction for detailed information!
Top Gainers
Notably, Safe emerged as the top performer among the top 100 tokens, experiencing a significant surge of 78.36% to reach $1.68 after its debut on the Upbit exchange. Raydium also demonstrated growth, rising by 8.85% to $2.99, while MEW increased by 7.45% to $0.01129. This increase in meme coins indicates a revival of speculative interest, even during a period of stability for mainstream cryptocurrencies.
Top Losers
On the downside, Mantra witnessed a decline of 9.27% to $1.28, Popcat lost 8.57% and fell to $1.50, and Pendle experienced an 8.51% decrease, reaching $4.60. These losses highlight a challenging day for several altcoins, despite the overall stability of the market.
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