Cryptocurrency

Major

Shiba Inu

Status

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-market-exhibits-mixed-price-movements-on-october-1/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency Market Exhibits Mixed Price Movements on October 1</a> 
The <a href="https://en.coin-turk.com/everyones-eyes-on-these-5-altcoins-whats-happening-in-cryptocurrencies/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/crypto-investors-experience-significant-losses-due-to-btc-drop/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market showcased mixed price movements on October 1. Bitcoin (BTC) remained around the $63,000 level, while leading cryptocurrencies such as Ethereum (ETH) , Solana (SOL), and XRP exhibited fluctuating trends. In contrast, Bittensor (TAO) and Sui (SUI) achieved significant gains despite the overall market trend.
<h2 id="status-of-bitcoin-and-major-cryptocurrencies">Status of Bitcoin and Major Cryptocurrencies</h2>
While Bitcoin’s price dipped to $63,000 after staying above $66,000, ETH, SOL, and XRP displayed daily volatility. The market capitalization of BTC was recorded at $1.26 trillion, showing a slight decrease in market dominance at 55.93%.
<h2 id="general-status-of-the-cryptocurrency-market">General Status of the Cryptocurrency Market</h2>
The total value of the cryptocurrency market dropped by 0.77% to $2.25 trillion, whereas the total market volume surged by 38.6% to $80.68 billion. This fluctuation has led to speculation among traders.
Bittensor (TAO) rose approximately 9% in the last 24 hours, reaching $605.86. Similarly, SUI increased by over 10%, hitting $1.91. Meanwhile, a decline was observed in the prices of JasmyCoin and Celestia.
These fluctuations in the cryptocurrency market stem from various factors. Notably, large-scale transactions and ETF flows are significant elements influencing market movements.
According to Whale Alert data, large-scale sell-offs took place in the ETH market, potentially affecting investor confidence. Additionally, the purchase of 107.91 BTC by Japan-based Metaplanet may signal the beginning of a bullish trend referred to as “uptober.”
Among memecoins, the prices of Dogecoin and <a href="https://en.coin-turk.com/shiba-inu-altcoin-gains-attention-with-increased-token-burn-rate/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba</a> Inu declined, while some memecoins like dogwifhat and FLOKI gained in value. This reflects the diversity among memecoins and varying investor behaviors.
Market analyses suggest that cryptocurrencies may continue to exhibit volatility in the short term. Therefore, it is crucial for traders to closely monitor market movements.
Overall, the fluctuations in the cryptocurrency market continue to present opportunities and risks for investors. Understanding market dynamics and conducting careful analyses are critical for making informed investment decisions.
The post <a href="https://en.coin-turk.com/cryptocurrency-market-exhibits-mixed-price-movements-on-october-1/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency Market Exhibits Mixed Price Movements on October 1</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Cryptocurrency Market Exhibits Mixed Price Movements on October 1

Table of Contents

COINTURK NEWS

Other articles published on Oct 1, 2024

Federal Appeals Court Revives AT&T $24M Crypto Hack Lawsuit

Robinhood launches crypto transfers in Europe with 1% deposit match

Naira devaluation: Starlink increase router price to N590,000, monthly subscription up by 100%

Top 5 Countries Leading the Global Crypto Revolution in 2024

An Interview With Tidus Wallet

Most Valuable Cryptocurrency in Future: How Bitcoin, Ethereum, Tether, Solana, and Cardano Are Le...

Join our free newsletter for daily crypto updates!