Solana

Aerodrome Finance

Bitcoin

Mog Coin

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. 
<a href="https://www.qubetics.com/?utm_source=TBJ&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-51679 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/Qubetics-is-728x90-1-3.jpg" alt="Markets Reverse: As BTC Drops, These Altcoins Are Gaining Attention = The Bit Journal" width="728" height="90" title="Markets Reverse: As BTC Drops, These Altcoins Are Gaining Attention 44"></a> 
<h2 id="bitcoin-btc-and-ethereum-price-update">Bitcoin (BTC) and Ethereum Price Update</h2> 
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. 
<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-51943" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/image-72-1.png" alt="Markets Reverse: As BTC Drops, These Altcoins Are Gaining Attention = The Bit Journal" width="1288" height="604" title="Markets Reverse: As BTC Drops, These Altcoins Are Gaining Attention 45"> 
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. 
<h2 id="solana-and-xrp-price-movement">Solana and XRP Price Movement</h2> 
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 <a href="https://thebitjournal.com/vitalik-to-minimise-ethereum-pos-centralization/" target="_blank" rel="noopener">Ethereum </a>ecosystem has garnered more attention toward SOL.<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-51942" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/image-73-1.png" alt="Markets Reverse: As BTC Drops, These Altcoins Are Gaining Attention = The Bit Journal" width="1291" height="593" title="Markets Reverse: As BTC Drops, These Altcoins Are Gaining Attention 46"> 
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. 
<h2 id="altcoins-defying-the-bitcoin-trend">Altcoins Defying the Bitcoin Trend</h2> 
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.<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-51941" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/image-74-1.png" alt="Markets Reverse: As BTC Drops, These Altcoins Are Gaining Attention = The Bit Journal" width="1292" height="639" title="Markets Reverse: As BTC Drops, These Altcoins Are Gaining Attention 47"> 
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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Markets Reverse: As BTC Drops, These Altcoins Are Gaining Attention

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