Ethereum

Solana

Shiba Inu

The crypto market witnessed yet another turbulent day, leaving investors wary of further declines. The Bitcoin (BTC) price took a dive, retreating to $69,000, with major altcoins such as Ethereum (ETH), Solana (SOL), and XRP also showing losses. Adding to the uncertainty, the total market capitalization dropped by 3.76%, reaching $2.34 trillion, even as trading volumes surged by 5.29% to $92.45 billion. At The Bit Journal, we analyze today’s market sentiment and its implications for crypto investors. 
<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="Crypto Market Shakes Investors as BTC Pulls Back, Altcoins Plunge = The Bit Journal" width="728" height="90" title="Crypto Market Shakes Investors as BTC Pulls Back, Altcoins Plunge 47"></a> 
<h2 id="bitcoin-and-ethereum-prices-today">Bitcoin and Ethereum Prices Today</h2> 
Bitcoin, the market leader, recorded a 4% dip in the last 24 hours, trading at $69,289. The day’s range saw a low of $68,779.70 and a high of $72,662.31. BTC’s market cap now stands at $1.37 trillion. The crypto’s dominance dipped slightly to 58.84%, and spot Bitcoin ETFs attracted $32.14 million as of October 31, adding a layer of optimism among certain investors. Nonetheless, volatility remains the hallmark of today’s trading environment. 
<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-65543" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/image-4.png" alt="Crypto Market Shakes Investors as BTC Pulls Back, Altcoins Plunge = The Bit Journal" width="1287" height="613" title="Crypto Market Shakes Investors as BTC Pulls Back, Altcoins Plunge 48"> 
Meanwhile, Ethereum also followed the bearish trend, dropping by almost 6% to $2,498. ETH’s lowest point today was $2,467.82, while its peak reached $2,656.45. Ethereum’s market cap fell to $301.37 billion. On a brighter note, Ethereum ETFs received an inflow of $13.06 million yesterday, fueling investor expectations for potential rebounds. 
<h2 id="solana-price-movement">Solana Price Movement</h2> 
Following the market’s overall sentiment, Solana (SOL) lost 4%, currently trading at $167. SOL’s intraday low was $165.69, with the high at $176.22. Its market cap slipped to $78.68 billion. Notably, interest in Solana remains high due to Canary Capital’s recent SEC filing for a Solana ETF, capturing the attention of SOL holders eagerly awaiting further updates.<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-65541" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/image-1.png" alt="Crypto Market Shakes Investors as BTC Pulls Back, Altcoins Plunge = The Bit Journal" width="1274" height="585" title="Crypto Market Shakes Investors as BTC Pulls Back, Altcoins Plunge 49"> 
<h2 id="xrp-price-action">XRP Price Action</h2> 
XRP was not immune to the pullback, sliding by nearly 1% to $0.5182. The day’s trading range for XRP recorded a low of $0.5039 and a high of $0.5218. Its market cap fell to $29.48 billion. Notably, increased whale activity within the last 24 hours has heightened attention around XRP, leaving investors speculating on future price movements. 
<h2 id="meme-coins-take-a-hit">Meme Coins Take a Hit</h2> 
Popular meme coins also mirrored the market’s negative sentiment. Dogecoin (DOGE) fell by 7% to $0.1584, while Shiba Inu (SHIB) declined 5% to $0.00001772. Other meme coins, including <a href="https://thebitjournal.com/avalanche-avax-news-why-investors-are-switching-to-pepe-coin-and-rollblocks-5m-presale/" target="_blank" rel="noopener">PEPE</a>, WIF, and POPCAT, experienced losses ranging from 4% to 8%, signaling a challenging short-term outlook for meme coin investors.<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-65539" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/image-2.png" alt="Crypto Market Shakes Investors as BTC Pulls Back, Altcoins Plunge = The Bit Journal" width="1277" height="584" title="Crypto Market Shakes Investors as BTC Pulls Back, Altcoins Plunge 50"> 
<h2 id="top-gainers-and-losers-today">Top Gainers and Losers Today</h2> 
Amidst the declines, a few coins managed to stand out. Celestia (TIA) rose by 5% to $4.89, with intraday lows and highs of $4.58 and $4.96, respectively. Similarly, Kaia (KAIA) gained 3% to $0.1341, and Maker (MKR) inched up by 1.5% to $1,283, offering glimmers of hope for selective investors. On the flip side, Immutable (IMX) plunged by over 13% to $1.17, while WIF and BRETT lost 8% and 7%, respectively, underscoring the market’s inherent volatility.<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-65537" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/image-3.png" alt="Crypto Market Shakes Investors as BTC Pulls Back, Altcoins Plunge = The Bit Journal" width="1281" height="585" title="Crypto Market Shakes Investors as BTC Pulls Back, Altcoins Plunge 51"> 
In conclusion, the crypto market’s recent moves emphasize the importance of caution, with significant price swings prompting investors to assess their risk tolerance. Stay tuned with The Bit Journal for ongoing updates and insights into the crypto world. 
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Crypto Market Shakes Investors as BTC Pulls Back, Altcoins Plunge

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The Bit Journal

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