Ethereum

FTX Token

Drops

Shiba Inu

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoins-price-drops-below-62000" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin’s Price Drops Below $62,000</a><br></p>
<p style="text-align: justify">In a dramatic turn, cryptocurrency prices stirred concerns among global investors today, with <a href="https://en.bitcoinhaber.net/stunning-bitcoin-sale-yields-885-million-profit" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) sinking to approximately $61,000. Meanwhile, Ethereum (ETH), <a href="https://en.bitcoinhaber.net/solana-experiences-sharp-price-increase" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> (SOL), and <a href="https://en.bitcoinhaber.net/xrp-gathers-momentum-as-key-events-and-technical-levels-emerge" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> also faced fluctuating values. Notably, EigenLayer (EIGEN) and FTX Token (FTT) emerged as this day’s standout performers.</p>
<h2 id="what-factors-contributed-to-bitcoin-and-ethereum-s-decline">What Factors Contributed to Bitcoin and Ethereum’s Decline?</h2>
<p style="text-align: justify">Bitcoin’s price settled at $61,867, representing a nearly 3% decrease over the past 24 hours. Ethereum followed suit, dropping to $2,491 and falling under the critical $2,500 threshold. Both digital currencies saw their respective highs and lows throughout the trading day.</p>
<h2 id="how-did-other-major-cryptocurrencies-perform">How Did Other Major Cryptocurrencies Perform?</h2>
<p style="text-align: justify">On a more positive note, Solana (SOL) and XRP recorded gains of 3 to 5% in the last day. Solana’s price climbed to $147, while XRP rose to $0.6019, bringing their market caps to approximately $68.94 billion and $34.01 billion, respectively.</p>
<p style="text-align: justify">The cryptocurrency market’s total value saw a drop of 3.46%, now standing at $2.17 trillion. Conversely, total market volume surged by 44.09%, reaching $115.97 billion. Bitcoin’s dominance in the market slightly increased, now at 56.31%.</p>
<ul>
 <li>FTX Token (FTT) gained 13%, while EigenLayer (EIGEN) increased by 10%.</li>
 <li>Starknet, Injective, and Arweave were among the biggest losers, each plummeting by about 14-15%.</li>
 <li>Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) fell by 8%, with other meme coins fluctuating between 2-9%.</li>
</ul>
<p style="text-align: justify">The current market volatility offers critical insights for investors. The recent downturn in the values of Bitcoin and Ethereum suggests a broader negative trend, highlighting the unpredictable nature of the cryptocurrency sector.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoins-price-drops-below-62000" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin’s Price Drops Below $62,000</a></h5>

Bitcoin’s Price Drops Below $62,000

Table of Contents

BH NEWS

Other articles published on Oct 2, 2024

Bitcoin Price Analysis: The Reason Behind BTC’s Crash to $60K Today

The Most Viewed Cryptocurrencies: Unleashing the Power of Wrapped Dog and Meme Coins!

Qubetics Raises $1.13M in its Crypto Presale as Cardano Rolls Out Digital Gold and Ethereum Strug...

Challenging Times for Bitcoin Miners as Profits Decline Amid Rising Mining Difficulties

Binance Labs' New Investment: What is Hemi Network?

Top Ripple September 2024 Highlights: Everything You Should Know

Join our free newsletter for daily crypto updates!