The cryptocurrency market is exhibiting modest gains, showing a growth of 0.44% in the last 24 hours. This uptick has propelled the total market capitalization to $2.32 trillion. Despite a 24.67% dip in trading volumes, totaling $80.83 billion, investor sentiment has held a positive stance, with the Fear & Greed Index climbing to 60, indicating a shift into the “Greed” zone.
While the market is experiencing a surge in momentum, it has not been immune to threats. Radiant Capital recently fell victim to a cyber attack, resulting in a significant loss of $53 million. The hack targeted Arbitrum and the BNB Chain, with the perpetrator making off with 12,835 ETH, valued at $33.6 million, and 32,113 BNB, valued at $19.4 million. Radiant Capital suffered losses across six tokens on BNB and twelve on Arbitrum.
Bitcoin Price Analysis: BTC Stays Above $67k!
Bitcoin continues to demonstrate its resilience and upward momentum, currently trading at $67,313.34, marking a 0.24% increase over the past 24 hours. Holding a strong dominance at 57.5%, Bitcoin’s performance is buoyed by substantial spot Bitcoin ETF inflows, with $458.54 million added as of October 16. A notable contributor to this strength is Blackrock, as the ETF market recorded an influx of $1.4 billion within just three days.
Curious about Bitcoin’s future trajectory? Dive into our comprehensive Bitcoin Price Prediction for detailed insights!
Altcoin Today: XRP Price Surges Amid SEC Appeal Confusion?
Ethereum (ETH) maintains its position at $2,630.74, reflecting a 0.55% increase, driven by spot ETH ETF inflows amounting to $24.22 million as of October 16. Solana (SOL), however, faces challenges, with its price dipping by 0.76% to $153.04. In contrast, XRP has experienced substantial gains, surging by 3.41% to $0.5602 amidst ongoing SEC appeal confusion.
Interested in Ethereum’s long-term price prospects? Explore our Ethereum Price Prediction for a detailed analysis!
Top Gainers
- Bonk (BONK): $0.00002415 (+7.60%)
- Sui (SUI): $2.15 (+4.61%)
Top Losers
- Ethena (ETHA): $0.3894 (-13.08%)
- Bittensor (TAO): $576.64 (-7.63%)
Stay updated with our daily insights and analyses on the latest cryptocurrency market trends. Our expert-driven reports will keep you informed and prepared in this dynamic financial landscape.
