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Crypto Price Today (11th Oct 2024): Bitcoin Price Holds Strong

Andras Crow-Hreidar by Andras Crow-Hreidar
October 11, 2024
in Crypto, News
Reading Time: 2 mins read
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Crypto News This Week (28th Sept 2024)
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The cryptocurrency market has maintained a notable degree of stability over the past day, with the global market capitalization currently positioned at an impressive $2.14 trillion. However, investors are maintaining a cautious approach, as indicated by the Fear & Greed Index, which remains at 37, signifying prevailing market apprehension. Meanwhile, significant legal developments are unfolding related to the infamous Bitfinex hack. U.S. prosecutors have recommended an 18-month prison sentence for Heather Morgan, who is implicated in the laundering of 120,000 stolen Bitcoins.

The crypto landscape also witnessed a recent scam incident, where an unfortunate victim suffered a $35 million loss after engaging with a malicious permit link. This serves as a stark reminder of the potential risks and scams prevalent in the digital currency world.

Bitcoin Price Update: BTC Holds Strong Despite Uncertainty!

blockdag 70m

Bitcoin’s price has demonstrated resilience, holding steadfast above the $61,000 mark. Despite experiencing minor fluctuations, BTC’s price appears to be navigating within a stable and predictable bandwidth. Investors are closely eyeing the psychological resistance level at $65,000, which represents a critical threshold for traders. For those curious about Bitcoin’s future price trajectory, our comprehensive Bitcoin Price Prediction offers detailed insights and forecasts.

Altcoins Watch: Celestia Becomes Top Gainer!

Ethereum has gained some momentum, with its price increasing by 0.75% to reach $2,416.99. Among other notable altcoins, Solana and XRP have also experienced modest gains, with their prices rising by 1.51% to $141.91 and $0.5352, respectively. For a deeper understanding of Ethereum’s long-term price objectives, be sure to check out our Ethereum Price Prediction.

Top Gainers & Losers

Celestia has emerged as a standout performer, leading the top gainers list with an impressive 8.05% surge over the previous day. Dogwifhat also posted significant gains, rising by 6.24%, while Sui showcased promising numbers with a 5.60% increase.

However, the market is not without its challenges. Fantom has faced a setback, registering a 5.81% drop, making it the leader among today’s top losers. Helium and FTX Token have also experienced declines, with losses of 3.87% and 2.54%, respectively.

As the market navigates this mix of gains and minor losses, traders remain cautiously optimistic, with many seeking signs of stronger momentum. This cautious optimism is compounded by ongoing investigations by Fidelity into a data breach affecting 77,000 customers, adding a layer of complexity to the market dynamics.

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Andras Crow-Hreidar

Andras Crow-Hreidar

Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.As a journalist, I'm committed to providing my readers with accurate and reliable reporting. I believe that access to high-quality information is essential for making informed decisions, whether it's about personal finances or investments. When I'm not writing about finance, I enjoy a variety of hobbies and interests.

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