The cryptocurrency market has started the day on a positive note, with the fear & greed index indicating a neutral score of 44. The global market cap has experienced a significant rise of 4.48%, reaching $2.16 trillion. Bitcoin has crossed the $63,000 mark, while leading altcoins such as Ethereum, Solana, and XRP have seen gains of 6.45%, 8.43%, and 2.66% respectively.
Bitcoin Price Today: BTC Eyes for $66k?
Bitcoin’s price has surged to a three-week high, driven by a boost in U.S. equities and the release of the Bitcoin Whitepaper by Blackrock. As of the latest update, Bitcoin is trading at $63,142.55, marking a 5.51% increase from the previous day. Additionally, 24-hour trade volumes have risen by 26%. Investors are now optimistic that Bitcoin will soon reach the $66,000 mark. Curious about Bitcoin’s future? Check out our detailed Bitcoin Price Prediction.
Altcoins Prices Today: Popcat Registers 35% Surge!
Ethereum (ETH) has returned to its crucial level of $2,400, currently trading at $2,449.7 with a gain of 6.45%. Solana (SOL) has seen an 8.43% increase, bringing its price to $140.12. XRP has also risen by 2.66%, reaching $0.5878. For long-term price targets of Ethereum, explore our comprehensive Ethereum Price Prediction.
Top Gainers Today:
- Popcat: Leading the top gainers list with a remarkable 35.03% increase, now priced at $0.9201.
- Sei: After a bearish phase, Sei has rebounded with a 25.12% rise, currently at $0.3364.
- Bittensor (TAO): Joining the gainers list with a 21.68% increase, resulting in a new price of $383.04.
Top Losers Today:
- Kucoin Token: Registered a slight decline of 0.73%, now valued at $7.46.
- Unus Sed Leo (LEO): Experienced a minor loss of 0.17%, bringing its price to $5.62.
Following a favorable rate cut by the U.S. Federal Reserve, investors are now anticipating an additional 70 basis points of rate cuts in the upcoming FED meetings in November and December. While these potential rate cuts depend on various economic factors, any positive developments could contribute to a bullish close to the year.
