The crypto prices in the market declined sharply today raising panic among investors. Following Iran’s missile strike on Israel, the market took a U-turn, shedding most of the gains it acquired at the beginning of the week. Consequently, the total market valuation fell by 4.25% to $2.17 trillion, losing over $100 billion in one day.
The price of Bitcoin crashed from an intraday high of $64k to around $60,000 earlier today. Altcoins followed the same pattern, declining by significant figures today.
Notably, investor sentiment, as measured by the crypto fear and greed index, has dropped from yesterday’s ‘neutral’ to ‘fear’ at the time of writing. Below is an overview of the crypto market and how the prices of the top crypto have reacted in the last 24 hours.
Top Crypto Prices Today
The price of BTC showed highly volatile movements today after losing more than $4,000 in one day. At the time of writing, Bitcoin traded at $61,665, representing a 3.57% decline over the last day. However, its 24-hour trading volume showcased an upward trajectory, surging by 42% to $50.2 billion, signifying increasing activities among investors and traders.
Meanwhile, Bitcoin ETFs recorded significant outflows per recent updates. As of October 1, BTC ETFs saw $242.53 million daily total outflows. Ultimately, Bitcoins market cap rested at $1.21 trillion today.
Source: CoinMarketCap
Similarly, the second-largest crypto by market cap, Ethereum, declined notably over the last 24 hours. As per on-chain data, the price of Ethereum dropped by 6.77% to trade at $2,457 at press time.
Also, Ethereum saw a jump in its trading activities within the last day by 55.63% with a live market cap of $295.4 billion. Moreover, ETH ETFs recorded outflows of $48.52 million as of October 1 according to Soso Value data.
Other Altcoin Prices
Solana dropped significantly in the last 24 hours. SOL price declined by 7.20% and changed hands at $145.88. Solana’s one-day low and high reached $142.59 – $156.86 respectively. Notably, the SOL’s market cap rested at $68.36 billion at the time of writing.
Similarly, the XRP price crashed by 7.44% in the past 24 hours to trade at $0.5848. The coin moved between the low and high of $0.5821 and $0.6309 respectively. Lastly, XRP’s market cap rested at $33.17 billion today.
Binance native Coin, BNB declined notably at the time of writing. The Binance native coin lost 5.49% of its value to reach $546.97 and maintained a 24-hour trading range of $539.02 and $578.45 respectively. The TRX price lost 1.95% to trade at $0.1537 with a 24-hour trading range of $0.1526 and $0.157 respectively.
Amid the global market downtrend, one coin stands out, MANTRA OM. The security-first RWA Layer 1 Blockchain project defied market movement and surged significantly at the time of writing. According to CoinMarketCap data, MANTRA surged by 5.01% to trade at $1.31.
In the last seven days, MANTRA has gained 13.05% and skyrocketed by over 40% over the last month. Ultimately, the 24-hour trading volume spiked by 147% to $52.2 million, making it the #144 most-traded asset in the last 24 hours.
Source: CoinMarketCap
The memecoin market mostly traded in red today. The Dogecoin price dropped by 9.81% to reach $0.1066 today. Also, Shiba Inu, the second-largest memecoin, plummeted by 9.57% to $0.00001668. PEPE crashed by 14.26% while Dog Wif Hat (WIF) dropped by 10.42%.
Top Trending Crypto Gainers Today
Degen (DEGEN) skyrocketed by 136.50% to reach $0.0108
Dego Finance (DEGO) moved up by 23.06% to $2.089
Wormhole (W) jumped by 21.80% to $0.3727
Dia (DIA) surged 14.27% to $0.8360
Fio Protocol (FIO) added 5.25% to $0.035
The post Crypto Price Update: October 2: BTC Crash to $61K, MANTRA Surge by 5% appeared first on Coinfomania.
