Cryptocurrency Market Today: The global cryptocurrency business has seen modest gains today, with a slight increase of 0.05%, pushing the total market cap to $2.32 trillion. Despite a dip in 24-hour trading volume, now down 5.75% at $76.18 billion, the market remains neutral, as reflected in the Fear & Greed Index at 58.
While, Bitcoin failed to rise above the $68k mark, and top altcoins shredded gains. Memecoins have taken the limelight today, with most including Dogecoin, Shiba Inu, Popcat, and MEW painting their charts green.
Bitcoin Today: BTC Price Stagnates Despite ETFs Inflow Surge?
Bitcoin price continues to trade below the crucial $68,000 mark, up 0.64% to $67,841.50 in the past 24 hours. Despite this gain, Bitcoin has struggled to surpass the resistance level, even as Bitcoin ETFs received inflows totaling $470.48 million as of Oct 17. Meanwhile, the 24-hour volume of Bitcoin has dropped by 4.81%, reflecting cautious sentiment among traders.
Keen about BTC's future price targets? Our Bitcoin Price Prediction answers that and much more!
Altcoin Highlights: DOGE, POPCAT, MEW Become Top Gainers
Ethereum price took a slight hit today, slipping 0.64% to $2,618.02, while Solana also recorded a small decline of 0.44%, settling at $152.63. On the other hand, XRP suffered the sharpest drop among top coins, down 3.51% to $0.5432.
Keen on the long-term price targets of ETH? Read our Ethereum Price Prediction
Meme Coins Rally
The spotlight is on meme coins today as Dogecoin (DOGE), Shiba Inu, Popcat, and Mew all registered gains. Dogecoin, in particular, saw a notable rise of 7.42%, pushing its price to $0.1325 and nearing a $20 billion market cap amid a surge in social media mentions.
Top Gainers
- Popcat (POP): $1.37 (+13.98%)
- MEW (MEW): $0.009014 (+9.19%)
- Dogecoin (DOGE): $0.1325 (+7.42%)
Top Losers
- Maker (MKR): $1,203.41 (-5.96%)
- Fantom (FTM): $0.7156 (-5.71%)
- Starknet (STARK): $0.3903 (-4.52%)
As the market remains neutral, investors are watching Bitcoin's next move while meme coins continue to capture attention.
