Cryptocurrency Prices On Oct 8: BTC Wanes To $62K But SUI & NEIRO Up 11%-19%

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As a seasoned crypto investor with years of experience navigating the tumultuous seas of digital currency markets, I must admit that October 8 has been a rollercoaster ride. The day started off with hopeful signs, but as the hours ticked by, it became clear that we were in for another round of volatility.

Today’s Cryptocurrency Prices on October 8th: The global cryptocurrency market displayed a blend of rising and falling prices yesterday, causing widespread investor curiosity. Bitcoin (BTC) dipped to around $62,000 during that timeframe, while Ethereum (ETH), Solana (SOL), and XRP followed a similar downward trend. Notably, NEIRO and Sui were the top performers of the day with significant gains.

Concurrently, the overall value of the crypto market dropped by 2.27%, ending at approximately $2.17 trillion today. Interestingly, the total market volume experienced a significant increase of 61.71% to reach about $78.76 billion. Here’s a quick rundown on some of the leading cryptocurrencies by market capitalization and their price movements today, October 8:

Cryptocurrency Prices On October 8: BTC, ETH, SOL, & XRP Volatile

Today, Bitcoin’s price experienced considerable fluctuations, dropping to around $62,000 following a hint of recovery yesterday. Meanwhile, ETH, SOL, and XRP dipped by 1% to 3% over the past 24 hours. In contrast, NEIRO and SUI bucked the overall market trend today, surging by 11% to 19%. Let’s explore the price movements of these coins further today.

Bitcoin Price Today

BTC price chart showcased a roughly 1.5% decline in value and is now trading at $62,689. The flagship crypto’s 24-hour low and high were recorded as $62,152.55 and $64,443.71, respectively. This slumping action comes despite $235.19 million inflows in Bitcoin ETFs as of October 7, raising market concerns. Meanwhile, BTC’s market cap rested at $1.24 trillion today. Notably, the coin’s market dominance remained the same over the past day, standing at 56.77%. Further, it’s noteworthy that BTC may witness increased selling pressure ahead as the US government could sell nearly 69,000 BTC, CoinGape Media reported.

Ethereum Price Today

ETH price slipped nearly 3% in the past 24 hours and is currently trading at $2,439. The coin’s intraday low and high were recorded as $2,405.13 and $2,520.41, respectively. Meanwhile, spot Ethereum ETFs recorded net flows worth $0 million over the past day, per Sosovalue data, sparking investor speculations globally. Whale Alert data illustrated that ETH dumps to Coinbase were on the rise, aligning with the price’s waning movement.

Solana Price Today

As an analyst, I’m reporting that I observed a decrease of more than 3% in the value of SOL cryptocurrency over the past 24 hours, with its current price standing at approximately $145. During this period, the coin’s lowest and highest points were recorded as $143.60 and $152.10, respectively. Today, Solana’s market capitalization settled around $67.94 billion. The price fluctuations of SOL seem to align with broader market trends.

XRP Price Today

In the last 24 hours, the price of XRP dropped approximately 2%, currently standing at $0.5322. Its lowest and highest points within this period were $0.5291 and $0.5454, respectively. The market capitalization for XRP today is estimated to be around $30.1 billion. However, it seems that the anticipated Ripple-SEC settlement might not occur due to a recent filed appeal, according to CoinGape Media’s report.

Meme Coins Prices Today

At the same time, the value of Dogecoin (DOGE) decreased by almost 4%, now trading at $0.1095. In a similar fashion, Shiba Inu (SHIB)’s price also dropped approximately 4% to $0.00001761. Over the past 24 hours, PEPE, WIF, and BONK prices have dipped between 3% and 8%.

Top Cryptocurrency Gainers Prices Today

First Neiro On Ethereum Price

NEIRO’s price experienced a significant jump of approximately 19% over the past day, currently standing at $0.001727. The coin reached an intraday low of $0.001395 and peaked at $0.001872 during this period.

Sui Price

Today, the value of SUI saw a significant increase of around 11%, currently being traded at approximately $2.10. Its lowest and highest points during the day were $1.89 and $2.16 respectively.

Conflux Price

As an analyst, I am observing that the value of CFX has experienced a significant increase of approximately 3.5% over the past 24 hours. Currently, it is being traded at $0.1891. Over the same period, the crypto’s lowest and highest points were recorded at $0.1818 (minimum) and $0.2131 (maximum), respectively.

Top Cryptocurrency Losers Prices Today

Popcat Price

POPCAT price dropped 8% in the past 24 hours and is now trading at $1.30. The coin’s intraday low and high were recorded as $1.27 and $1.48, respectively.

Bonk Inu Price

Over the last day, the value of BONK has decreased by more than 7%, currently standing at approximately $0.0000214. The lowest and highest points in its daily price range were marked at $0.00002113 and $0.00002329 respectively.

Ethena Price

Today, the Enigma (ENA) token surged more than 6%, hitting a high of $0.2885. Its lowest point during the day was $0.2833, while its highest point was $0.3102.

In addition, the one-hour graphs showed a decrease of 0.12% for Bitcoin and 0.05% for Ethereum, causing more anxiety among investors about the current prices of cryptocurrencies.

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2024-10-08 07:45