The post Crypto News Today (Oct 24th, 2024): Bitcoin Steady, Solana Soars, GOAT Gains Big! appeared first on Coinpedia Fintech News
Crypto Price Today: The global cryptocurrency market continues its cautious ascent, with a modest 0.12% increase in the last 24 hours, bringing the market cap to $2.32 trillion. Despite this uptick, the 24-hour volume surged by 17.69%, hitting $83.76 billion. The Fear & Greed Index holds steady at 52, reflecting neutral market sentiment.Â
Bitcoin Price Update: A Calm Before the Storm?Â
Bitcoin, up 0.36% to $67,293.24, has been steady, although its 24-hour trading volume dropped by 18.04%. With $192.31 million worth of inflows into Bitcoin spot ETFs, the market shows growing interest, but traders remain wary. The Adjusted Spent Output Profit Ratio (aSOPR) signals Bitcoin is in a key accumulation phase, which often precedes a sharp price move—leaving many to wonder whether this could indicate an imminent surge or a potential correction.
Interested about BTC’s future price? Our Bitcoin Price Prediction answers that and much more!
Altcoins Today: GOAT Becomes Top Gainer?Â
Ethereum saw a 2.28% drop, now priced at $2,552.90, even as its spot ETFs recorded $1.27 million in inflows. Solana, meanwhile, rose 5.17% to $173, continuing its upward momentum. XRP registered a modest 0.20% increase to $0.5308, barely moving the needle for investors looking for stronger signals.
Curious if the ETH price will claim the $5k mark in 2024. Read our Ethereum Price Prediction for details!
Meme Coins and Top Movers
Memecoins are yet again grabbing attention, with Popcat surging by 17.56% and GOAT leading the top gainers with a 25.25% rise. On the losing end, Apecoin tumbled by 8.64%, marking a significant downturn, with Flare and Axie Infinity following closely behind.
As the market remains in a neutral state, the question remains: are we in the midst of a temporary pullback, or is this a deeper correction on the horizon? Investors are keeping an eye on the next move, particularly for Bitcoin, which could set the tone for the broader market.
The post Crypto News Today (Oct 24th, 2024): Bitcoin Steady, Solana Soars, GOAT Gains Big! appeared first on Coinpedia.org.
