Yesterday, Bitcoin (BTC) was on the verge of reaching $70,000, but today, the crypto market saw a significant pullback. Bitcoin dropped to $67,000, causing major altcoins like Ethereum (ETH), Solana (SOL), and XRP to follow suit. Meanwhile, the global cryptocurrency market cap fell 1.79% to stabilize at $2.33 trillion. Despite the downturn, the market volume jumped 29.45% to $85.17 billion.
Bitcoin (BTC) and Ethereum Price Update
Over the past 24 hours, Bitcoin has lost nearly 2% of its value, trading at $67,302 at the time of writing. BTC hit an intraday low of $66,581, with a high of $69,151. Notably, on October 21, Bitcoin ETFs saw inflows of $294.29 million, although this did not prevent the price from falling. BTCâs market dominance increased slightly to 57.16%, while its total market capitalization remained stable at $1.33 trillion.
On the other hand, Ethereum is down 3%, currently trading at $2,641. ETHâs intraday low was $2,616, with a high of $2,742. Interestingly, on the same day, Ethereum spot ETFs saw outflows of $20.80 million, signaling a decline in institutional interest. ETHâs market cap also fell to $318.07 billion amid Bitcoinâs decline.
Solana and XRP Price Movements
Solana (SOL) is down nearly 2%, currently trading at $166. SOLâs daily low was $161.81, with a high of $171.43. Solanaâs market capitalization has fallen to $78.01 billion. However, co-founder Anatoly Yakovenkoâs recent criticism of the Ethereum ecosystem has drawn more attention to SOL.
Meanwhile, XRP is trading at $0.5429 after falling 1%. XRP hit a low of $0.5407 and a high of $0.5594 today. Its market cap is $30.79 billion. In related news, Ripple transferred 200 million XRP amid the ongoing legal battle, sparking interest in the asset.
Altcoins challenge Bitcoin trend
While Bitcoin continues its downtrend, some altcoins are showing resilience. For example, Aptos (APT) is up 11% and is currently trading at $11.04. APT's daily low is $9.83, with a high of $11.18. Another notable coin is Cat in a Dogs World (MEW), which is up 7% and is currently trading at $0.009147. Axelar (AXL) is also up 7%, reaching $0.8951, despite Bitcoin's struggles.
Bittensor (TAO), on the other hand, is down 7%, currently trading at $555.23. TAOâs daily range extends from $543.98 to $595.76. Aerodrome Finance (AERO) is down 6%, currently at $1.20, and Mog Coin (MOG) is down 5%, trading at $0.000002109.
While Bitcoin is leading the market downturn, certain altcoins are performing well against the broader decline. Investors remain cautious as global market capitalization continues to fluctuate, but rising market volumes suggest there is still significant interest.
