đ **Crypto Market Update: October 2, 2024** đ
Hey crypto enthusiasts! đ The market is buzzing with activity today, and we've got the scoop!
**Market Overview:**
The total crypto market cap dipped to $2.23 trillion, down 6.5%. Bitcoin briefly fell below $61K but has since stabilized. BTC remains 17% below its mid-March peak, showing some cooling off.
**Geopolitical Impact:**
The Iran-Israel missile exchange shook the markets, causing immediate sell-offs. However, savvy traders on X suggest this might be a temporary dip. What do you think? Share your thoughts below!
**Standout Performers:**
- **Wormhole**: Up 25% after a major South Korean exchange listing. Interoperability FTW!
- **Degen**: Soared 140% post-Coinbase announcement. High-risk, high-reward!
- **Dogecoin**: Down 10%, highlighting meme coin volatility.
**Economic Undercurrents:**
The U.S. dockworkersâ strike adds complexity, potentially boosting crypto as a hedge against inflation.
**Looking Ahead:**
- **Chinese Stimulus**: Could inject liquidity into the market.
- **U.S. Election**: Policy shifts might affect crypto.
- **Macroeconomic Data**: Watch for changes in inflation and employment.
**Your Turn:**
Whatâs your take on todayâs market moves? Drop a comment and letâs discuss! đŹ
Stay tuned for more updates and happy trading! đ
