A mixed picture emerged in the cryptocurrency market today. The price of Bitcoin (BTC) fell to $ 69,000. Leading altcoins such as Ethereum (ETH), Solana (SOL) and XRP continued to trade in the red. While the global crypto market value decreased by 3.76% to $ 2.34 trillion, the total market volume increased by 5.29% to $ 92.45 billion.
Bitcoin and Altcoins Fall
Bitcoin lost 4% in the last 24 hours, closing the day at $69,289. Ethereum fell to $2,498, while Solana and XRP fell between 1% and 5%. However, Celestia (TIA) rose notably and defied the market decline to become the cryptocurrency that gained the most.
The cryptocurrencies that gained the most today were Celestia, Kaia, and Maker. On the other hand, the cryptocurrencies that fell the most were Immutable, dogwifhat, and BRETT. Celestia rose by 5% to $4.89, while Immutable fell by 13% to $1.17.
Meme coins like Dogecoin and Shiba Inu also saw their value drop, while other meme coins like PEPE, WIF, and POPCAT followed suit with declines of between 4% and 8%.
ETF Flows and Market Trends
Investments in spot Bitcoin and Ethereum ETFs also stood out. As of October 31, $32.14 million was invested in Bitcoin ETFs and $13.06 million in Ethereum ETFs. In addition, ETF applications for Solana are also under review by the U.S. Securities and Exchange Commission (SEC).
Short-Term Movements and Market Speculations
In the latest hourly charts, Bitcoin is up 0.13% and Ethereum is up 0.19%. These slight increases have led investors to short-term moves.
Fluctuations in the cryptocurrency market force investors to take into account the uncertainties in the market. While there is a need to change strategies during this period, it is important to be careful about volatility. The price movements of major cryptocurrencies in particular are seen as one of the main factors determining the general market sentiment.