Cryptocurrency markets were mixed on October 1. Bitcoin (BTC) is stable around $63,000, and mainstream cryptocurrencies such as Ethereum (ETH), Solana (SOL), and XRP are showing volatility. In contrast, Bittensor (TAO) and Sui (SUI) posted significant gains despite the overall poor performance of the market.

Current status of Bitcoin and major cryptocurrencies: Bitcoin price fell from above $66,000 to $63,000, while ETH, SOL and XRP fluctuated daily. BTC's market value is $1.26 trillion, and its market share has slightly decreased to 55.93%.

Overall cryptocurrency market conditions: The total market capitalization of the cryptocurrency market fell 0.77% to $2.25 trillion, but the total trading volume soared 38.6% to $80.68 billion. This volatility has triggered speculative behavior among traders.

Bittensor (TAO) has risen by about 9% in the past 24 hours to $605.86. Similarly, SUI has risen by more than 10% to $1.91. Meanwhile, JasmyCoin and Celestia have seen their prices decline.

The volatility of the cryptocurrency market stems from a variety of factors. It is worth noting that large-scale transactions and ETF flows are important factors affecting market trends.

According to Whale Alert, the ETH market saw a massive sell-off, which could affect investor confidence. In addition, Japan’s Metaplanet bought 107.91 BTC, which could signal the beginning of a bullish trend known as “uptober.”

Among memecoins, the prices of Dogecoin and Shiba Inu have decreased, while the prices of memecoins such as dogwifhat and FLOKI have increased. This reflects the diversity of memecoins and the diversity of investor behavior.

Market analysis suggests that cryptocurrencies are likely to continue to be volatile in the short term. Therefore, it is crucial for traders to keep a close eye on market movements.

Overall, volatility in the cryptocurrency market continues to present both opportunities and risks for investors. Understanding market dynamics and performing careful analysis is essential to making informed investment decisions.

The article is for reference only and does not constitute investment advice.