Cryptocurrency Prices Today (October 25, 2024): Cryptocurrency markets saw minor volatility today, with global market capitalization down 0.25% to $2.31 trillion and 24-hour trading volume plunging 12.96% to $72.69 billion. Market sentiment remained cautious, with the Fear & Greed Index reading at 56, indicating a neutral view among traders.
Bitcoin Remains Strong as ETF Inflows Rises?
Bitcoin barely grew, rising 0.51% to $67,688.20 over the past 24 hours, while its market dominance rose to 57.96%. This stability was likely catalyzed by $188.11 million in Bitcoin ETF inflows. Despite lower volumes (-12.81%), Bitcoin's position continues to strengthen, with investors keeping a close eye on potential upside momentum amid ETF-related optimism.
Altcoin highlights: Ethereum, Solana, and XRP
Ethereum fell 2.41% to $2,492.31 despite $2.3 million in ETF inflows. Meanwhile, Solana’s price rose 0.30% to $173.62 following a recent statement from its co-founder hinting at plans to add executive ranks similar to Ethereum. The statement sparked interest in the cryptocurrency community. XRP fell 1.12% to $0.5249, becoming another altcoin facing headwinds.
Wonder if ETH price will reach the $5,000 mark in 2024. Read our Ethereum price prediction to find out!
Stocks with the biggest gains
Notably, Safe outperformed the top 100 tokens, rising 78.36% to $1.68 after being listed on the Upbit exchange. Raydium similarly rose 8.85% to $2.99, while MEW rose 7.45% to $0.01129. This growth in memecoins suggests that speculative interest is reviving despite a lull in mainstream cryptocurrencies.
Biggest Loser
On the downside, Mantra fell 9.27% to $1.28, Popcat dropped 8.57% to $1.50, and Pendle dropped 8.51% to $4.60, showing that despite overall market stability, several altcoins are having a tough time.
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