October 1, 2024

Dogecoin (DOGE) led losses among major tokens with an 8% haircut over the past 24 hours, CoinGecko data shows, with XRP (XRP), Solana’s SOL, BNB Chain’s BNB and ether (ETH) losing as much as 6%.

Smaller tokens with a market cap under $2 billion fared worst, with Sei Network’s SEI, memecoin floki (FLOKI) and Starknet’s STARK falling as much as 16%.The CoinDesk 20, a measure of the most liquid digital assets, had its worst drop in weeks.

Bitcoin (BTC) rose above $61,500 in Asian morning hours Wednesday after sliding to as low as $60,300 late Tuesday as a Middle East conflict grows, denting hopes for a rally in the asset’s historically most bullish month.