The crypto market has experienced a significant decline in October, with Bitcoin dropping to $60,000 and altcoins also experiencing price drops. Bitcoin had reached over $66,000 just a few days earlier, but bears quickly pushed it downward. Despite briefly jumping to over $62,000, Bitcoin has currently settled at around $60,500. The market capitalization of Bitcoin has fallen to just under $1.2 trillion, and its dominance over altcoins has risen to 54.5%. In other news, the SEC's decision to appeal a court ruling against Ripple had a negative impact on XRP's price, causing it to drop by 14%. Other major altcoins such as Ethereum, SOL, AVAX, and LINK also experienced price declines. The total crypto market cap has fallen to $2.2 trillion, resulting in a loss of approximately $150 billion since the start of October.
- Content Editor ( cryptopotato.com )
- 2024-10-03
Crypto Markets Bleed $150 Billion in 2 Days as Bitcoin (BTC) Slumps Toward $60K (Market Watch)