Today, fluctuations in the crypto market again confused investors. In particular, Bitcoin (BTC) retreated to the $69,000 level, while Ethereum (ETH), Solana (SOL) and XRP also remained in the red zone. Moreover, the total value of the crypto market decreased by 3.76% to $2.34 trillion. Despite this, it was noteworthy that the transaction volume increased by 5.29% to 92.45 billion dollars. As Kriptokoin.com, we examine the current outlook of the market.
Leading Cryptocurrency Bitcoin and Ethereum Prices Today
First of all, Bitcoin is trading at $69,289, down 4% in the last 24 hours. During the day, the lowest was $68,779.70 and the highest was $72,662.31. However, BTC’s market cap stands at $1.37 trillion today. Moreover, while Bitcoin’s dominance dropped to 58.84%, $32.14 million inflow into spot Bitcoin ETFs as of October 31 created excitement among investors. However, the fluctuating course of the market cannot be ignored.
Ethereum, similarly, could not escape the downtrend. ETH price fell to $2,498, losing nearly 6%. More importantly, Ethereum’s lowest price on the day was $2,467.82, while its highest price was $2,656.45. Moreover, the market cap of Ethereum was recorded at $301.37 billion. On the other hand, spot Ethereum ETFs received $13.06 million in inflows yesterday. These developments naturally continue to raise the expectations of cryptocurrency investors.
Solana Price Today
However, Solana also followed the general mood of the market and lost 4% of its value. SOL, currently traded at $167, dropped to $165.69 during the day. Moreover, the highest level was recorded at $176.22. Additionally, Solana’s market cap dropped to $78.68 billion. Meanwhile, Canary Capital’s Solana ETF application to the US SEC, interestingly, increases the interest in this cryptocurrency and causes Solana investors to turn their eyes to the developments.
Likewise, the XRP price dropped nearly 1% to $0.5182. Notably, XRP’s lowest level during the day was $0.5039, while its highest level was $0.5218. Moreover, the market cap of XRP dropped to $29.48 billion. However, the whale movements in the last 24 hours naturally attracted the attention of investors. This increased uncertainties about the future price movements of the cryptocurrency.
Meme Coins Prices Today
On the other hand, meme coins also followed the general market trend and things did not go well. For example, Dogecoin (DOGE) fell 7% to $0.1584. Additionally, Shiba Inu (SHIB) lost 5% to $0.00001772.
Moreover, meme coins such as PEPE, WIF, and POPCAT also fell between 4% and 8%. These losses naturally indicate that meme coin investors will not be comfortable in the short term.
The Most Gaining and Losing Cryptocurrencies of the Day
However, some cryptocurrencies showed a positive picture today. For example, Celestia (TIA) rose 5% to $4.89. The lows and highs for the day were $4.58 and $4.96, respectively. Meanwhile, Kaia (KAIA) rose 3% to $0.1341. Moreover, Maker (MKR) gained 1.5% to $1,283. As a result, these increases were considered positive signals that attracted the attention of investors.
On the other hand, the day was not so good for some cryptos. For example, Immutable (IMX) lost over 13% to $1.17. Additionally, WIF fell 8% to $2.34. Moreover, BRETT lost 7% to $0.089. These sharp declines ultimately showed once again how volatile the crypto market is and increased investors’ risk perception.
