Cryptocurrency Price Today (October 4): Bitcoin Dips Below $61,000, FTX Token Becomes Top Gainer
Cryptocurrency price on October 4 quick take: The global market cap dipped to $2.17 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, remained below the $62,000 mark early Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds across the board as the overall Market Fear & Greed Index stood at 36 (Fear) out of 100, as per CoinMarketCap data. The Flare (FLR) token became the biggest gainer with a 24-hour jump of over 17 percent. BEAM became the top loser, with a 24-hour loss of over 16 percent.
The global crypto market cap stood at $2.11 trillion at the time of writing, registering a 24-hour dip of 1.11 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $60,985.07, registering a 24-hour dip of 0.61 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 54.06 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,367.03, marking a 24-hour loss of 1.15 percent at the time of writing. Ethereum price in India stood at Rs 2.21 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 0.88 percent, as per CoinMarketCap data, currently priced at $0.1068. Dogecoin price in India stood at Rs 10.30.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.44 percent. At the time of writing, it was trading at $64.09. LTC price in India stood at Rs 5,725.42.
Ripple (XRP) Price Today
XRP price stood at $0.5255, seeing a 24-hour dip of 2.36 percent. Ripple price in India stood at Rs 54.14.
Solana (SOL) Price Today
Solana price stood at $137.71, marking a 24-hour loss of 3.29 percent. SOL price in India stood at Rs 12,236.74.
Top Crypto Gainers Today (October 4)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Flare (FLR)
Price: $0.01733
24-hour gain: 17.54 percent
Wormhole (W)
Price: $0.3447
24-hour gain: 7.97 percent
Stacks (STX)
Price: $1.83
24-hour gain: 5.47 percent
Aptos (APT)
Price: $8.20
24-hour gain: 5.26 percent
eCash (XEC)
Price: $0.00003449
24-hour gain: 3.67 percent
Top Crypto Losers Today (October 4)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Sui (SUI)
Price: $1.65
24-hour loss: 14.96 percent
Bonk (BONK)
Price: $0.0000199
24-hour loss: 12.62 percent
Conflux (CFX)
Price: $0.1611
24-hour loss: 11.87 percent
Sei (SEI)
Price: $0.3846
24-hour loss: 10.76 percent
dogwifhat (WIF)
Price: $2.03
24-hour loss: 9.45 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is trading within a tight range of $60,000 to $61,000 as investors await further geopolitical clarity. BTC’s support level remains at $60,000 and resistance at $61,500. With Blackrock’s report stating that Bitcoin’s volatility has significantly decreased and will continue to do so over time, investor’s confidence in BTC remain strong. On the other hand, Ethereum is also facing a sell-off, correcting by 10% in one week, currently trading at 2,350 levels.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “According to CoinMarketCap's quarterly report, three key US-related factors will affect the price of Bitcoin in Q4. BTC is currently trading at $60,954, down 0.81%, with support at $60,000 and resistance at $64,000. First, macroeconomic conditions, particularly the Federal Reserve's rate decisions and signs of a recession, could limit Bitcoin's growth. Second, US regulatory policy on cryptocurrencies could either boost or dampen market enthusiasm. Finally, institutional investments, particularly in Bitcoin ETFs, could significantly affect prices; a strong tide can lead to a rally. Historically, Q4 has risen by an average of 90.33%, indicating the potential for new all-time highs by the end of the year due to changes in sentiment.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin is currently trading above $60,900. Ethereum and the rest of altcoins saw bearish rally, whereas Aptos token had risen 9.8% on 03-Oct-2024 as Franklin Templeton announced it is planning to expand blockchain capabilities. Ethereum is currently trading above $2,300. Bitcoin market share rose to 58%, close to a three-year peak. The strong economic data along with tensions on the geopolitical front have strengthened the US dollar and thus impacted the prices of cryptocurrencies. Increasing SOFR rates indicates liquidity problems. Relief may come with the US jobs report on Friday, improving the prospect for risk assets if rate cuts are promised. The resilience that Bitcoin showed amid market volatility underscores the rising influence of the crypto."
Shivam Thakral, CEO of BuyUcoin, said, “In the past 24 hours, Bitcoin has experienced a slight decline of 0.42%, falling $61,000. The movement can be attributed mainly to the market's retreat following President Biden's comments regarding Iran and the resulting geopolitical tensions. Despite this downturn, institutional demand for Bitcoin remains robust, with purchases matching or surpassing daily mined quantities. The cryptocurrency market has historically performed well in October, and there are signs that Bitcoin may stabilize above the $60,000 support level.”
CoinSwitch Markets Desk noted, “As BTC dipped below 60k USD for a brief period amid rising geopolitical tensions in the middle east, the market dominance of Bitcoin among cryptos have nearly touched 3 year high - as 60% is now at a touching distance. Though 59,800 usd is a major trend line support, any war escalations might lead to a further dip. In altcoin news, SUI, a layer-1 blockchain whicj had gained more than 120% last month, experienced a major correction after hitting the 2 dollar mark, fell down close to 20% as traders moved their profits to a close competition, Aptos - which recorded its highest price in 3 months.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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