As of September 30, the global cryptocurrency market stands at $2.28 trillion, reflecting a 0.77% decrease in the last 24 hours. Despite some altcoins showing gains, many others experienced a dip, while the overall Market Fear & Greed Index remained neutral at 56.
- Bitcoin (BTC) briefly surpassed $66,000 before settling at $64,560.20, marking a 24-hour decline of 1.39%. Analysts point to profit-taking and institutional interest as key factors behind Bitcoin’s movements.
A sustained push above $66,000 could signal a retest of the $70,000 mark, but a break below $64,000 may bring BTC down to $62,000.
- Ethereum (ETH) remained stable, with a slight dip of 0.04% over the past 24 hours, trading at $2,638.11. ETH has been facing selling pressure, with large sell-offs driving its price lower. A drop below $2,600 could push Ethereum towards further downside, while a recovery may see it testing $2,700 again.
Top Gainers
- FTX Token (FTT) saw a remarkable 35.76% surge, trading at $2.16. Other gainers included Ethena (ENA), Mina (MINA), and Conflux (CFX), all showing significant positive movement in the last 24 hours.
Top Losers
- Shiba Inu (SHIB) saw a decline of 4.16%, with its price now at $0.00001874. Other major altcoins such as Nervos Network (CKB) and Dogecoin (DOGE) also saw losses.
Outlook and Market Sentiment
According to market analysts, Bitcoin’s recent surge in spot ETF inflows and institutional demand from entities like MicroStrategy shows positive momentum. However, market volatility is still high, with investors watching the resistance levels closely. Analysts predict that the upcoming quarter could see Bitcoin aiming for resistance levels around $70,000, driven by positive economic and political factors.
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