Bitcoin Price Recovers, Enters Uptober
Bitcoin is exhibiting bullish momentum in its historically favorable month. Despite briefly dipping below $63,000 earlier today, it has since recovered and currently hovers around $64,000.
Altcoin Market Overview
While Ripple (XRP) and Dogecoin (DOGE) have experienced notable losses in the past 24 hours, other altcoins such as SUI, NEAR, and UNI are performing well in the green.
SUI's Notable Rise
SUI has emerged as the top performer among large-cap altcoins, posting an impressive 6% gain since yesterday. Its price has reached a multi-month high of over $1.85.
Other Altcoin Gains
Other altcoins exhibiting strong gains include POPCAT (11%), WIF (8%), FTM (8%), and HNT (8%).
Market Analysis
The total cryptocurrency market capitalization remains relatively stable at $2.370 trillion. Bitcoin's dominance over altcoins has decreased to 53.4%.
Bitcoin/Price/Chart 01.10.2024
[Image of Bitcoin price chart from TradingView]
Cryptocurrency Market Overview
[Image of cryptocurrency market overview from QuantifyCrypto]
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