Current Price of Bitcoin as of October 3, 2024
The cryptocurrency market continues to captivate investors with its dynamic nature. According to Fortune's report on the current price of Bitcoin, it stands at $60,562.19 as of this morning, reflecting a slight decrease from yesterday by -0.47%. Despite being known for its volatility, Bitcoin remains an attractive investment option due to its significant growth over recent years and potential benefits such as higher returns compared to traditional stock portfolios.
Cryptocurrency Price Movements Today
A detailed analysis from CryptoCurrencyNews highlights today's fluctuations in major cryptocurrencies like Bitcoin and Ethereum amidst broader market corrections influenced by economic indicators and regulatory updates. Currently trading around $29,500 after a dip of 1.5%, Bitcoin is closely watched alongside Ethereum which has decreased by 2% settling at $1,850. The ongoing scrutiny by the SEC adds another layer of uncertainty affecting investor sentiment across altcoins including Ripple (XRP) and Litecoin (LTC).
Why Is the Crypto Market Down Today?
An article from Cointelegraph explores reasons behind today’s downturn in crypto markets citing geopolitical tensions in the Middle East coupled with increased liquidations impacting both digital assets and equities alike. Over $340 million worth was liquidated within just one day causing further declines; however positive funding rates suggest that traders remain optimistic about future recoveries despite these challenges.
First Mover Americas: Flat Trading for Bitcoin Amid Losses Elsewhere
CoinDesk reports that while other major cryptos are experiencing losses—such as Ether down more than 4%—Bitcoin trades relatively flat showing resilience against external pressures. Larger stakeholders are currently holding their Bitcoin, anticipating upcoming bull runs, which points to a cautiously optimistic outlook.
Sources:
- Current price of Bitcoin as of October 3, 2024
- Cryptocurrency Price Movements Today
- Why is the crypto market down today?
- First Mover Americas: Bitcoin Trades Flat While Other Major Cryptos Nurse Losses
- Crypto market liquidates $272 million in 24 hours as Bitcoin drops to $60k
- Bitcoin stabilizes around $60,000 as on-chain data indicates whales are holding steady
- Ethereum Whale Acquires $66M In ETH Despite 10% Slide In 7 Days: What Is Going On?
- Ethereum Price Grinds Lower: Is the Bullish Momentum Fading?
- Are Layer 2s Parasitic to Ethereum and ETH as an Asset?
- Vitalik Buterin proposes lowering staking threshold to boost Ethereum decentralization
- Ethereum (ETH) Price Signals Potential Bullish Rebound as Vitalik Buterin Opines Potential Path to Mainstream...
- Franklin Templeton Files for Bitcoin and Ethereum Index ETF With the SEC
- Why Altcoins Had a Rough Week
- Top 4 altcoins to watch before the next bull run: BlockDAG, Ethereum, Solana and Binance
- DONT MISS These 3 Pump Altcoins in October
- Crypto Traders Forecast 250% Growth For Popcat (POPCAT) By Q4 End: Two Other Altcoins That Can Produce Huge Returns
- Analysts Pick This New Altcoin IntelMarkets (INTL) To Give More Gains Than Dogecoin and Cardano
- Top Altcoins To Add To Your Watchlist This Week Before The Bull Run Starts: PEPE, XMR and LNEX
- Bitcoin Price Prediction after Almost Dropping to $60K
- Analyst Sets Timeline for Bitcoin Breakout to Elliott Wave 5
- ETH: Grayscale Ethereum Mini Trust, Making Sense Of Under-Performance
- Ethereum Game 'Moonray' Expanding to Mobile With New Auto-Battler
- Ethereum long traders trapped: Will ETH decline in Q4 as well?
- U.S. Election to Have a ‘Big Impact’ on Ether (ETH) Price
- Duke’s AJ Gracia, Kyle Johnson Join ACC Baseball Etc.
- ETC Yemen Dashboard - September 2024
- John King
- Stock Market Movers Today • Top Gainers & Losers
- OpenAI raises $6.6 billion from round funding, pushing its market cap to $157 billion
- Fall 2024 Snapshot Of The S&P 500's Market Cap
- Hitachi nears No. 2 Japan market cap, approaches U.S.-tech growth outlook
- Hitachi nears No. 2 market cap, approaches U.S.-tech growth outlook
- Stock Market Crash: M-cap of BSE-listed companies tumbles nearly ₹10 trillion amid bloodbath on Dalal Street
- Total Crypto market cap drops by 6% as liquidations hit $550 million
