Crypto Prices on Oct 3: BTC, ETH, SOL & XRP Fall Amid Middle East Tensions
The cryptocurrency market experienced a turbulent day as geopolitical tensions in the Middle East intensified. According to CoinGape, Bitcoin (BTC) settled at $60K while Ethereum (ETH), Solana (SOL), and XRP saw declines ranging from 2% to 10%. The global crypto market cap decreased by 1%, resting at $2.11 trillion, with total market volume dropping nearly 20% to $93.11 billion.
Massive Bitcoin Whale Dumps $46 Million in BTC
A significant sell-off was observed when a large-scale investor offloaded approximately $46 million worth of Bitcoin amid price drops below the critical threshold of $60,000. CryptoGlobe reports that this whale had previously accumulated around 3,933 BTC valued at about $234 million between late August and mid-September before moving substantial amounts back into exchanges like Binance during recent downturns triggered by escalating conflicts involving Iran and Israel.
Crypto Market Dips Due to Rising Geopolitical Tensions
The digital asset sector faced setbacks as its overall valuation fell by over three percent within just one day due in large part to ongoing instability across regions such as those found throughout parts surrounding both Syria and Lebanon's borders, alongside other areas impacted directly or indirectly through actions taken against them recently, according to Yahoo Finance analysis which highlights how traders are increasingly turning towards gold under current uncertainties affecting traditional markets worldwide today.
Sources:
- Crypto Prices on Oct 3: BTC, ETH, SOL, & XRP Fall As Middle East Tensions Rise
- Capitulation? Massive Bitcoin Whale Dumps $46 Million in BTC as Price Plunges
- Crypto market dips amid rising geopolitical tensions
- Cryptocurrency Price Today (October 3): Bitcoin Remains Below $62,000, Top Coins Remain Low
- Bitcoin drops below $62,500 on news of Iran's imminent missile attack on Israel
- Bitcoin Falls To Almost $60,000 As Middle Eastern Concerns Roil Markets
- Ethereum FUD returns as ICO whale offloads another $47M
- Ethereum Options Volatility Outstrips Bitcoin’s as US Election Looms. Why it Matters
- Late to Bitcoin and Ethereum? Discover What’s Set to Outperform This Cycle. | by Jayden Levitt | Sep, 2024
- Ethereum Rejected: Can It Avoid a Deeper Downturn?
- BlackRock Digital Assets Head Says Firm’s Ethereum ETF ‘Underwhelming’ Compared to Bitcoin Product: Report
- More Like Cardano? Buterin Unveils Plan for Enhanced Decentralized Ethereum
- Crypto Market Selloff: Bitcoin and Altcoins Crash In Major Shakeout Before ‘Uptober’ Rally
- Bitcoin’s Grip on the Market Weakens, Altcoins Take Off – But There’s a Catch
- Bitcoin Plummets to $60K but These Altcoins Crashed Harder (Market Watch)
- Rising New Altcoin Poised For Top 20 With Litecoin To Be Knocked Out By Surging SUI
- Altcoins That Are Going Ballistic: Investors Eyes Set On Kaspa, Dogwifhat and Cutoshi
- Is cheqd the Most Promising New Infrastructure Altcoin?
- Brandt Identifies Bitcoin “3 Blind Mice” Pattern Amid Drop: Here’s What It Means for BTC Prices
- Expert Predicts Bitcoin Final Major Dip as Crucial Indicator Emerges
- Will Bitcoin Price Really Hit New All-time High In ‘Uptober’?
- Ethereum could bounce off key support level as Middle East crisis weigh on crypto market
- ETH Community Moves In On The Hot New Altcoin In Town Cutoshi
- Ethereum (ETH) Price Prediction for October 2
- Litecoin Now Available on MoneyGram App, Alongside BTC and ETH
- Ukraine ETC Situation Report #39 (Reporting period: 01/09/2024 to 30/09/2024)
- Magnificent Seven Stocks: Broadcom Ties Tesla As Nvidia Nips At Microsoft's Heels
- Light & Wonder (LNW) Market Cap Tanks $1.9 Billion On
- Sino Prima Gas Technology Co., Ltd.'s (SZSE:300483) market cap surged CN¥410m last week, retail investors who have a lot riding on the company were rewarded
- The S&P 500 is too tech-heavy. This alternative ETF keeps beating it.
- There's a Moo Deng crypto token that has a market value of $200 million
- EGX ends Tuesday bullish, market cap hits record
