Crypto Market Update October 4: Bitcoin Holds Still at $61K, Aptos Jumps 9.92%, While Ethereum and Solana Sink — What’s Next for Crypto?

The cryptocurrency market faced a 2.12% dip over the last 24 hours, with the total market cap now cruising at $2.11 trillion. The market’s overall trading volume also bottomed by 18.94%, exposing investors’ cautious sentiment, likely motivated by ongoing geopolitical tensions. The Fear & Greed Index remains at 36, indicating rising anxiety within the market. Despite these factors, Bitcoin (BTC) has managed to stay relatively stable, while major altcoins are feeling the pressure.

Meanwhile, Coinfomania expert price prediction today reports that coming on the heels of the announcement of the acquisition of HashPalette Inc. — the creator of the Palette blockchain and a subsidiary of HashPort Inc. — by the developer of the Aptos blockchain — Aptos Labs — Aptos’ (APT) price was within a range of $8.1773 prior, showing moderate fluctuations that normalized between 4 PM and 8 AM. Per the report, APT was trading at $8.92, marking a 9.92% upside in the past 24 hours.

Analyzing Bitcoin Price Points

Bitcoin’s price remained steady, downing only 0.10% to $61,137.70. However, trading volume has dropped by 13.75%, suggesting investors are preparing for potential market fluctuations. On October 3, Bitcoin saw significant outflows of $54.1 million from spot ETFs, particularly from FBTC and ARKB. This was partially offset by inflows of $35.96 million into IBIT, indicating some investor interest, although caution remains the prevailing mood amid global uncertainties. Whale activity has increased, sparking further market speculation.

BINANCE: BTCUSD Chart. Source: TradingView

Altcoin Market Performance 

Ethereum (ETH) has been under pressure, slipping 0.66% to $2,376.68. Net withdrawals of $3.2 million from Ethereum ETFs on October 3 are likely contributing to the downward trend. Despite this, ETH has managed to hold its key support levels, though investor reluctance persists.

Source: CoinMarketCap 

Solana (SOL) tested a sharper decline, losing 2.58% and trading at $138.31. The coin is mirroring the broader market downturn, struggling to stay above its recent lows.

XRP followed suit, dropping 1.99% to $0.5279, reflecting the negative sentiment affecting much of the altcoin space.

Top Gainers

Aptos (APT) is cruising a 1-day 2.99% break, selling at $8.83, per CMC data.

FTX Token (FTT) ballooned by 17.30%, seizing $2.40, making it the top-performing asset of the day.

Monero (XMR) enjoyed a 4.78% increase, now trading at $144.

Aave (AAVE) gained 4.42%, currently cruising at $146 per coin.

Top Losers

Sui (SUI) led the losses, plunging by 12.84% to $1.75.

Bonk (BONK) bottomed 10.63%, trading at $0.00002003.

Conflux (CFX) took in a 10.14% drop, now at $0.1616.

Here Are the Market Highlights

BTC hovered around $61,398, up 0.5% in the past 24 hours, with an intraday range between $59,878.80 and $61,469.04. The coin’s market cap is now at $1.2 trillion and maintains a 56.97% market dominance.

Source: CoinMarketCap

ETH fell over 1%, hitting an intraday low of $2,311.03 before settling at $2,364. Increased whale activity has been noted, adding to speculation around future price movements.

SOL dropped 4%, with its market cap at $64.35 billion. The coin faced high volatility, with prices ranging between $133.55 and $142.81.

Source: CoinMarketCap

XRP slipped 2%, currently trading at $0.5248, facing heavy whale dumps, which have added downward pressure.

In the Meme Coins Corner 

Dogecoin (DOGE) gained 0.5%, trading at $0.1067.

Shiba Inu (SHIB) slipped 1% to $0.0000165.

Other meme coins, PEPE, WIF, and BONK, fell 7%-12%, continuing their volatile trends.

With Bitcoin holding still while altcoins, including ETH, SOL, and XRP, continue to struggle, investor caution is evident in the reduced trading volumes and ETF outflows. Meanwhile, meme coins and smaller tokens like Sui, Bonk, and Conflux saw steep declines, though FTX Token and privacy-focused Monero managed to shine as top gainers.