Crypto Price Update October 16: BTC Breaks $67K, Leads Global Market Rally

It is usually a delight when the crypto market shows signs of resurgence. In the early Asian trading hours today, the broader crypto market traded mostly in green igniting optimism among traders and investors. With ‘Uptober’ gradually coming around, the prices of coins are exhibiting promising patterns that signal a more bullish outlook.

As a result, investor confidence has spiked this week, jumping to the ‘greed’ zone, a point not seen in almost three months according to crypto fear and greed index data. Moreover, the total market valuation took flight, reaching $2.31 trillion after increasing by 1.87% in the last 24 hours. Global trading volume was not left behind, the metric moved up by 18.56% to reach $106.93 billion. Below is how the top cryptocurrencies have reacted in the last 24 hours.

Top Crypto Prices Today

In 24 hours, the flagship cryptocurrency, Bitcoin, has experienced highly volatile movement. After dropping as low as $64,900, the price of BTC rebounded, surging by 2.54% to reach $67,128. Additionally, Bitcoin’s one-day trading volume rocketed by 20% to rest at $49.11 billion.

Notably, Bitcoin has a live market cap of $1.33 trillion, taking up more than half of the entire crypto market cap. Amid the rally, Bitcoin ETFs saw significant inflows of $371.02 million as of October 15 according to Soso Value data.

The leading altcoin, Ethereum has taken a similar path today. The price of ETH increased marginally by 0.34% to trade at $2,610. It is important to know that Ethereum has traded between the low and high of $2,543.48 and $2,677.39 respectively over the last day.

Trading volume also surged by 10% to $21.93 billion with a live market cap of $314.2 billion. However, Ethereum spot ETFs recorded heavy outflows of $12.70 million on October 15.

Top Altcoin Prices

The Solana price declined by 0.18% and is now trading at $154.10 at the time of writing. The coin experienced an intraday low and high of $151.23 and $158.90, respectively. Solana’s market cap was at $72.4 billion at press time.

The XRP price dipped by 0.94% in the past 24 hours and is now trading at $0.5406. Its 24-hour bottom and top touched $0.5332 and $0.5491, respectively. Moreover, XRP’s market cap rested at $30.6 billion today.

Binance-backed BNB coin increased by 1.41% to trade at $591.05 and maintained a 24-hour trading range of $578.95 and $602.57 respectively. Similarly, the TRX price added 0.33% to its value to change hands at $0.1592 maintaining a 24-hour trading range of $0.1572 and $0.1596 respectively.

Meanwhile, Toncoin (TON) only saw notable declines in the last 24 hours. Per CMC data, TON dropped by 1.10% to trade at $5.20. Amid the downtrend, however, its one-day trading volume surged by 29% to reach $245.29 million. Ultimately TON traded between the bottom and peak of $5.15 and $5.31 in the last 24 hours.

The Dogecoin (DOGE) price saw a 2.07% increase in value and is currently changing hands at $0.118. However, the Shiba Inu (SHIB) price dropped by 1.27% to $0.00001808. Meanwhile, PEPE, WIF, and BONK prices all declined by 4.6%, 8.5%, and 4.01% respectively in the past 24 hours.

Top Trending Crypto Gainers Today

Goatseus Maximus (GOAT) skyrocketed by 90.06% to reach $0.2424

DeepBook Protocol (DEEP) added 29.86% to $0.003677

Storj (STORJ) surged 23.43% to $0.6100

Ark (ARK) moved up by 18.91% to $0.5842

FC Barcelona (BAR) jumped by 11.39% to $2.073