Crypto Price Update October 3: BTC at $60K, XRP Crash by 14% Following SEC Appeal

The prices of crypto in the market have tanked today following the geopolitical tension in the Middle East. The plummet started after Iran fired 180 missiles at Israel two days ago. This immediately led to more than $100 billion being wiped out from the market. At press time, the total crypto market valuation is at $2.09 trillion, representing a 3.77% decline over the last day.

As a result, investors’ confidence fell from ‘neutral’ to ‘fear’ according to data from the crypto fear and greed index. The leading cryptocurrency Bitcoin declined from $64k to $60k, and major altcoins followed.

Meanwhile, XRP was rocked with a major downturn after the Securities and Exchange Commission filed an appeal earlier today to challenge the XRP classification ruling by Judge Torres. Below is an overview of the crypto market and how the prices of the top crypto have reacted in the last 24 hours.

Top Crypto Prices Today

The price of Bitcoin showcased high volatility in the early Asian trading hours today. After recording an intraday trading high of $62,233, BTC declined by 2.65% to trade at $60,189. Also, its one-day trading volume plummeted by 17% to $41.3 billion.

Notably, the decline coincides with a $91.76 million outflow in spot Bitcoin ETFs. Bitcoin’s market cap rested at $1.18 trillion at press time.

Ethereum also saw significant declines within the last day. As per on-chain data, the price of ETH dropped by 6.34% to trade at $2,322. Also, Ethereum traded between a low and high of $2,333.03 and $2,480.68 respectively in the last 24 hours.

Moreover, Ethereum recorded a decline in its trading volume over the last day by 16% to $21.5 billion. However, its spot ETF saw a daily total inflow of $14.45 million as of October 2 according to Soso Value data.

Other Altcoin Prices

Solana declined significantly in the last 24 hours. SOL’s price lost 7.22% of its value and changed hands at $137.27. Solana’s one-day low and high reached $135.84 and $148.61 respectively. Also, the SOL’s market cap rested at $64.3 billion at the time of writing.

The XRP price crashed by almost 14% in the past 24 hours to trade at $0.516. The coin moved between the low and high of $0.5105 and $0.5949 respectively. Importantly, XRP’s market cap also dropped to $29.26 billion.

Earlier today, Coinfomania reported that the SEC filed an appeal to challenge the XRP ruling by Judge Analisa Torres that classified the secondary sales of the coin as non-security. This outcome is the major reason behind the sudden crash in the XRP price.

Binance native Coin, BNB lost 1.16% of its value to reach $546.97 and maintained a 24-hour trading range of $539.02 and $542.90 respectively. The TRX price added 0.13% to trade at $0.1541 with a 24-hour trading range of $0.1531 and $0.1556 respectively.

An overview of the memecoin market depicts a bloodbath. The Dogecoin price dropped by 2.61% to reach $0.1036 today. Also, Shiba Inu, the second-largest memecoin, crashed by 3.36% to $0.00001599. PEPE crashed by 8.85% while Dog Wif Hat (WIF) dropped by 10.64%.

Top Trending Crypto Gainers Today

Alpine F1 (ALPINE) skyrocketed by 15.990% to reach $1.309

SUN moved up by 10.46% to $0.01838

Axelar (AXL) jumped by 8.79% to $0.6371

Aptos (APT) surged 7.73% to $8.21

Civic (CVC) added 5.12% to $0.1316