Crypto Price Update October 5: Market Resurges as BTC Climbs $62K, But REEF Plummets 14%

The crypto market has shown signs of a resurgence today as the majority of the coin prices are trading in green according to the crypto heat map market overview. Over the last 24 hours, the total market valuation has increased by 1.59% to $2.16 trillion. After a few days of downtrend ignited by the geopolitical tension in the Middle East, the market is looking to end the week on a positive note.

Notably, the general market sentiment now reflects a ‘neutral’ state as presented by the crypto fear and greed index. This is a significant jump from yesterday’s ‘fear’ sentiment. However, while the market is gaining momentum, the REEF coin has taken a different direction, declining by over 14% in the last 24 hours. 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

After dipping to $60k earlier today, the price of Bitcoin has regained momentum, reclaiming the $62k level as it struggles to regain its weekly loss. According to on-chain data, BTC increased by 1.60% to change hands at $62,193. However, its one-day trading volume declined by 21% to rest at $27.3 billion.

The recent price increase coincides with a $25.59 million BTC ETF inflow as of October 5. Bitcoin’s market cap now stands at $1.22 trillion.

Earlier today, Coinfomania reported an increase in Bitcoin whale activity after an ancient whale from 2009 returned to move $3.2 million BTC to the Kraken exchange. Even though this action depicts bearish, it has failed to impact the upward trajectory maintained by BTC today.

Similarly, the second-largest cryptocurrency by market cap, Ethereum has recorded notable gains over the last day. Per CoinMarketCap data, the price of ETH jumped by 1.98% to trade at $2,420.

Notably, Ethereum has touched the low and high of $2,352.95 and $2,441.02 respectively. Also, Ethereum exchange-traded funds (ETFs) saw a $7.39 million inflow as of October 4 as per Soso Value data.

Other Altcoin Prices

Solana jumped significantly in the last 24 hours. SOL’s price added 3.94% of its value and changed hands at $144.26. Solana’s one-day low and high reached $138.30 and $144.35 respectively. Also, the SOL’s market cap rested at $67.6 billion at press time.

The XRP price increased by 2.22% in the past 24 hours to trade at $0.5336. The Ripple-backed coin moved between the low and high of $0.5165 and $0.5384 respectively. Importantly, XRP’s market cap also rose to $30.1 billion.

Binance native Coin, BNB surged by 2.77% to change hands at $563.34 and maintained a 24-hour trading range of $545.01 and $563.23 respectively. The TRX price declined by 1.60% to trade at $0.1546 with a 24-hour trading range of $0.1546 and $0.1579 respectively.

Meanwhile, Reef an extensible, efficient, and fast layer-1 blockchain for DeFi, NFTs, and gaming, took a nosedive in the last 24 hours. Its native coin REEF plummeted by 14.04% to change hands at $0.005405.

However, its trading volume over the last day skyrocketed by 83.07% to rest at $82.2 million making it the 74th most-traded asset in the last 24 hours.

The memecoin market traded mostly in green today. The price of Dogecoin increased by 1.26% to reach $0.1091 today. Also, Shiba Inu, the second-largest memecoin, rocketed by 5.4% to $0.0000176. PEPE added 5.17% while Dog Wif Hat (WIF) surged by 9.51%.

Top Trending Crypto Gainers Today

Popcat (SOL) POPCAT skyrocketed by 21.99% to reach $1.25

Bittensor (TAO) moved up by 14.33% to $586.89

Cat in a Dogs World (MEW) surged 12.26% to $0.005667

ConstitutionDAO (PEOPLE) jumped by 10.88% to $0.06954

Celo (CELO) added 8.75% to $0.7227