Crypto Price Update October 7: BTC Climbs $63K, MOG Surges 17%, Major Altcoins Rally

The crypto market has been in a state of rollercoaster over the last week. With several macroeconomic and geopolitical factors impacting the market, investors struggled to remain bullish eyeing the bigger picture. Today, the crypto prices in the market have shown signs of resurgence as the majority of the coins are trading in green according to an overview from the crypto heat map.

Consequently, the total market valuation surged by a notable 2.56% to reach $2.21 trillion. This is a significant improvement from last weekend’s valuation of $2.16 trillion. Also, the market’s one-day trading volume skyrocketed by 43% at the time of writing to rest at $52.63 billion.

What is more, the investors’ confidence in the market has remained ‘neutral’ as per the crypto fear and greed index data. 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 traded as high as $63,937 earlier today. However, the flagship cryptocurrency retraced marginally and is now changing hands at $63,495. This indicates a 2.49% increase in the last 24 hours. Notably, Bitcoin experienced a surge in trading volume over the last day, jumping by 57.56% to rest at $19.5 billion.

Moreover, as of October 4, Bitcoin ETFs saw a daily total net inflow of $25.59 million according to Soso Value data. Coinfomania reported earlier today that Metaplanet, a Japanese publicly-traded company increased its Bitcoin portfolio by acquiring 108 BTC, spending 1 billion yen (or $6.7 million) for this purpose. This translates to a bullish outcome and could be one of the factors triggering the current rise in the price of the asset.

Leading the altcoin market, Ethereum, the second-largest cryptocurrency by market cap, also advanced over the last day. As per on-chain data, the price of ETH increased by 3.07% to change hands at $2,488. Also, its 24-hour trading volume spiked by 47% to reach $11.2 billion.

Notably, Ethereum traded between the range of $2,415.45 and $2,510.00 while recording a $7.39 million ETF inflow as of October 4.

Other Altcoin Prices

The crypto Solana saw a remarkable 4.0% increase in value and is now trading at $149.21. The coin experienced an intraday low and high of $142.73 and $150.63, respectively. Solana’s market cap rested at $70.01 billion today.

Meanwhile, the XRP price recorded gains worth 2.11% in the past 24 hours and is now trading at $0.5422. Its one-day low and high touched $0.5289 and $0.5428, respectively. What is more, XRP’s market cap rested at $30.6 billion today. XRP has surged despite the recent appeal notice filed by the Securities and Exchange Commission (SEC) to challenge the court’s ruling in the Ripple lawsuit.

Binance native Coin, BNB increased by 2.58% to trade at $576.95 and maintained a 24-hour trading range of $561.52 and $576.90 respectively. The TRX price added only 0.69% to its value to trade at $0.1545 with a 24-hour trading range of $0.1533 and $0.1549 respectively.

One coin that has seen a significant increment in its value over the last day is the MOG coin. The memecoin, occupying the #98 position on the global crypto market chart, skyrocketed by 17.72% in the last 24 hours. As a result, the Ethereum-based token now trades at $0.000001689.

Additionally, its trading volume over the last day ballooned by 103% to rest at $22.3 million making it the 167th most-traded crypto asset over the last day.

As the memecoin frenzy continues, the two largest memecoins by market cap, Dogecoin, and Shiba Inu, have also seen significant spikes in value.

According to on-chain data, the price of DOGE added 4.99% to trade at $0.1142, and SHIB increased by 7.32% to rest at $0.00001859. PEPE and WIF added 13.72% and 19.32% to their values respectively.

Top Trending Crypto Gainers Today

MOO DENG skyrocketed by 188.54% to reach $0.0000858

First Neiro on Ethereum (NEIRO) moved up by 48.50% to $0.001444

Sudeng (HIPPO) surged 27.85% to $0.01633

Notcoin (NOT) added 11.90% to $0.008126

Worldcoin (WLD) jumped by 11.43% to $2.03