Today's crypto scene is buzzing with excitement, and it's all thanks to two meme coins stealing the spotlight!
We're kicking off October with a bang, as Bitcoin starts to shake off its recent slump and climbs back up to around $64,000. After all, October has a reputation for being a bullish month for Bitcoin, and the community is keeping a close eye on every move.
September turned out to be surprisingly strong for BTC, despite expectations of a bearish trend. In fact, Bitcoin closed the month with its biggest gains on record! Over the last weekend, it even soared to $66,500, marking its highest point in almost two months. But like a rollercoaster, it couldn't keep up the pace and took a dip.
After a bit of a wobble on Saturday and Sunday, the real correction hit on Monday and Tuesday morning, dragging Bitcoin down to just under $63,000. But hey, it's bounced back by about a grand, though still trading slightly below $64,000. This has nudged its market cap down to $1.263 trillion and its dominance over altcoins to 53.4%.
Speaking of altcoins, most of the bigger names have mirrored Bitcoin's minor setbacks. BNB, TON, ADA, AVAX, SHIB, LINK, and BCH saw small losses, while XRP and DOGE took a bigger hit, dropping over 3% in the last 24 hours.
On the flip side, some alts are enjoying a green day! NEAR, UNI, FET, and AAVE have all risen by around 3%. And the star of the show? SUI, which has shot up by 6%, hitting a multi-month high of over $1.85.
But wait, there's more! POPCAT (up 11%), WIF (up 8%), FTM (up 8%), and HNT (up 8%) are also basking in impressive gains.
Despite all these ups and downs, the total crypto market cap is holding steady at around $2.370 trillion. So buckle up, folks, because the crypto market is as wild and thrilling as ever!
