Bitcoin (BTC) Remained Below $62,000 Mark Early Thursday, Flare (FLR) Token Became the Biggest Gainer

Bitcoin (BTC), the world's oldest and most valued cryptocurrency, remained below the $62,000 mark early Thursday.

Bitcoin price remained below the $62,000 mark early Thursday, as other popular altcoins, including Ethereum, Dogecoin, Solana, Ripple, and Litecoin, landed in the reds across the board. The overall Market Fear & Greed Index stood at 36 (Fear) out of 100, as per CoinMarketCap data.

Here's a look at the top crypto gainers and losers over the past 24 hours, as per CoinMarketCap data at 11:35 am:

Top Crypto Gainers Today (October 3)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Flare (FLR)

Price: $0.0173324-hour gain: 17.54 percent

Wormhole (W)

Price: $0.344724-hour gain: 7.97 percent

Stacks (STX)

Price: $1.8324-hour gain: 5.47 percent

Aptos (APT)

Price: $8.2024-hour gain: 5.26 percent

eCash (XEC)

Price: $0.0000344924-hour gain: 3.67 percent

Top Crypto Losers Today (October 3)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Beam (BEAM)

Price: $0.0157624-hour loss: 16.61 percent

EigeLayer (EIGEN)

Price: $3.4424-hour loss: 14.33 percent

Ethena (ENA)

Price: $0.312324-hour loss: 12.35 percent

Bonk (BONK)

Price: $0.0000221524-hour loss: 11.58 percent

Ripple (XRP)

Price: $0.535224-hour loss: 10.85 percent

Bitcoin fell to around $60,000 on Wednesday amid escalating tensions following Iranian missile attacks on Israel in retaliation for Israeli actions against militant leaders and Hezbollah. The cryptocurrency fell 3.1% for the day and 4.4% for the week, reflecting increased risk aversion among investors. The U.S. sent military support to Israel, further raising geopolitical concerns.

While Bitcoin saw significant inflows at the end of September, the trend reversed with a notable outflow of $242.5 million on Oct. 1, according to data from digital asset fund CoinShares. Bitcoin saw outflows for the second consecutive week, although the outflows were smaller compared to the previous week.

Despite the recent dips, Bitcoin clocked its strongest September close in more than a decade. A combination of lower inflation readings and the U.S. Federal Reserve pivoting toward smaller interest rate hikes helped fuel a rally in the cryptocurrency throughout the month.

Bitcoin's price movements are crucial for the broader cryptocurrency market, which has seen a total market capitalization of around $2.13 trillion at the time of writing, according to CoinMarketCap.

Among other altcoins, XRP fell 10.66 percent over 24 hours to $0.5347, while Solana dropped 3.62 percent to $141.21. Dogecoin and Litecoin also saw 24-hour dips of 2.13 percent and 0.73 percent, respectively.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.

The above is the detailed content of Bitcoin (BTC) Remained Below $62,000 Mark Early Thursday, Flare (FLR) Token Became the Biggest Gainer. For more information, please follow other related articles on the PHP Chinese website!