Crypto Market Today: Bitcoin (BTC) Holds Strong Despite Uncertainty, Celestia (CELT) Becomes Top Gainer
- Patricia ArquetteOriginal
- 2024-10-12 00:40:10424browse
The crypto industry has shown stability over the previous day, with the global market cap now sitting at $2.14 trillion.
Crypto Market Overview:
Cryptocurrency prices remained largely stable on Friday, with the global market cap showing a slight increase to reach $2.14 trillion. However, investor sentiment remained cautious, as the Fear & Greed Index stood at 37, indicating the presence of fear in the market.
Meanwhile, legal proceedings related to the Bitfinex hack continued, with U.S. prosecutors seeking an 18-month prison sentence for Heather Morgan for her involvement in laundering 120,000 stolen Bitcoin.
On the other hand, a new scam emerged in the crypto industry, with a victim losing $35 million after clicking on a malicious permit link.
Bitcoin Price Update (BTC)
BTC price displayed resilience as it managed to hold strong just above the $61K mark on Friday. Despite minor fluctuations, BTC price seemed to be ranging within a predictable bandwidth.
Moreover, investors had their eyes set on the psychological resistance at $65K, which served as a crucial level for traders.
Altcoins Watch: Celestia Becomes Top Gainer!
Ethereum price showed some signs of recovery as it rose by 0.75% to reach a price tag of $2,416.99. Other prominent altcoins, including Solana and XRP, also registered modest gains of 1.51% to their respective prices of $141.91 and $0.5352.
Top Gainers & Losers
Celestia emerged as the frontrunner in the top gainers list with an impressive 8.05% surge over the previous day. Dogwifhat also made notable moves, rising by 6.24%. Additionally, Sui demonstrated promising numbers with a 5.60% gain.
However, the rosy picture was marred by some notable losses. Fantom took a hit, dropping by 5.81%, leading the pack among today’s top losers. Helium and FTX Token also saw declines, with losses of 3.87% and 2.54%, respectively.
As the market navigated through a mix of gains and minor losses, traders remained cautiously optimistic, keeping a close eye on the market for signs of stronger momentum. This occurred as Fidelity investigated a data breach affecting 77,000 customers, adding another layer of complexity to the market dynamics
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