TL;DR Breakdown
- Bitcoin is emerging from the previous day’s bearish mood.
- Ethereum finds support at $4k while SOL nears ATH.
With more than 13,000 tokens listed on various exchanges, the crypto space is one of the biggest financial assets with BTC, SOL, and ETH. The market capitalization of the entire market has surpassed tech giants like Google.Â
The king coin, Bitcoin dropped by 5.77% on Thursday as the entire market started to turn bearish. On the other hand, Ethereum, the second biggest crypto found support at the $4k price level, suggesting new all-time highs.Â
Bitcoin’s trading volume in the last 24 hours dropped by 13.43%, standing at $42.1 billion. Following yesterday’s flash crash on the Binance.US exchange, BTC action had turned bearish.Â
However, BTC/USDT started Friday on a bullish note as the coin saw the highest price of $63.7k for today. The previous day candle closed at $62.1k which acted as support.
SOL nearing ATH, GRT and RUNE best performers
With a price surge of 8.3% in the last 24-hours, SOL token has performed quite well, with the current price at $204.04. We can expect newer all-time highs soon as the coin is just 4.8% away from ATH. The trading volume stands at $6.5 billion with an 8.5% in market cap of the SOL token.Â
RUNE token has also performed quite well today despite the recent hacks that happened on the network. For a deep analysis in the RUNE/USDT, visit our RUNE price analysis. For today, the highest price was recorded at $11.34 as the market cap surged by 216%, making it one of the most actively traded tokens on the market.
The Graph token (GRT) has also been quite bullish for the past few days, rising by more than 12% on 20th October and by 6.93% on 21st October. The trading volume of the token surged by 39.44% while the market cap is up by 4%.
The entire crypto space made a new all-time high market cap at $2.6 trillion and if similar market movement continues, we are set to witness the birth of a new era in crypto. Â
