TL;DR Breakdown
- Bitcoin moved from $54.6k to $57.4k, as the crypto market cap is $2.3T.
- SHIB and ARPA are the biggest gainers in the past 24 hours; DOGE remains bearish.
The biggest winners include Bitcoin (BTC) and ARPA for today’s market, while most altcoins continue to bleed. The market capitalization of the entire crypto market dropped by 1.62%, at 2.3 Trillion USD.
The month of October has been particularly bullish for BTC and Shiba Inu. In the past 24-hours, Bitcoin rose by 5.15%. The price opened at $54.6k while closing the daily candle at $57.8k.
Considering the price movement for SHIB/USDT, the prices rose by 17% in the past 24-hours. The daily candle opened at $0.0000261 and closed at $0.00003065.
BTC dominance at 47%, cooling off after yesterday’s surge
The Bitcoin dominance is currently at 47%, but there are chances of higher prices in the short term. On the other hand, altcoins continue to drop. SHIB is down by more than 9.8% at writing, while DOGE is down by 5%.
Considering the monthly prices, Dogecoin is up by 7% this month, while Shiba Inu is up by 292% this month. Bitcoin is already up by 4% this week for the weekly prices, while DOGE is down by 10%. For this week, SHIB is up by more than 8%.
ARPA and SHIB continue to dominate the market
Arpa Chain token (ARPA) rose by more than 39% in the past week. The token is currently experiencing a cool-off period as it starts the morning at $0.09797.
ARPA token remained bullish for August as the token rose by more than 84% in that month. Also, It is expected that SHIB will continue its dominance as Bitcoin regains strength towards the ATH.
Considering other tokens, Cardano started a bearish morning, down by around 3.4%, whereas Polygon dropped by 6%. Chainlink, on the other hand, fell by 5.2%.
BTC continues to remain bullish, and it seems that there are plenty of opportunities for Bitcoin investors.
