Crypto Price Today (11th Oct 2024): Bitcoin Price Holds Strong | $35 Million Lost in Latest Scam!

 

Crypto Market Today: The crypto industry has shown stability over the previous day, with the global market cap now sitting at $2.14 trillion. While, the investors remain cautious, as the Fear & Greed Index is at 37, signaling the presence of fear. In the meantime, the legal happenings around the Bitfinex hack continue, as the U.S. prosecutors suggest an 18-month prison for Heather Morgan, for being involved in the laundering of 120,000 stolen Bitcoin. On the other hand, the industry also came across the latest scam, wherein the victim lost $35 million when clicked on a malicious permit link.

Bitcoin Price Update: BTC Holds Strong Despite Uncertainty!

Bitcoin price has held its ground firm as it rises just above the $61k mark. Irrespective of the minor fluctuations, BTC price seems to be ranging within a predictable bandwidth. Successively, investors are keen on the psychological resistance at $65k, which is the crucial level for traders.

Curious about BTC’s future price targets? Our Bitcoin Price Prediction answers that and much more!

Altcoins Watch: Celestia Becomes Top Gainer!

Ethereum price has built some momentum, rising up by 0.75% to its price tag of $2,416.99. Other notable altcoins, such as Solana and XRP have also registered modest gains of 1.51% to their price tags of $141.91 and $0.5352.

Interested in the long-term price targets of ETH? Read our Ethereum Price Prediction

Top Gainers & Losers:

Celestia has emerged as the frontrunner in the top gainers list with an 8.05% surge over the previous day. Dogwifhat has also made notable moves, rising by 6.24%. Sui also showed promising numbers with a 5.60% gain.

However, not all is rosy. Fantom takes 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 navigates through a mix of gains and minor losses, traders are cautiously optimistic, with many looking for signs of stronger momentum. This comes as Fidelity continues investigating a data breach affecting 77,000 customers, adding to the complexity of the market’s dynamics.