Cryptocurrency prices on October 4: Bitcoin holds below $61,300; Altcoins trade mixed
Dogecoin, Tron, Toncoin, Cardano, Shiba Inu, and Chainlink recorded gains of up to 2.5%.
The global cryptocurrency market cap declined by 0.23%, reaching approximately $2.13 trillion over the last 24 hours.
As of 12:08 p.m. IST, Bitcoin was down 0.1% at $61,267, while Ethereum remained below the $2,400 mark. Earlier, Bitcoin briefly reached $61,416.
«Bitcoin is trading within a tight range of $60,000 to $61,000 as investors await further geopolitical clarity. BTC’s support level remains at $60,000 and resistance at $61,500. With Blackrock’s report stating that Bitcoin’s volatility has significantly decreased and will continue to do so over time, investor’s confidence in BTC remains strong,» said Edul Patel, CEO Of Mudrex.
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View Details»Avinash Shekhar, Co-Founder & CEO of Pi42, said, «The strong economic data along with tensions on the geopolitical front have strengthened the US dollar and thus impacted the prices of cryptocurrencies. Relief may come with the US jobs report on Friday, improving the prospect for risk assets if rate cuts are promised.»
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