Cryptocurrency prices on October 9: Bitcoin holds above $62,000; BNB, Shiba Inu rise up to 4%
Cryptocurrency prices showed mixed trends on Wednesday. Bitcoin (BTC) remained volatile but managed to stay above the $62,000 level, while Ethereum (ETH) continued to hover around $2,400. Solana (SOL) and XRP saw slight dips in the past 24 hours.
As of 1:34 pm IST, Bitcoin was down 0.06%, trading at $62,240, while Ethereum gained 0.36% to reach $2,435.
«Cryptocurrencies have shown resilience amid traditional market fluctuations in the past 24 hours. Bitcoin remains strong above $62,000, with only a minor decline of 0.63%, while Ethereum has held stable,» said Shivam Thakral, CEO of BuyUcoin. Thakral attributed part of the market’s performance to easing geopolitical tensions in the Middle East, which could refocus investor interest on crypto assets.
Thakral added that the launch of Binance's NFT marketplace has further boosted Bitcoin's acceptance as a legitimate payment method. «Bitcoin is consolidating for a potential breakout, and with growing adoption and new platforms like Binance’s NFT marketplace, interest in cryptocurrencies is set to increase,» he said.
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