Crypto Market Overview: The cryptocurrency market showed a modest gain of 0.44% over the past 24 hours, bringing the total market cap to $2.32 trillion. Trading volumes dipped by 24.67%, with $80.83 billion exchanged, yet investor sentiment remained positive as reflected in the Fear & Greed Index, which climbed to 60, moving into the "Greed" zone.
As the cryptocurrency industry gains momentum, scammers have struck again, hacking Radiant Capital for $53 million. The attack occurred on Arbitrum and BNB Chain, with the hacker stealing and swapping assets for 12,835 ETH ($33.6M) and 32,113 BNB ($19.4M). Radiant lost six tokens on BNB and 12 on Arbitrum.
Bitcoin continues its steady upward trend, now trading at $67,313.34 after a 0.24% increase over the past 24 hours. Bitcoin dominance remains high at 57.5%. Recent spot Bitcoin ETF inflows have been notable, with $458.54 million added as of October 16, contributing to the coin's resilience. Blackrock has been a key player, as the ETF market saw $1.4 billion in inflows within three days.
Interested about BTC’s future price targets? Our Bitcoin Price Prediction answers that and much more!
Ethereum (ETH) price held firm at $2,630.74, up by 0.55%, supported by inflows into spot ETH ETFs, which recorded $24.22 million as of October 16th. However, Solana (SOL) price struggled, dipping 0.76% to $153.04. XRP made significant gains, rising 3.41% to $0.5602, signaling strong momentum, XRP’s growth comes amid the confusion around SEC’s appeal.
Keen on the long-term price targets of ETH? Read our Ethereum Price Prediction
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Stay tuned for our daily updates and insights on the latest cryptocurrency market movements!
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