News View Non-AMP

Crypto Market Today (10th Oct 2024): U.S. CPI Dips to 2.4%, Bitcoin Price Slips to $60k Level

Published by
Shrishesh Tanksalkar

Cryptocurrency Market Today: The US Consumer Price Index (CPI) has fallen to 2.4%, somewhat more than projected but lower than the previous 2.5%, suggesting small economic developments. This has altered market sentiment, resulting in a little shakeup in the bitcoin market. As inflation concerns linger, the cryptocurrency market’s overall value has declined.

The worldwide cryptocurrency market cap now stands at $2.13 trillion, down 2.26% in the last 24 hours, while trade volumes have fallen 4.24% to $65.91 billion. Investor mood remained cautious, with the Fear & Greed Index at 37, reflecting market concern.

Bitcoin Price Today: BTC Price Slips 2.43% to $60k Level!

Bitcoin is under pressure, falling 2.43% to $60,834.85. The decrease follows a great performance last week, and while the market remains optimistic about a rebound, present macroeconomic conditions and CPI changes are keeping BTC under control.

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

Altcoin Watch: ETH, SOL, and XRP Follow BTC?

Ethereum has also declined, down 1.87% to $2,386. Ethereum’s price dip is consistent with broader market conditions, and traders are keeping a careful eye on the network’s impending improvements, which may provide some support in the coming days.

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

Solana and XRP have followed suit, with Solana down 2.51% to $139.03 and XRP falling 0.96% to $0.5274. Both tokens remain popular among investors, but the larger market attitude is likely to influence their immediate direction.

In terms of market movers, Uniswap leads the pack with an incredible 8.97% increase, while Chiliz and Mantra also had rises of 3.61% and 3.02 percent, respectively. Eigen, on the other hand, suffered the most among the top losers, dropping 11.35%, followed by Aptos and Conflux, which fell 9.09% and 6.94%, respectively, in the last 24 hours.

As the market digests the most recent CPI data, investors will be looking for the next big moves in both traditional and digital markets.

Shrishesh Tanksalkar

Shrishesh is a versatile writer with 2+ years of experience in cryptocurrencies. An engineer turned storyteller, this selective introvert is a wannabe biker on weekends.

Recent Posts

Undervalued Crypto With Real Utility? This $0.03 Lending Token Could Do What Binance Coin (BNB) Did in 2020

In the crypto space, utility-driven tokens have historically demonstrated explosive growth, with Binance Coin (BNB)…

June 28, 2025

Will XRP Price Hit $5 in 2025?

After nearly four years, Ripple has officially ended its long-running legal battle with the U.S.…

June 28, 2025

Altcoin Bull Run Ahead? Top Analyst Says the Bottom Is In!

Altcoins may have just hit rock bottom — and that might be great news for…

June 28, 2025

Ripple SEC Lawsuit Ends – XRP ETF Incoming? Price Set to Break $3 Soon!

After 4 years of long courtroom drama, Ripple’s legal fight with the SEC has finally…

June 28, 2025

Gemini Launches Tokenized US Stocks in EU, Starting With MicroStrategy (MSTR)

Cryptocurrency exchange, Gemini, has announced the launch of its first tokenized US stock, MicroStrategy (MSTR),…

June 28, 2025

Why Altcoin Season Isn’t Here Yet?

Altcoin season has not arrived yet, and expert Benjamin Cowen has explained why in his…

June 28, 2025