Crypto News Today (Oct 24th, 2024): Bitcoin Steady, Solana Soars, GOAT Gains Big!

Crypto Price Today: The global cryptocurrency market continues its cautious ascent, with a modest 0.12% increase in the last 24 hours, bringing the market cap to $2.32 trillion. Despite this uptick, the 24-hour volume surged by 17.69%, hitting $83.76 billion. The Fear & Greed Index holds steady at 52, reflecting neutral market sentiment. 

Bitcoin Price Update: A Calm Before the Storm?

Bitcoin, up 0.36% to $67,293.24, has been steady, although its 24-hour trading volume dropped by 18.04%. With $192.31 million worth of inflows into Bitcoin spot ETFs, the market shows growing interest, but traders remain wary. The Adjusted Spent Output Profit Ratio (aSOPR) signals Bitcoin is in a key accumulation phase, which often precedes a sharp price move—leaving many to wonder whether this could indicate an imminent surge or a potential correction.

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

Altcoins Today: GOAT Becomes Top Gainer?

Ethereum saw a 2.28% drop, now priced at $2,552.90, even as its spot ETFs recorded $1.27 million in inflows. Solana, meanwhile, rose 5.17% to $173, continuing its upward momentum. XRP registered a modest 0.20% increase to $0.5308, barely moving the needle for investors looking for stronger signals.

Curious if the ETH price will claim the $5k mark in 2024. Read our Ethereum Price Prediction for details!

Meme Coins and Top Movers

Memecoins are yet again grabbing attention, with Popcat surging by 17.56% and GOAT leading the top gainers with a 25.25% rise. On the losing end, Apecoin tumbled by 8.64%, marking a significant downturn, with Flare and Axie Infinity following closely behind.

As the market remains in a neutral state, the question remains: are we in the midst of a temporary pullback, or is this a deeper correction on the horizon? Investors are keeping an eye on the next move, particularly for Bitcoin, which could set the tone for the broader market.