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  • Shrishesh Tanksalkar
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    Crypto Price Today (Oct 4, 2024): $1B Bitcoin Options Expire, Hamster Kombat Memecoin Down 52% Since Launch!

    Story Highlights
    • $1 Billion Bitcoin options expiry sparks volatility concerns

    • Ethereum (ETH) price gains 0.44%, while Solana price rises 1.06%

    • Hamster Kombat (HMSTR) sees a 1.42% drop, continuing a 52% fall since launch

    Cryptocurrency Market Update: The cryptocurrency industry saw a subtle intraday growth, increasing by 0.93% to a total market cap of $2.13 trillion. However, Bitcoin’s (BTC) price slipped by 0.50%, settling at a price tag of $61,311.86. While ETH, SOL, and XRP showed slow movement, meme coins portrayed positive numbers. Contrarily, HMSTR continued its downtrend, a 52% price decline since launch.  

    Bitcoin Update: $1B Options Expiration Sparks Volatility Concerns

    BTC price at the time of press, is changing hands at $61,311.86, with an intraday change of -0.50%. Trading volumes for BTC also dropped by 22.25%, highlighting a cautious stance from investors, in view of Bitcoinโ€™s options expiry.ย 

    With ~17,400 Bitcoin option contracts, worth $1 billion, set to expire, the market could experience some volatility. The put/call ratio of 0.75 indicates that more long (call) contracts are expiring, which could push BTC price in either direction. 

    Curious about BTCโ€™s future price targets? Our Bitcoin Price Prediction answers that and much more!

    Altcoins Today: Hamster Kombat (HMSTR) Price 52% Down Since Launch!


    Ethereum achieved some pace, rimming up 0.44% to $2,376.54. Solana (SOL) continued its optimistic movement, posting a 1.06% rise to $139.66, while XRP stayed mostly flat, dipping 0.10% to $0.5233. Meanwhile, meme coins like Doge, Shib, and WIF saw slight gains amid a bearish trend, suggesting some resilience in this category. Given this, Hamster Kombat (HMSTR), which is currently down by 1.42%, could see potential upward movement if market momentum picks up.

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

    Top Gainers:

    • FTX Token: $2.39 (+19.20%)
    • Beam: $0.01625 (+6.72%)
    • Aave: $147.36 (+6%)

    Top Losers:

    • Sui: $1.75 (-9.01%)
    • Wormhole: $0.3154 (-7.90%)
    • Ethena: $0.2873 (-5.84%)

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