CryptoSlate Daily wMarket Update – Oct. 4: XRP, Dogecoin lead rally as Bitcoin reclaims $20,000

The cryptocurrency market saw inflows totaling up to $15.34 billion over the past 24 hours, pushing the total crypto market cap to $966.56 billion as of press time.

With another day of growth, Bitcoin’s (BTC) market cap reached $387.57 billion, up 2.24% from $379.06 billion over the past 24 hours. Ethereum’s (ETH) market cap grew 1.5% over the past day to reach $166.42 billion at the time of writing, from $163.96 billion the previous day.

The top 10 cryptocurrencies continued in the green, with Dogecoin bagging the biggest gains after XRP at 7.75% as Tesla CEO Elon Musk proposed a new acquisition offer for Twitter. The prices of Solana (SOL) and Ripple (XRP), which snagged the highest gains on Oct. 3, continued their second day in the green with s 3.01% and 8.23% gain over the past 24 hours, respectively.

The market cap of USD Coin (USDC) saw its third straight day of decline, falling to $46.72 billion over the past 24 hours from $47.17 billion the previous day. Tether’s (USDT) market cap increased marginally to $68.07 billion from $67.95 billion the day before. BinanceUSD (BUSD) market cap dipped slightly over the past 24 hours to $21.03 billion.

Bitcoin

Bitcoin price saw its second day of growth in a row, climbing 2.78% over the past 24 hours to trade at around $20,218 at the time of writing. The largest cryptocurrency’s market dominance increased to 40.1% from 39.9% the previous day.

Barring a few dips, BTC price traded with an upward bias through most of the day. However, around 23:00 UTC, Bitcoin’s price started declining slightly. Over the past 24 hours, BTC price went as low as $19,840 and climbed as high as $20,363.

The U.S. stock market also saw a second day of growth, strengthening the bullish sentiment.

Ethereum

ETH price growth slowed compared to the previous day, gaining 1.36% over the past 24 hours to trade at around $1,356 at press time. However, the second largest cryptocurrency’s market dominance fell marginally to 17.2% during the period, despite the price growth.

ETH price saw more volatility than BTC price over the past 24 hours, starting from around $1,337 and going as high as $1,369 at around 20:00 UTC.

Top 5 Gainers

Bitcoin Standard Hahrate Token

BTCST snagged the biggest gains over the past 24 hours, growing 21.76% to trade at around $10.52 at the time of writing. The token’s market cap reached $128.48 million during the period. BTCST has lost over 40% of its value over the past year.

Helium

After suffering losses on the previous day, HNT posted 9.93% gains over the past 24 hours, trading at around $5.34 at press time. The token’s market capitalization stood at $682.11 million. HNT is up 39.72% over the past month.

RenderToken

RNDR rose 9.49% over the past 24 hours to trade at around $0.50 at the time of publishing. At around 10:00 UTC, RNDR price started climbing sharply from $0.47 until it reached $0.55 at around noon UTC. After that, the price dropped with a few spikes in between. The market cap of RNDR was $128.38 million at the time of writing.

Pundi X

PUNDIX grew 8.5% over the past 24 hours to trade at around $0.51 as of press time. The token’s market capitalization stood at $132.91 million. The token traded slightly upward through most of the day until it leaped from $0.48 to $0.51 at around 00:00 UTC.

Decentralized Social

DESO widened its gains by growing 7.26% over the past 24 hours to trade at around $14.25 at the time of writing. The token’s market cap hovered at $126.63 million as of press time, up from $119.63 the previous day. DESO has outpaced the major cryptocurrencies in its growth spree, growing 165.14% over the past month.

Top 5 Losers

GensoKishi Metaverse

MV saw the sharpest decline in price over the past 24 hours, falling 6.96% to trade at around $0.23 at press time. The market cap of MV stood at $409.49 million.

Ergo

ERG price dropped 5.94% over the past 24 hours, and the token was trading at $2.72 at the time of writing. The token traded downward for most of the day, except for a few price spikes, and its market cap stood at $159.57 million.

Terra

The new LUNA token saw its price decline by 4.17% over the past 24 hours, reaching $2.57 at the time of publishing. The market cap of LUNA, which was introduced after TerraClassic (LUNC) collapsed in May, stood at $327.98 million.

Chain

XCN price fell 3.27% over the past 24 hours to trade at around $0.07 at press time. The token’s market cap stood at $1.55 billion.

Reserve Rights

RSR was trading at $0.009 as of press time — down 3.23% over the past 24 hours. The token’s market cap was $386.76 million at the time of writing.

Mentioned in this article

Bitcoin Ethereum Solana XRP Dogecoin USD Coin Tether Binance USD Bitcoin Standard Hashrate Token Helium Render Pundi X [new] Decentralized Social GensoKishi Metaverse Ergo Terra Classic Reserve Rights Elon Musk

Author

Monika Ghosh

Reporter at CryptoSlate

In 2020, Monika immersed herself in crypto, maintaining skepticism yet firmly believing blockchain could address key issues like financial disparity and transparency. A book-lover, she's also a passionate food enthusiast.

@TheMonsoonChild LinkedIn Email Monika

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