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The crypto market has stayed in the red, with investors shifting their focus to safer assets amid hovering market uncertainties. By Coingape Staff 51 mins ago Updated 51 mins ago
The cryptocurrency market has continued its downturn performance, as evident by the slump in the broader market. In addition, most of the major cryptos also stayed in the negative territory, suggesting that the investors are shifting their focus on other assets amid hovering uncertainties. Notably, the crypto market fear and greed index was at 44 during writing, suggesting a “neutral” sentiment.
The largest crypto by market cap, Bitcoin price was down 0.61% to $27,413.20 on Wednesday. Meanwhile, the crypto’s volume fell 38.38% to $11.58 billion in the last 24 hours, while its market cap remained flat at $534.48 billion.
On the other hand, the Ethereum price was down 1.54% to $1,640.51 as of writing on October 4, while its volume for the last 24 hours declined 33.65% to $5.28 billion. The market cap of the crypto tumbled 1.51% from yesterday to $197.23 billion.
Among other altcoins, the BNB price was down 1.90% to $211.29 as of writing, and its volume was down 21% to $333.59 million. Subsequently, the Cardano price noted a slump of 2.70% to $0.2557, and its market cap fell 3.20% to $8.97 billion.
The major crypto declines dragged the overall market into negative territory. Meanwhile, the global crypto market cap plunged 0.89% to $1.08 trillion at the time of writing, accompanied by a 14.95% decrease in 24-hour volume to $36.82 billion.
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Pepe Coin Declines 3%
On October 4, the Pepe coin price, a well-known meme coin, dropped by 3.12% to $0.0000007159. This decline indicates that investors are increasingly turning to safer assets. Additionally, its 24-hour trading volume decreased significantly by 40.19% to $55.37 million.
XRP Adds 4%
The XRP price traded at $0.5317 with a gain of 3.60% over the past 24 hours, while its volume rose 77.29% to $1.61 billion. The price surge is a result of XRP bulls becoming active. This occurred after the US court rejected the SEC’s appeal to file an interlocutory appeal in the XRP lawsuit.
UNUS SED LEO (LEO) Rises 3%
The UNUS SED LEO price was up 3.25% to $3.84 as of writing on Wednesday. Meanwhile, the crypto was among the top gainers today, while its volume rose 4.82% to $630.382 from yesterday.
Bitcoin SV (BSV) Slips 8%
The Bitcoin SV price was down 7.84% and traded at $36.87, while its market cap was down 7.80% to $710.25 million. In addition, the volume of the crypto was down 35.58% to $140.23 million over the last 24 hours.