{"id":36539,"date":"2025-10-08T09:32:01","date_gmt":"2025-10-08T09:32:01","guid":{"rendered":"https:\/\/financialrush.com\/?p=36539"},"modified":"2025-10-08T09:32:01","modified_gmt":"2025-10-08T09:32:01","slug":"bitcoin-btc-loses-5k-in-a-day-ethereum-eth-drops-below-4500-market-watch","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=36539","title":{"rendered":"Bitcoin (BTC) Loses $5K in a Day, Ethereum (ETH) Drops Below $4,500: Market Watch"},"content":{"rendered":"

\n<\/p>\n

The cryptocurrency market, which had been booming since the start of October, took a step back over the past 24 hours.<\/p>\n

Bitcoin (BTC) briefly tumbled under $121,000, whereas Ethereum (ETH) and other popular altcoins registered even more substantial losses.<\/p>\n

BTC Heads South<\/h2>\n

The start of the business week offered additional gains to the primary cryptocurrency, whose price tapped<\/a> a new all-time high of over $126,000 on October 6. The bulls, however, could not maintain the momentum, and the valuation has been on a downtrend since then.<\/p>\n

A few hours ago, BTC tumbled to as low as $120,700 before rebounding to the current $121,700 (per CoinGecko\u2019s data), representing a 2% decline on a daily scale.<\/p>\n

<\/a>
BTC Price, Source: CoinGecko<\/figcaption><\/figure>\n

We have yet to see whether that is a healthy pullback or the beginning of a bearish trend. The massive inflows into spot BTC ETFs and the shrinking amount of coins stored on crypto exchanges suggest the first scenario is more likely.<\/p>\n

Following the latest correction, Bitcoin\u2019s market capitalization plunged to approximately $2.42 trillion. Its dominance over the altcoins remains relatively unchanged at around 56.9%.<\/p>\n

ETH Loses an Important Resistance Level<\/h2>\n

The majority of the leading altcoins have followed BTC\u2019s trajectory. Ethereum (ETH) dipped by 5% over the past day and plunged below $4,500. Ripple\u2019s XRP retraced by 4% to $2.86, whereas Solana (SOL) and Dogecoin (DOGE) are down by 2-3%.<\/p>\n

Plasma (XPL) is the biggest loser from the top 100 club with a daily drop of 11%. World Liberty Financial (WLFI) and Pi Network (PI) come next with dips of 9% and 8%, respectively.<\/p>\n

However, some alts remain in green territory. Binance Coin (BNB) is up 6% for the day and trades well above $1,300. As CryptoPotato<\/em> reported<\/a>, it has become the third-biggest cryptocurrency after flipping Ripple\u2019s XRP and USDT (the stablecoin issued by Tether). PancakeSwap (CAKE), Mantle (MNT), and Aster (ASTER) have also posted significant gains.<\/p>\n

The total market capitalization of the sector has tumbled by 2% over the last 24 hours and stands at roughly $4.27 trillion.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview, Source: QuantifyCrypto<\/figcaption><\/figure>\n

\u00a0<\/p>\n

The post Bitcoin (BTC) Loses $5K in a Day, Ethereum (ETH) Drops Below $4,500: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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