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After facing recent fluctuations and uncertainties, the crypto market is showing signs of resilience and investor confidence on Thursday, October 5, as it experiences notable gains. This shift in sentiment suggests a potential resurgence in the market’s stability and attractiveness to investors. Notably, the crypto market fear and greed index stayed at 45, suggesting a neutral sentiment among the market participants.
The Bitcoin price, which partially dominates the market, was at $27,668.68 as of writing on Thursday, noting a surge of 0.92% in the past 24 hours. Its volume for the past 24 hours fell 10.36% to $10.38 billion, with its market cap rising 0.94% to $539.67 billion.
Simultaneously, the Ethereum price was up 0.16% to $1,643.13 on October 5, with its volume declining 13.82% to $4.55 billion. Among other cryptos, the BNB price witnessed a surge of 0.82% over the last 24 hours and traded at $212.86 during writing. BNB’s one-day volume change was near the flatline at $337.39 million.
However, some cryptos also noted losses in today’s early session. For instance, the XRP price was down 0.40% to $0.5293, while its volume fell 34.19% to $1.06 billion. On the other hand, meme coins like the Dogecoin price gained 0.54% to $0.06115, while its volume slipped 36.29% to $111.48 million.
Meanwhile, the surge in the major cryptos also bolstered gains in the broader market. The global crypto market cap rose 0.59% to $1.09 trillion, while its market volume tumbled 33.78% to $24.38 billion over the last 24 hours.
Also Read: On Chain Data Shows Ethereum Outflows Peak; Bullish For ETH Price
The Top 4 Cryptos For Today Are:
Pepe Coin Price Remains Flat
The popular meme crypto, Pepe Coin price was down 0.16% to $0.0000007144 as of writing on Thursday, and its volume for the last 24 hours plunged 31.05% to $38.11 million. According to a recent analysis, the meme coin might continue to struggle with a downward trend in its price.
Trust Wallet Token (TWT) Adds 13%
The Trust Wallet Token price traded at $0.8936, noting a surge of 13.16% over the last 24 hours. The significant gains in the crypto price made it one of the top gainers in today’s session. Meanwhile, the crypto’s volume rocketed 1386.76% to $174.21 million from yesterday.
Avalanche (AVAX) Rises 7%
Another crypto to add its name to the “top gainers” list was AVAX on October 6. The Avalanche price was up 7.28% to $10.00 as of writing, while its volume skyrocketed 103.12% to $210.01 million over the last 24 hours.
Mina (MINA) Surges 6%
The Mina price was up 6.42% to $0.3879 on Thursday, while its volume jumped 329.28% to $29.79 million. Although there is no recent news for the surge in MINA price, it is expected that the positive sentiment in the broader market has helped gains in it.
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