Buy $GGsCryptocurrency Price Today Oct 11: Bitcoin, Ethereum Plummet
Cryptocurrency Price Today October 11 Latest Updates: The crypto market is in a major rut as sentiments are turning more negative. Bitcoin prices fell by 2% in the last 24 hours and by 3.25% in the last 7 days. BTC is currently trading at $19,051 and is dangerously close to falling below the $19K mark.
The largest altcoin also suffered a similar fate. Ethereum fell by 3.18% in the last few hours and close to 5% in the last 7 days. It is trading at $1280, well below the $1300 mark which it was holding on to.
The rest of the altcoins market is also facing the brunt of these bearish sentiments. Binance Coin or BNB fell by over 2% in the last 24 hours and is trading at $271. XRP, the winner of yesterday’s market, was likely the biggest loser today.
XRP fell by over 7% in the last few hours and is trading at $0.4905. Similarly, Cardano fell by 5.67 % and Solana fell by over 3%. They are trading at $0.3981 and $31.57 respectively.
The meme coins also saw a strong decline in their prices. Dogecoin is currently trading at $0.05927 after falling by 5% on the last day. Similarly, Shiba Inu saw a massive slide in its price. $SHIB fell by 6.32% in the last day and is trading at $0.00001029.
Why Cryptocurrency Price Is Down Today
The monetary policy of central banks is driving the stock market. The Federal Reserve’s quantitative tightening to curb inflation levels is creating bearish sentiment in the market. The crypto market is strongly correlated with the general broader market.
S&P 500 continued its slide to the bottom. After falling close to 3% yesterday, it fell by another 1% in the last 24 hours. Similarly, the tech-oriented NASDAQ 100 fell by another 1%.
The US dollar further strengthened its position after another strong rally yesterday.
Key Events To Watch
The crypto market is entirely dependent upon the macroeconomic environment. Therefore, the Consumer Price Index released this week will have a huge impact on any price movement. Similarly, the Producer Price Index will also be released this week.
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Trump Tells Congress to Pass Crypto Market Bill ‘ASAP,’ Blasts Banks for Stalling
- BTC Price Bounces as Spot Investors Buy The Dip Amid Iran War Jitters
- CFTC Chief Mike Selig Signals US Crypto Perpetual Futures Rollout in Coming Weeks
- Fed Rate Cut Odds Drop as Inflation Fears Rise Due To U.S. Iran Conflict
- Here’s Why Tether Gold (XAUt) Price Is Falling Even With Growing Gold Demand
- Gold Price Prediction March 2026: Rally, Crash, or Record Highs?
- RIOT Stock Prediction as Needham, Piper Sandler Slash Target After Earnings
- Cardano Price Outlook As Charles Hoskinson Warns Over CLARITY Act
- Circle Stock Price Climbs 15% to $96, Can Rally Continue in March 2026?
- Bitcoin Price Prediction as US-Iran War Enters 4th Consecutive Day
- Top 5 Historical Reasons Dogecoin Price Is Not Rising
