Bitcoin Holds Strong at $61K, Ethereum Falters, Dogecoin and Tron Surge in Mixed Market

The digital currency market has presented mixed gains and losses across various digital assets until October 04, 2024. Top cryptocurrencies are holding positions

Bitcoin price remained largely unchanged over the past 24 hours on Oct. 4, while Ethereum price slipped slightly amid concerns over network scalability.

Top cryptocurrencies were mixed on Oct. 4, with Bitcoin price showing resilience and Ethereum price slipping amid concerns over network scalability.

Bitcoin price slipped 0.08% over the past 24 hours to $61,145.46 at press time. The apex cryptocurrency's price hovered around the $61,000 level throughout the day, with a high of $61,611.2 and a low of $60,676.8.

Bitcoin price also saw a slight decrease in 24-hour trading volume, which stood at $36.62 billion at press time. The total market capitalization of Bitcoin also saw a marginal decrease to reach $1.21 trillion.

Despite the slight decrease in price, Bitcoin price remained largely stable and continued to hold the top position among cryptocurrencies. The coin also maintained a strong market capitalization, indicating continued interest from both retail and institutional investors.

Bitcoin price showed resilience and continued to hold down the fort of utility as a store value as well as a unit of exchange, with little signs of slowing down soon.

Meanwhile, Ethereum price slipped 0.62% over the past 24 hours to reach $2,377.97 at press time. The second-largest cryptocurrency faced concerns over its network scalability, which may have contributed to the price decrease.

Despite the price decrease, Ethereum price still showed high volumes, indicating that its network was getting even more utilization in decentralized finance (DeFi), nonfungible tokens (NFTs) and smart contracts.

With gradual developments in Ethereum 2.0, investors were getting hopeful about this cryptocurrency for the long term.

Among other top cryptocurrencies, BNB price decreased by 0.28%, Solana price dropped 2.58%, XRP price fell 1.95%, Dogecoin price rose 1.88%, Tron price increased 1.30%, Toncoin price rose 0.76%, Cardano price increased 0.17% and Avalanche price decreased 1.87% over the past 24 hours.

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