October 6 Crypto Price Update: Market Drops as Bitcoin, Pepe Coin, and Chainlink Drop

Crypto News- October 6 Crypto Price Update: Saw a bearish turn in the cryptocurrency market, with traders adopting a cautious approach as the weekend approached. Most cryptocurrencies witnessed declines in their prices, though the overall sentiment, measured by the cryptocurrency market’s fear and greed index, remained neutral at 43.

October 6 Crypto Price Update: Market Drops as Bitcoin, Pepe Coin, and Chainlink Drop

Bitcoin (BTC) experienced a 0.49% decrease in its price, settling at $27,531.35 at the time of this report. Its 24-hour trading volume saw a notable 12.50% increase, reaching $11.67 billion. Simultaneously, BTC’s market capitalization decreased by 0.49%, aligning with its price dip, to $537.09 billion.

Ethereum (ETH) faced a 1.24% price decline compared to the previous day, trading at $1,622.91. Its 24-hour trading volume surged by 15.03%, reaching $5.23 billion. The market capitalization of the second-largest cryptocurrency dropped by 1.25% to $195.13 billion.

Among other cryptocurrencies, Chainlink (LINK) observed a 1.29% decline, settling at $7.52, while its 24-hour trading volume plummeted by 26.15% to $191.93 million. In contrast, Cardano (ADA) recorded a 1.49% increase, maintaining a price of $0.2624 on Friday. Its market capitalization saw a 1.50% rise, reaching $9.22 billion.

In the world of meme coins, Dogecoin (DOGE) experienced a minor 0.16% decline, trading at $0.06105. Conversely, Shiba Inu (SHIB) faced a 0.67% drop, settling at $0.000007187, accompanied by a 6.66% reduction in its 24-hour trading volume to $61 million.

The widespread decline in major cryptocurrencies had a cascading effect on the overall market value on Friday. The global cryptocurrency market cap experienced a 0.41% decrease, reaching $1.08 trillion, while the 24-hour trading volume rose by 4.49% to $25.47 billion.

Top 4 Cryptos for Today:

Pepe Coin– Slipped by 1.32% to $0.0000007040 during Friday’s trading. Its 24-hour trading volume increased by 18.29% to $45.06 million. The market capitalization of this popular meme coin also declined by 1.28% to $276.3 million, with an approximately 5.7% loss in value over the past week.

Trust Wallet Token (TWT)-Rose by 4.26% to $0.94, defying the broader market slump. However, its 24-hour trading volume fell by 27.10% to $126.91 million.

Toncoin (TON)-Surged by 5.82% to $2.08 as of Friday’s report, with its 24-hour trading volume skyrocketing by 62.81% to $23.06 million. The crypto has gained approximately 18.50% over the past 30 days.

Avalanche (AVAX)– Added 3.45% to reach $10.37 on October 6, with its 24-hour trading volume declining by 12.99% to $182.71 million. The market capitalization of AVAX increased by 3.47% to $3.66 billion.