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Cryptocurrency market sees mixed trends, Bitcoin and Ethereum experience bear activity

Published Oct 10, 2023 18:38
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Tuesday's cryptocurrency market showcased a mixed bag of trends, with Bitcoin and Ethereum experiencing bear activity while some altcoins like Tezos and Ocean Protocol saw bull trends. The global market cap dipped by 1.30% to $1.07 trillion, with the fear and greed index maintaining a neutral stance at 45.

Bitcoin, the world's leading cryptocurrency, suffered a minor daily decrease of 0.91%, bringing its price to $27.6K. Despite this setback, Bitcoin managed a slight weekly rise of 0.1%. The cryptocurrency's trade volume surged by 62% to reach $12.1 billion.

Ethereum, the second-largest cryptocurrency by market cap, also followed a bearish trend. The digital asset marked a daily decrease of 2.33%, bringing its price down to $1590. This fall added to its weekly drop of 4.67%. Despite the price dips, Ethereum's trade volume jumped by 125% to reach $7.2 billion.

OKB, on the other hand, displayed slight bull activity with a daily increase of 0.64%, bringing its price to $43.02. This increase occurred despite a minor weekly drop of 0.6%. OKB's trade volume saw a significant rise of 133% to stand at $2.1 million.

Tezos and Ocean Protocol emerged as strong performers in the altcoin market, both showing bull trends. Tezos recorded a robust 7.7% daily and a 6% weekly rise, bringing its price to $0.7296. Ocean Protocol experienced a 1.1% daily increase, despite a minor 2.4% weekly drop, with its price standing at $0.3053.

The trade volumes for Tezos and Ocean Protocol were recorded at $97.6 million and $33 million, respectively, reflecting the increased trading activity in these digital assets.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Cryptocurrency market sees mixed trends, Bitcoin and Ethereum experience bear activity
 

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