Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 325
    CryptoMarketNewsSponsored Article

    Brett Price Prediction: Brett Hits $0.0556, While Troller Cat Climbs to $0.000017 With 69% APY Staking Power

    What if the next 60x meme coin wasn’t already at the top…

    By
    Benedikt Krüger
    May 31, 2025
    image 313
    CryptoMarketNewsSponsored Article
    Missed the Popcat Boom? Buy TCAT Now Before This Cat Jumps from $0.00001458 to $0.0005309
    May 31, 2025
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    NewsCrypto
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    May 30, 2025
    image 30 May 2025 12 40 50
    CryptoMarketNews
    Pi Coin Faces Crucial Weeks as Technical Indicators Flash Red
    May 30, 2025
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    NewsBitcoinCrypto
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    May 30, 2025
  • Cryptocurrency
    image 325
    Brett Price Prediction: Brett Hits $0.0556, While Troller Cat Climbs to $0.000017 With 69% APY Staking Power
    10 Min Read
    image 313
    Missed the Popcat Boom? Buy TCAT Now Before This Cat Jumps from $0.00001458 to $0.0005309
    7 Min Read
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    7 Min Read
    image 30 May 2025 12 40 50
    Pi Coin Faces Crucial Weeks as Technical Indicators Flash Red
    3 Min Read
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    5 Min Read
    Bybit MiCAR license
    Bybit Expands into Europe with MiCAR License and Vienna Headquarters
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Bitcoin Drops to $61K Amid Major Outflows and ETF Adjustments
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Bitcoin Drops to $61K Amid Major Outflows and ETF Adjustments
News

Bitcoin Drops to $61K Amid Major Outflows and ETF Adjustments

representing Bitcoins decline amid ETF outflows The central element should be the Bitcoin logo with ETF symbols prominently display
Thalia Galanis
Last updated: October 2, 2024 10:18 am
By
Thalia Galanis
Published October 2, 2024
3 Min Read
Share

Bitcoin has dropped to $61,000 due to significant outflows and ongoing adjustments in Bitcoin ETFs. Today’s market volatility has impacted not only Bitcoin but also altcoins, which followed the broader market trend. However, EIGEN and FTT stood out as top performers despite the overall downtrend.

Contents
Bitcoin Falls to $61K Amid ETF OutflowsImpact on Major CryptocurrenciesAltcoins and Meme Coins: Performance OverviewTop Performers of the DayBiggest Losers of the Day

Bitcoin Falls to $61K Amid ETF Outflows

The value of Bitcoin dropped to $61,000, triggered by large outflows from Bitcoin Exchange-Traded Funds (ETFs). As of October 1st, the outflow amounted to approximately $242.53 million. Despite the dip, Bitcoin still maintains a significant dominance, rising 0.4% in the last 24 hours, reaching a market dominance of 56.31%. Bitcoin’s current market cap is estimated at $1.22 trillion, reflecting the overall bearish trend in the crypto sector.

Impact on Major Cryptocurrencies

Following Bitcoin’s lead, Ethereum (ETH) dropped by more than 5%, trading at around $2,491. Other major cryptocurrencies, such as Solana (SOL) and XRP, also experienced declines, with their values falling by 5% and 3% respectively in the past 24 hours. This bearish trend was also evident in Ethereum ETFs, which recorded outflows of $48.52 million.

representing Bitcoins drop to 61K amid large ETF outflows and market volatility The image should feature the Bitcoin logo with down

Altcoins and Meme Coins: Performance Overview

Altcoins like Solana and XRP mirrored the overall market downtrend, with Solana trading at $147 and XRP at $0.6019. Meme coins like Dogecoin and Shiba Inu also saw significant losses, dropping by approximately 8% over the past 24 hours. Other altcoins, such as PEPE, WIF, and BONK, fell between 2% and 9%.

Top Performers of the Day

Despite the bearish sentiment, some cryptocurrencies emerged as top performers. FTX Token (FTT) surged by nearly 13%, trading at $2.15. Similarly, EigenLayer (EIGEN) saw a price increase of over 10%, currently trading at $4.09. Other notable gainers included Wormhole (WORM), which rose by 4% to $0.3208, providing investors with some optimism in an otherwise gloomy market.

Biggest Losers of the Day

Among the biggest losers were Starknet (STRK), which fell by nearly 15%, trading at $0.3931. Injective (INJ) also experienced a 14% drop, now valued at $20.99. Arweave (AR) similarly declined by 14%, currently trading at $19.72. These losses highlight the volatility and uncertainty in the crypto market.

In summary, today’s crypto market experienced significant volatility, with major outflows and falling prices dominating the landscape. While Bitcoin and Ethereum saw considerable losses, EIGEN and FTT defied the trend and emerged as top performers. Investors are advised to remain cautious and closely monitor the market as this period of fluctuation continues.

Bitcoin, Ethereum, ETF outflows, altcoin performance

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Explore Top New Meme Coins to Join for Short-Term Gains in 2025: BTFD On Binance, Floki Inu’s Growth, and Pudgy Penguins’ NFT Ecosystem

July CPI Inflation Data Slows down to 2.9%, the Lowest in Over Three Years

Bitcoin Faces Major Threat: “Head and Shoulders” Pattern Signals Warning

Wished You’d Invested in Ethereum? This Emerging ICO Could Transform Your Future

SEC Approves First Yield-Bearing Stablecoin Under Securities Rules

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article representing Bitcoins potential comeback in late 2024 amid key global developments. The image should feature the Bitcoin symbol risin Bitcoin Prepares for a Potential Comeback Amid Key Developments in Late 2024
Next Article with Bitcoin as the central focus symbolizing its drop amid geopolitical tensions In the background include subtle references to Record $243 Million Outflow from Bitcoin ETFs Amid Middle East Tensions
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English