Thursday, Oct 06, 2022
×
Outlook.com
×
Outlook Money

Crypto Prices Today: Ethereum Clarifies Gas Fee Won’t Dip; BTC falls 1.15%, ETH drops 1.53%

The global crypto market plummeted 1.79 per cent on Thursday, dragged down by losses in Bitcoin (BTC) and Ethereum (ETH), falling 1.15 per cent and 1.53 per cent, respectively.

The global crypto market fell by 1.79 per cent to $1.12 trillion, while the total trading volume decreased by 6.79 per cent to $64.35 billion.

Bitcoin’s dominance over the crypto market shrank 0.30 per cent to 40.23 per cent. Thursday’s top gainer was Celsius, up 13.13 per cent to $2.74 in the last 24 hours.

Huobi Token (HT) was the top loser, 10.27 per cent to $4.64 in the last 24 hours.

Bitcoin (BTC)

BTC fell by 1.15 per cent to $23,510, while the trading volume decreased by 4.96 per cent to $28.1 billion. Its market cap decreased by 1.14 per cent to $449.6 billion.

Ethereum (ETH)

ETH Foundation has clarified that there won’t be any reduction in the gas fee after the Merge. “Gas fees are a product of network demand relative to the network’s capacity,” it said.

“The Merge deprecates the use of proof-of-work, transitioning to proof-of-stake for consensus, but does not significantly change any parameters that directly influence network capacity or throughput,” said the ETH Foundation in a blog post.

ETH fell by 1.53 per cent to $1,852, and its market cap decreased by 1.51 per cent to $226.02 billion. The trading volume also dropped 0.58 per cent to $17.7 billion.

OTHER ALTCOINS

XRP

The XRP price gained 0.17 per cent to $0.3772, while its market cap rose 0.17 per cent to $18.6 billion. The trading volume decreased by 10.60 per cent to $1.1 billion.

Solana (SOL)

SOL’s price fell by 3.89 per cent to $41.13. Its market cap decreased by 3.90 per cent to $14.3 billion, and its trading volume increased by 15.67 per cent to $1.2 billion.

Cardano (ADA)

The price of ADA dropped 2.11 per cent to $0.5416, and its trading volume decreased by 17.89 per cent to $766.8 million. Its market cap also fell by 2.11 percent to $18.2 billion,

MEME COINS

Dogecoin (DOGE)

DOGE’s price decreased by 3.22 per cent to $0.08105, and its market cap fell by 3.22 per cent to $10.7 billion, while its trading volume decreased by 53.04 per cent to $718 million.

Shiba Inu (SHIB)

SHIB’s price jumped 6.17 per cent to $0.00001487 and the trading volume decreased by 11.32 per cent to $855.5 million. Its market cap decreased by 6.17 per cent to $8.1 billion. 

Advertisement
Advertisement
Advertisement