Market Stabilizes, Traders Remain Cautious

11 Oct Crypto News

The crypto market is showing signs of stability before the weekend. Bitcoin is staying above the 60,500-dollar mark, while Ethereum still stands at 2,400 dollars.

Big names like XRP, Cardano, and Toncoin are defying bearish sentiments. However, the Fear and Greed Index still shows concerning signs. According to Cointree, the metric stands at 32, indicating a growing level of fear among traders.

Meanwhile, emerging coins like Bonk, Popcat, and Dogwifhat are gaining market precedence. Here is a quick overview of the crypto market with the latest developments to help traders.

Bitcoin

BTC managed to stay above the 60,500 dollar mark on Thursday. The market leader only lost 0.52% value in 24 hours, currently trading at 60,569 dollars.

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Market Stabilizes, Traders Remain Cautious