Bitcoin Falls Below $61K as Crypto Market Struggles With Heavy Volatility, PROS Surges by 80%

As the crypto market struggles with heavy volatility, investors' confidence continues to diminish with heavy liquidation rocking the space.

Investors’ confidence in the crypto market seems to be waning as the market struggles with heavy volatility and large-scale liquidations. According to the crypto fear and greed index data, investors’ sentiment has shifted from a ‘neutral’ position yesterday to ‘fear’ today.

Notably, the total market valuation declined by 1.85% to $2.12 trillion with a simultaneous 2.28% drop in the 24-hours trading volume. As a result, the flagship cryptocurrency, Bitcoin has fallen below $61k, now trading around the $60,000 mark. The global altcoin market mirrors this pattern.

However, one token that stands out today is Prosper (PROS), surging by over 80% in the last 24 hours. How have the top cryptocurrencies reacted in the last 24 hours? Let us take a look.

Top Crypto Prices TodayAfter climbing as high as $62,207 earlier today, the price of Bitcoin plummeted, losing over $2,000 of its value. At the time of writing, BTC traded at $60,809, representing a 2.04% decrease in the last 24 hours. However, a notable uptick of 3.07% in its one-day trading volume was recorded.

Moreover, Bitcoin ETFs saw outflows of $30.59 million as of October 9 according to Soso Value data. Ultimately, Bitcoin’s market cap rested at $1.2 trillion today.

Ethereum, the flagship altcoin recorded significant declines over the last day. At press time, the price of ETH lost 2.06% of its value to change hands at $2,379. Moreover, Ethereum’s intraday trading touched the low and high of $2,356.67 and $2,467.11 respectively.

Interestingly, Ethereum ETFs saw $0 inflows as of October 9 marking the third consecutive day without cash flows in the product. Ethereum’s market cap rested at $288 billion with a one-day trading volume of $14.5 billion.

Other Altcoin PricesThe crypto Solana declined notably by 3.10% and is now changing hands at $138.09. The coin experienced an intraday low and high of $138.00 and $143.15, respectively. Solana’s market cap touched $64.7 billion today.

The XRP price dropped marginally by 0.69% in the past 24 hours and is now trading at $0.5258. Its 24-hour bottom and top touched $0.522 and $0.5333, respectively. Additionally, XRP’s market cap rested at $29.7 billion today.

Following the SEC’s notice of appeal, Ripple has considered filing a cross-appeal as noted by its chief legal officer. Earlier today, Coinfomania reported that a pro-XRP lawyer, known by MetaLawMan on X, suggested that the blockchain company cross-appeals the ruling stressing that institutional sales of XRP do not constitute investment contracts.

Binance-backed BNB coin dropped by 2.97% to trade at $565.11 and maintained a 24-hour trading range of $564.52 and $584.30 respectively. The TRX price declined by 0.64% to its value to trade at $0.1592 with a 24-hour trading range of $0.159 and $0.1619 respectively.

Amid the global downtrend, the Prosper (PROS) token, a cross-chain project bridging institutional-grade Bitcoin mining power on-chain, skyrocketed by over 80% in value over the last 24 hours. However, at the time of writing, the price retraced a bit and is selling at $0.4662, indicating a 61% value increase.

Meanwhile, the global cross-chain market traded mostly in red with top coins like Near Protocol (NEAR), Pyth Network (PYTH), Jupiter (JUP), and LayerZero (ZRO), declining by 6.87%, 3.70%, 3.62%, and 5.28% respectively.

The Dogecoin (DOGE) price saw a 2.20% drop in value and is currently changing hands at $0.1063. Similarly, the Shiba Inu (SHIB) price plummeted by 3.53% to $0.00001691. Meanwhile, PEPE, WIF, and BONK prices crashed 5.57%, 10