Uptober Begins as Crypto Market Cap Reclaims $2 Trillion, Bitcoin Surges Above $64K

Today, the global crypto market has exhibited signs of resurgence raising excitement and optimism among investors. October coined Uptober, is known as a bullish month for cryptocurrency, and that expectation is looking to materialize today.

After a period of dull trading sessions, the global cryptocurrency market has finally shown signs of resurgence, sparking excitement and optimism among investors. October, fondly known as "Uptober," is often anticipated by crypto enthusiasts as a bullish month for digital assets, and that expectation seems to be materializing today.

An overview of the crypto market from the crypto heat map reflects mostly green trading at the time of writing. As a result, the total market valuation surged by 3.02% to rest at $2.25 trillion. Also, the market’s 24-hour trading volume rocketed by 56.34% to reach $70.22 billion.

Notably, investors’ sentiment now shows ‘neutral’ according to the crypto fear and greed index data. Below is how the top cryptocurrencies have reacted in the last 24 hours.

Top Crypto Prices TodayAfter trading as low as $62k earlier today, the price of Bitcoin has experienced a surge that shot its price above the $64k mark. At the time of writing, on-chain data revealed that Bitcoin changed hands at $64,882, indicating a 3.61% increase over the last day.

What is more, its one-day trading volume skyrocketed by 87.94% to $30 billion with a live market cap of $1.28 trillion. Moreover, Bitcoin ETFs recorded an impressive $253.54 million inflow as of October 11 as per Soso Value data reflecting increasing institutional interest in Bitcoin products.

Similarly, the second-largest cryptocurrency, Ethereum, saw a notable uptick over the last day. CoinMarketCap data suggests that the price of ETH jumped by 3.22% to trade at $2,544. Also, its trading volume over the last day reached $15.23 billion after increasing by 73%. However, Ethereum ETFs saw $97.11k outflows as of October 11.

Earlier today, Coinfomania reported that the co-founder of Ethereum sold 8 memecoins and raised about $1.62 million which he donated to charities. The gesture underscores the positive activities that can be undertaken by utilizing crypto assets.

Other Altcoin PricesThe Solana price increased by 3.88% and is now trading at $152.93. The coin experienced an intraday low and high of $144.72 and $153.39, respectively. Solana’s market cap was at $71.8 billion at press time.

The XRP price spiked by 1.14% in the past 24 hours and is now trading at $0.5383. Its 24-hour bottom and top touched $0.5257 and $0.5411, respectively. Additionally, XRP’s market cap touched $30.482 billion today.

Binance-backed BNB coin added 1.34% to trade at $580.89 and maintained a 24-hour trading range of $565.55 and $582.31 respectively. However, the TRX price dropped 1.67% of its value to change hands at $0.16 with a 24-hour trading range of $0.1596 and $0.1634 respectively.

Meanwhile, Toncoin (TON) only saw marginal gains in the last 24 hours. Per CMC data, TON spiked by 0.22% to trade at $5.27. Amid the uptrend, its one-day trading volume skyrocketed by 76% to reach $204.7 million. Ultimately TON traded between the range of $5.12 and $5.30 in the last 24 hours.

The Dogecoin (DOGE) price saw a 1.36% increase in value and is currently changing hands at $0.1131. Similarly, the Shiba Inu (SHIB) price jumped by 2.19% to $0.00001799. Meanwhile, PEPE, WIF, and BONK prices all increased by 7.14%, 4.42%, and 4.81% respectively in the past 24 hours.

Top Trending Crypto Gainers TodayCARV (CARV) skyrocketed by 42.43% to reach $1.05

Book of Meme (BOME) added 19.51% to $0.009214

Worldcoin (WLD) surged 15