Bitcoin Dips to 60K - What’s Going On?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Logo](~/AAQRxQA~/RgRo37OBP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPTg1ZG04a3hpeTN0bFcDc3BjQgpm-IEu_WYXcXwPUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 02 Oct 2024 11:25 UTC The market was practically snoozing for a few days, and bam! Bitcoin took a dip to 60K. But here's the fun part - it's not just crypto feeling the squeeze. The whole financial world is doing a collective double-take. Why? Well, it's a mixture of global drama, market jitters, and a dash of "what the heck is happening?" And trust us, we've got the scoop. People are confused, wondering what's going on, and that's exactly why we're here - to break it all down. Let’s make sense of it all! Here is a quick rundown of the top headlines from the past 24 hours: - Bitcoin takes a dip to $60K. Uptober is not [working](~/AAQRxQA~/RgRo37OBP0SIaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1wbHVtbWV0cy10by1kb2xsYXI2MGstYW1pZHN0LWdlb3BvbGl0aWNhbC10ZW5zaW9ucy1pbi10aGUtbWlkZGxlLWVhc3Q_bGlkPWszMnVuNmh1OGxoaFcDc3BjQgpm-IEu_WYXcXwPUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) anymore? 🎢 - XRP eyes an ETF. But wait, weren’t we [expecting](~/AAQRxQA~/RgRo37OBP0RraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYXNzZXQtbWFuYWdlci1iaXR3aXNlLWFkdmFuY2VzLXBsYW5zLWZvci14cnAtZXRmP2xpZD04eTQ1MTZtaGJ2OXVXA3NwY0IKZviBLv1mF3F8D1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Solana to get an ETF first? 🤔 - Hackers make off with $753 million in Q3. How are they still [outsmarting](~/AAQRxQA~/RgRo37OBP0SVaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2VydGlrLWNyeXB0by1sb3NzZXMtc3VyZ2UtOTVwZXJjZW50LXdpdGgtZG9sbGFyNzUzbS1sb3N0LWluLXEzLTIwMjQtZGVzcGl0ZS1mZXdlci1hdHRhY2tzP2xpZD1qaXVkc201ZGd5N2dXA3NwY0IKZviBLv1mF3F8D1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) the smartest contracts? 🕵️‍♂️ - 3AC founders launch a memecoin. Who is [buying](~/AAQRxQA~/RgRo37OBP0SLaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZmFpbGVkLTNhYy1oZWRnZS1mdW5kLWZvdW5kZXJzLWlzc3VlLWNvbnRyb3ZlcnNpYWwtbWVtZWNvaW4tYW1pZHN0LWxlZ2FsLXRyb3VibGU_bGlkPW92aTBvMmZqM3pqbFcDc3BjQgpm-IEu_WYXcXwPUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) these memecoins now? 🃏 - Telegram gaming tokens are not really performing well. Is tap-to-earn just a [bubble](~/AAQRxQA~/RgRo37OBP0SQaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGVsZWdyYW0tZ2FtaW5nLXRva2Vucy1obXN0ci1hbmQtY2F0aS1wbHVtbWV0LW92ZXItNTBwZXJjZW50LWZvbGxvd2luZy1oeXBlZC1sYXVuY2hlcz9saWQ9YzZ2dnM0Y3RpczlnVwNzcGNCCmb4gS79ZhdxfA9SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)? 📱💥 Let’s dive in after the market overview! MARKET OVERVIEW GLOBAL MARKET CAP $2.14T ▼5.15% (24h) 24H MARKET VOLUME $117.43B ▲55.1% (24h) BITCOIN’S DOMINANCE 56.37% ▲0.54% (24h) FEAR & GREED INDEX 39 Fear [Bitcoin] Bitcoin $61,109.17 ▼4.33% (24h) [Ethereum] Ethereum $2,453.13 ▼6.9% (24h) [BNB] BNB $546.47 ▼5.66% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRo37OBP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPWkyZHZtY3JyaW11bFcDc3BjQgpm-IEu_WYXcXwPUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRo37OBP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9eTI1ZThlc2JwbjB6VwNzcGNCCmb4gS79ZhdxfA9SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRo37OBP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD1yaXZ6Y2Z5aG02eDVXA3NwY0IKZviBLv1mF3F8D1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRo37OBP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPWFhbWpzNWZ0eGE5d1cDc3BjQgpm-IEu_WYXcXwPUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) TOP GAINERS 24H% [Wegie] [Wegie](~/AAQRxQA~/RgRo37OBP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3dlZ2llL1cDc3BjQgpm-IEu_WYXcXwPUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲665.64% [AGIX] [AGIX](~/AAQRxQA~/RgRo37OBP0QtaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2FpZ2VudHgvVwNzcGNCCmb4gS79ZhdxfA9SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲580.76% [The Libertarian Dog] [The Libertarian Dog](~/AAQRxQA~/RgRo37OBP0Q5aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3RoZS1saWJlcnRhcmlhbi1kb2cvVwNzcGNCCmb4gS79ZhdxfA9SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲553.03% TOP LOSERS 24H% [laikaCTO] [laikaCTO](~/AAQRxQA~/RgRo37OBP0QuaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2xhaWthY3RvL1cDc3BjQgpm-IEu_WYXcXwPUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼93.77% [CATX] [CATX](~/AAQRxQA~/RgRo37OBP0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2NhdHgvVwNzcGNCCmb4gS79ZhdxfA9SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼89.75% [Trillant] [Trillant](~/AAQRxQA~/RgRo37OBP0QuaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3RyaWxsYW50L1cDc3BjQgpm-IEu_WYXcXwPUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼83.67%   Crypto's 'Uptober' October's crypto party just hit an unexpected snag. Bitcoin, the digital gold standard, took a surprising tumble to $60,371, shedding 3.3% of its value in just 24 hours. This wasn't part of the script for what crypto enthusiasts affectionately call "Uptober." But here's the twist: it's not just a crypto thing. The U.S. stock market is feeling the heat too. Why? Geopolitical tensions in the Middle East are rising. But why Bitcoin is effected by all these issues? Read the[full story](~/AAQRxQA~/RgRo37OBP0SIaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1wbHVtbWV0cy10by1kb2xsYXI2MGstYW1pZHN0LWdlb3BvbGl0aWNhbC10ZW5zaW9ucy1pbi10aGUtbWlkZGxlLWVhc3Q_bGlkPXNpdng3NW1uajNsZ1cDc3BjQgpm-IEu_WYXcXwPUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   XRP's ETF? Bitwise, the crypto asset manager, has just confirmed plans for an XRP ETF. Remember when XRP was the black sheep of the crypto family, tangled up in a $1.3 billion lawsuit with the SEC? Well, times have changed. After a victory that had the crypto world buzzing, XRP is now eyeing a spot alongside Bitcoin and Ethereum in the ETF arena. But what about Solana? We were to have its ETF too, right? Read the [full story](~/AAQRxQA~/RgRo37OBP0RraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYXNzZXQtbWFuYWdlci1iaXR3aXNlLWFkdmFuY2VzLXBsYW5zLWZvci14cnAtZXRmP2xpZD14ZWJpMm80NmZkbWlXA3NwY0IKZviBLv1mF3F8D1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   The Role of Stablecoins in Africa’s Near-Term Economic Boom [The Role of Stablecoins in Africa’s Near-Term Economic Boom](~/AAQRxQA~/RgRo37OBP0RcaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGhlLXJvbGUtb2Ytc3RhYmxlY29pbnMtaW4tYWZyaWNhP2xpZD1rMTc5bjh5a2NuMWxXA3NwY0IKZviBLv1mF3F8D1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Africa's currency evolution from colonial-era systems to modern fiat challenges paves the way for stablecoins as potential solutions amid economic growth and financial inclusion efforts. [Read More](~/AAQRxQA~/RgRo37OBP0RcaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGhlLXJvbGUtb2Ytc3RhYmxlY29pbnMtaW4tYWZyaWNhP2xpZD1yejN6bWttb29kczFXA3NwY0IKZviBLv1mF3F8D1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   $753 Million? Gone! The crypto community just got a wake-up call, and it's ringing to the tune of $753 million. That's the staggering amount hackers managed to swipe in Q3 2024, despite a drop in the number of attacks. Let's break this down. CertiK, the cybersecurity watchdog, reports a 9.5% increase in losses compared to the previous quarter. Ethereum, the golden child of smart contracts, took the biggest hit. With 86 incidents and $387 million lost, it's clear that popularity comes at a price in crypto. The interesting bit? A single Bitcoin whale lost 4,064 BTC in one fell swoop. That's $238 million gone in what might have been a simple wallet compromise. But how did the hackers manage to pull it off when the security is stricter than ever? Read the [full story](~/AAQRxQA~/RgRo37OBP0SVaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2VydGlrLWNyeXB0by1sb3NzZXMtc3VyZ2UtOTVwZXJjZW50LXdpdGgtZG9sbGFyNzUzbS1sb3N0LWluLXEzLTIwMjQtZGVzcGl0ZS1mZXdlci1hdHRhY2tzP2xpZD1sd2dhcThtMXNveXdXA3NwY0IKZviBLv1mF3F8D1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   From Hedge Fund Ruins to Meme Madness Crypto never fails to surprise. Su Zhu and Kyle Davies, the minds behind the collapsed Three Arrows Capital (3AC) hedge fund, are back in the game with a new memecoin. Enter "Three Arrowz Capitel" (3AC)—an entirely controversial name. These guys are launching a new token while Zhu is dealing with contempt of court charges in Singapore. But wait, it gets better (or worse, depending on your perspective). A peek under the hood of this new token reveals some eyebrow-raising details. Insiders are holding onto 84% of the supply, with 71.8% in one wallet. The token's structure includes a 1% tax on all transactions, supposedly to help community members swap tokens. Then why would anyone buy this token? How has it been performing so far? Read the [full story](~/AAQRxQA~/RgRo37OBP0SLaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZmFpbGVkLTNhYy1oZWRnZS1mdW5kLWZvdW5kZXJzLWlzc3VlLWNvbnRyb3ZlcnNpYWwtbWVtZWNvaW4tYW1pZHN0LWxlZ2FsLXRyb3VibGU_bGlkPThlbjZkZzd6aDhhZFcDc3BjQgpm-IEu_WYXcXwPUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   CMC NARRATIVE: SOLANA The unsurprising catalyst was Solana Breakpoint 2024, held in Singapore from September 20-22. The conference brought together over 5,700 developers, investors, and enthusiasts, showcasing Solana's growing ecosystem and increasing adoption across various sectors of the blockchain industry...[Continue Reading.](~/AAQRxQA~/RgRo37OBP0R8aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1zb2xhbmEtc29sYW5hLXN0ZWFscy10aGUtc2hvdy13aXRoLXBob25lcy1nYW1lcy1hbmQtZ2FpbnM_bGlkPTVubXRtOWduY2E4c1cDc3BjQgpm-IEu_WYXcXwPUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [CMC NARRATIVE: SOLANA](~/AAQRxQA~/RgRo37OBP0R8aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1zb2xhbmEtc29sYW5hLXN0ZWFscy10aGUtc2hvdy13aXRoLXBob25lcy1nYW1lcy1hbmQtZ2FpbnM_bGlkPWoxejZ3MGFvamU0dlcDc3BjQgpm-IEu_WYXcXwPUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Track the whole Solana trend on CMC Narratives: [Track Narrative](~/AAQRxQA~/RgRo37OBP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS92aWV3L3NvbGFuYS1lY29zeXN0ZW0_bGlkPWExMzZlYzc2ZGhseVcDc3BjQgpm-IEu_WYXcXwPUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Telegram's Gaming Tokens The world tap-to-earn just got a reality check, and it's ringing louder than a Telegram notification. Hamster Kombat (HMSTR) and Catizen (CATI), the darlings of Telegram's gaming scene, have taken a wild dip. Let's paint the picture: HMSTR, with its impressive 300 million player base, saw its token plummet 53% from its debut high. CATI didn't fare any better. In fact, it outdid HMSTR in the free-fall Olympics, dropping 58% since its launch. But what’s going on exactly? Read the [full story](~/AAQRxQA~/RgRo37OBP0SQaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGVsZWdyYW0tZ2FtaW5nLXRva2Vucy1obXN0ci1hbmQtY2F0aS1wbHVtbWV0LW92ZXItNTBwZXJjZW50LWZvbGxvd2luZy1oeXBlZC1sYXVuY2hlcz9saWQ9b2NzMDJnNTR2c2E1VwNzcGNCCmb4gS79ZhdxfA9SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   And that's it for today. 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