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Bitcoin Soars to $62,352 While Ethereum Holds Steady at $2,443

Market Trends

Crypto Price Today: The cryptocurrency market experienced a mix of gains and losses on October 9, 2024. Bitcoin (BTC) is holding steady at $62,352, showing resilience despite concerns over the US government’s impending sale of 69,000 BTC, which has raised fears of selling pressure. Ethereum (ETH) is trading at $2,443, maintaining a range-bound pattern amid a lack of momentum. EigenLayer (EIGEN) emerged as a top gainer, up by 8.21% to $3.71, while FTX Token (FTT) saw a sharp decline, dropping 9.10% to $2.29. Market participants are closely monitoring the Federal Reserve's FOMC meeting minutes and ETF inflow trends for potential catalysts that could influence short-term price movements.

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