Market Update 9th October 2024
By Manoj Dharra
Bitcoin remained flat at $62,000 amid concerns that the U.S. could sell over 69,000 Silk Road Bitcoins, pressuring the market. In the altcoin space, Eigenlayer (EIGEN) led with a 10% rise, while memecoins like Moo Deng, POPCAT, and Neiro saw significant gains, boosting the memecoin market cap to $55 billion.
NEIRO surged 3,000% in 30 days, and despite a 60% drop, Moo Deng earned praise for its charitable donations. The overall cryptocurrency market capitalization held steady at $2.26 trillion.
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