Cryptocurrency Price Today October 18: Bitcoin Price Price Trades At USD28,563; Shiba Inu Down 45%

Bitcoin price was up 0.15% at $28,563.34 per token on Wednesday. At this price Bitcoin has a market cap of $557.47 Billion. The price of the world's second largest cryptocurrency Ethereum traded 1.16% lower at $1,574.98 per token. Ethereum has a current market cap of $189,410,977,294.

The global crypto market cap slipped 0.24% to $1.09 Trillion. The total crypto market volume over the last 24 hours is $46.6 Billion, which makes a 19.57% decrease. The total volume in DeFi is currently $2.42 Billion, 5.19% of the total crypto market 24-hour volume. The volume of all stablecoins is now $43.36 Billion, which is 93.04% of the total crypto market 24-hour volume.

Impact of Israel-Hamas conflict on Cryptocurrency market?

According to a Wall Street Journal (WSJ) report, Hamas's strike on Israel was financed through cryptocurrency. Experts believe that the digital asset market is driven by multiple factors, and the global geopolitical situation is one of them.

According to analysts if the Israel-Hamas conflict continues to escalate it would result in global uncertainty that can potentially push investors towards digital assets like Bitcoin, often referred to as "digital gold." Past precedents show that Bitcoin's price surged during the US-Iran tensions in early 2020.

How are meme coins performing today?

Dogecoin: The price of Dogecoin was down 1.20% at $0.05908 per token at the time of writing this article. Dogecoin has a market cap of $8.34 Billion.

Shiba Inu: Shiba Inu price fell 45% at $0.000000001462 per token on Wednesday. At this price, the meme currency Shiba Inu has a market cap of $1.72 million.

Pepe Coin: The price of Pepe Coin (PEPE) fell 4% at $0.0000006387 per token today.

How Are Other Altcoins Performing Today?

XRP:

Ripple's XRP price was down 0.59% at $0.4888 on Wednesday. XRP is ranked number 5 out of all 8,878 active cryptocurrencies listed on CoinMarketCap.

Cardano:

Cardano price was down 1.62% at $$0.2466 per token at the time of writing this article.

Solana:

Solana price was traded 0.99% lower today at $23.95 per token. Solana is the world's 7th largest cryptocurrency in terms of market cap.