Cryptocurrency Price Today October 6: Bitcoin, Ethereum Trade Lower; SHIB, Dogecoin Also Trade In Red

The cryptocurrency market traded lower on Friday. The global crypto market cap fell 0.43% to $1.08 Trillion.Bitcoin price was trading above the $27,500 mark but it was down 0.41% at $27,561.18 at the time of writing this article. Meanwhile, Ethereum price was down 1.21% at $1,624.32 per token. Recently, the world's second-largest cryptocurrency in terms of market capitalization, saw a significant drop in price, briefly plummeting below the $1,600 level.

Any dip below the crucial $1,600 mark will likely raise concerns about the asset's short-term stability. This price level opens up the likelihood of Ethereum reaching the $1,500 price threshold if the bearish sentiments continue to prevail in the market.

The recent failed launch of Ether futures ETF has further exacerbated the situation. The ETF resulted in a meager trading volume, suggesting a lack of institutional interest in Ethereum.

The total crypto market volume over the last 24 hours increased 4.71% at $25.61 Billion. The total volume in DeFi is currently $2.61 Billion, 10.19% of the total crypto market 24-hour volume. The volume of all stablecoins is now $23.69 Billion, which is 92.50% of the total crypto market 24-hour volume. The world's two largest cryptocurrencies traded lower today.

How are meme coins performing today?

Meme coins traded mostly lower today. Pepe Coin was down 1.22% at $0.0000007048.

Shiba Inu's price was down 0.75% at $0.000007187 per token. The total supply of Shiba Inu coins is 589.59 Trillion SHIB.

Dogecoin traded 0.25% lower at $0.06113 on Tuesday. The total supply of Dogecoin is 141.29 Billion DOGE.

How Are Other Altcoins Performing Today?

XRP:

Ripple's XRP price was down 0.88% at $0.5255 per token on Friday. XRP is ranked number 5 out of all 8,995 active cryptocurrencies listed on CoinMarketCap.

Cardano:

Cardano price was up 1.87% at $0.2629 per token at the time of writing this article.

Solana:

The price of Solana was down 0.29% today at $23.17 per token. Solana is the world's 7th largest cryptocurrency in terms of market cap.

Polkadot:

Polkadot price traded 0.30% higher at $4.05 per token at the time of writing this article. Polkadot is the world's 14th largest cryptocurrency in terms of market cap.

Top Crypto Losers Today:

The top crypto losers in today's trade were Toincoin, Stellar, and Quant down 3.58%, 2.77%, and 2.29% respectively.