Cryptocurrency Price Today October 10: Bitcoin, Ethereum, Tether (USDT) Trade In Red, Shiba Inu Falls 1%

Bears outperformed bulls in the crypto market on Monday as the global crypto market cap fell 0.45% to $1.09 Trillion today.

The total crypto market volume over the last 24 hours rose 21.95% at $18.61 Billion. The total volume in DeFi stood at $2.15 Billion, 11.57% of the total crypto market 24-hour volume. Meanwhile, the current volume of all stablecoins at $16.57 Billion is 89.04% of the total crypto market 24-hour volume.

Bitcoin price traded lower today. At the time of writing this article, the price of Bitcoin was down 0.30% at $27,949.16 per token. Bitcoin is the world's largest cryptocurrency with a market cap of $545,273,657,811.

Ethereum price continued to trade lower today, below the $1,650 mark. Ethereum price was spotted trading at $1,632.64 per token, down 0.35%. One should note that Ethereum is currently trading at a very crucial level as any dip below $1,600 will raise concerns about the asset's short-term stability. Given the current market sentiment, the altcoin's price action opens up the possibility of Ethereum reaching the $1,500 price threshold.

Meanwhile, the price of other altcoin Tether (USDT) was down 0.02% at $1.00 per token. Tether USDt is the world's third largest cryptocurrency in terms of marketcap. The crypto has a market cap of $83.5 Billion.

How are meme coins performing today?

Meme coins traded mostly lower today.

Shiba Inu's price was down 0.91% at $0.000007195 per token. The total supply of Shiba Inu coins is 589.59 Trillion SHIB.

Dogecoin traded 0.93% lower at $0.06097 on Monday. The total supply of Dogecoin is 141.33 Billion DOGE.

How Are Other Altcoins Performing Today?

XRP:

Ripple's XRP price was down 0.72% at $0.5191 per token on Monday. XRP is ranked number 5 out of all 8,956 active cryptocurrencies listed on CoinMarketCap.

Cardano:

Cardano price fell 0.76% at $0.2568 per token at the time of writing this article.

Solana:

Solana price fell 1.21% today at $23.26 per token. Solana is the world's 7th largest cryptocurrency in terms of market cap.

Polkadot:

Polkadot price traded 1.03% lower at $4.02 per token at the time of writing this article. Polkadot is the world's 14th largest cryptocurrency in terms of market cap.