{"id":12542,"date":"2024-10-09T09:18:12","date_gmt":"2024-10-09T09:18:12","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=12542"},"modified":"2024-10-09T09:18:12","modified_gmt":"2024-10-09T09:18:12","slug":"bitcoin-steady-at-62000-as-eigenlayer-eigen-pulls-ahead-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=12542","title":{"rendered":"Bitcoin Steady at $62,000 as EigenLayer (EIGEN) Pulls Ahead: Market Watch"},"content":{"rendered":"

The past 24 hours were relatively calm, at least in terms of price action. In fact, the total cryptocurrency market capitalization remained flat at around $2.26 trillion.<\/p>\n

All eyes were on the HBO documentary\u00a0Money Electric: The Bitcoin Mystery,\u00a0<\/em>which aired last night. The film claims to have identified Satoshi Nakamoto, the pseudonymous creator of Bitcoin. According to it, that\u2019s Peter Todd,<\/span>\u00a0a 39-year-old software developer who\u2019s been known to have ties to the community spanning back a long time.<\/p>\n

Todd denied<\/a> the claims, while the majority of the community failed to take the documentary seriously. That said, let\u2019s jump right into the price action.<\/p>\n

Bitcoin Flat at $62,000<\/h2>\n

As mentioned above, the price failed to chart any significant differences throughout the past 24 hours and remained relatively calm at around $62,000.<\/p>\n

<\/a>Source: TradingView<\/p>\n

The derivatives market saw a combined total of about $120 million worth of liquidated positions throughout the period, with $69 million of them being long traders. Apparently, bears are currently in control of the price action.<\/p>\n

It\u2019s interesting to see if $62,000 will hold because if it fails, the next imminent support will be found at the pivotal technical and psychological level of $60K. Bitcoin\u2019s behavior around that mark will likely determine its future trajectory.<\/p>\n

Meanwhile, the state of the market remains neutral, completely unchanged from yesterday.<\/p>\n

EigenLayer (EIGEN) Leads Altcoin Market<\/h2>\n

Elsewhere on the altcoins market, EIGEN happens to be the best performer in the past 24 hours, outperforming all other coins from the top 100. It\u2019s up more than 10% and trades above $4. The recently-launched native cryptocurrency of one of Ethereum\u2019s largest restaking protocols boasts a market capitalization of around $760 million.<\/p>\n

<\/a>Source: Quantify Crypto<\/p>\n

EIGEN aside, most of the other coins have failed to achieve any notable performances. ETH, SOL, XRP, ICP, PEPE, BCH, TON, AVAX, and many others are trading flat on the day.<\/p>\n

October has historically been a positive month for the industry, so it\u2019s interesting to see if the trend will continue. Unfortunately, the crypto markets have been quite disappointing so far.<\/p>\n

The post Bitcoin Steady at $62,000 as EigenLayer (EIGEN) Pulls Ahead: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The past 24 hours were relatively calm, at least in terms of price action. In fact, the total cryptocurrency market capitalization remained flat at around $2.26 trillion. All eyes were on the HBO documentary\u00a0Money Electric: The Bitcoin Mystery,\u00a0which aired last night. The film claims to have identified Satoshi Nakamoto, the pseudonymous creator of Bitcoin. According […]<\/p>\n","protected":false},"author":0,"featured_media":12543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/12542"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12542"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/12542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/12543"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}