The cryptocurrency market witnessed mixed price movements on October 1. Bitcoin (BTC) $63,953 While standing at $63 thousand, Ethereum (ETH) 
$2,634Top cryptocurrencies such as , Solana (SOL) and XRP followed a volatile trend. However, Bittensor (TAO) and Sui (SUI) made significant gains despite the general trend in the market.
The Situation of Bitcoin and Major Cryptocurrencies
The price of Bitcoin fell to the level of 63 thousand dollars while it was above 66 thousand dollars. ETH, SOL and XRP showed daily activity. The market value of BTC was recorded at $1.26 trillion, with a slight decrease in market dominance at 55.93 percent.
General Situation of the Cryptocurrency Market
While the total value of the cryptocurrency market decreased by 0.77 percent to 2.25 trillion dollars today, the total market volume increased by 38.6 percent to 80.68 billion dollars. This activity led to speculation among investors.
Performance of Major Altcoins
Bittensor (TAO) increased by approximately 9 percent in the last 24 hours, reaching $605.86. SUI, on the other hand, increased by over 10 percent to $1.91. On the other hand, decreases were observed in JasmyCoin and Celestia prices.
These fluctuations in the cryptocurrency market are caused by various factors. Especially large-scale transactions and ETF flows are among the important factors affecting market movements.
According to Whale Alert data, large-scale selling has occurred in the ETH market, which may affect investor confidence. Additionally, Japan-based Metaplanet’s purchase of 107.91 BTC may signal the beginning of an uptrend called “uptober.”
Dogecoin among Memecoins 
$0.121414 While the price of Shiba Inu and Shiba Inu decreased, some memecoins such as dogwifhat and FLOKI gained value. This reflects the diversity among memecoins and different investor behavior.
Market analysis shows that cryptocurrencies may continue to show volatility in the short term. Therefore, it is important for investors to follow market movements carefully.
In general, fluctuations in the cryptocurrency market continue to present opportunities and risks for investors. Understanding market dynamics and making careful analysis is critical to making the right investment decisions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
