Crypto prices for some coins rose sharply as the cryptocurrency market experienced notable gains on Friday, October 11.
Bitcoin reclaimed $62k and most top altcoins traded higher, with notable surges for Ethena and Celestia.
Here is the crypto price performance during the US trading session as well as some of the top news stories of the day:
Crypto price today
The global crypto market cap was up 1.4% in 24 hours to $2.27 trillion. Meanwhile, the global volume stood at just over $93.59 billion.
Bitcoin price hovered around $62,800 at the time of writing, up 6.25% in 24 hours, while Ethereum price changed hands near $2,447 with an intraday gain of 4%.
ARKM, WLD lead AI-related tokens
Meanwhile, Arkham (ARKM), Worldcoin (WLD), and Bittensor (TAO) led artificial intelligence-related tokens higher.
In terms of gains for these AI tokens, ARKM, WLD, and TAO all had double-digit 24-hour gains, with these at 17%, 16%, and 11% respectively at the time of writing.
ENA price soars 28%
Positive ecosystem developments also helped Ethena (ENA), Hedera (HBAR) and Celestia (TIA). ENA price was up 28% to lead top gainers among the top 100 coins by market cap.
The surge follows Ethena’s announcement on Oct. 10 regarding its reserve fund allocations to RWA assets such as BlackRock’s BUIDL and Sky’s USDS.
TIA was also up amid news around the RPG game Kamigotchi. New exchange and the broader market’s upside also helped Celestia’s price as did Grayscale’s announcement.
Another token to trade higher was Hedera Hashgraph’s HBAR, which was poised above $0.05 as the community reacted to the latest news highlighted below.
Curve Finance token also surged as Invezz covered earlier in the day.
Rest of the news about crypto
MicroStrategy’s endgame for Bitcoin
MicroStrategy is the largest corporate holder of Bitcoin, with the publicly traded company holding 252,220 BTC following its recent purchase.
In comments made during an interview with Bernstein, the company’s founder and Chairman Michael Saylor shared what the endgame is.
According to Saylor, the goal is for MicroStrategy to become a Bitcoin bank. The price of BTC rose slightly on Friday to break above $62k.
Nigerian court rejects Binance exec’s bail again
Tigran Gambaryan has been in custody in Nigeria since his arrest earlier in the year. Attempts to have him released on bail have failed, The Block reported.
The court rejected the latest effort on Friday despite pleas on grounds of his health.
Gambayan has been detained for more than 220 days, even though the US citizen was never the decision maker at the crypto exchange.
Nigerian authorities arrested Gambaryan and fellow Binance exec Nadeem Anjarwalla on February 26, 2024.
The two face criminal charges related to money laundering, which Binance and the two executives deny.
Grayscale eyes several altcoins for its products
On Oct. 10, digital assets manager and GBTC issuer Grayscale announced it was looking at several assets for inclusion into its products.
The tokens include DOGE, WLD, AERO, PENDLE, POL, TIA, TRX, TON.
Grayscale has recently launched multiple crypto products, including a Sui Trust that saw the altcoin’s price explode.
Karate Combat announces L2 launch on Hedera
Web3 contact sports league project Karate Combat announced it will unveil its layer-2 network on Hedera.
The UP layer-2 platform is expected to launch in Q1, 2025 – with 30% of the native UP token set for KARATE holders and 10% for an incentive program. HBAR Foundation shared the news on X.
Worldcoin and Dune partnership
Worldcoin continued to rally into the weekend as the digital identity’s native token rose more than 20% following the latest news announcement.
After its orbs expansion into the Dominican Republic, Worldcoin revealed a new partnership with Dune, the web3 data analytics provider.
The collaboration aims at ensuring real-time accessibility to data for users of World Chain, the project’s new blockchain set for mainnet launch.
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