- Cryptocurrency stocks gained 4% average per MarketBeat Oct. 10.
- Bitcoin at $75,158 USD, Fear & Greed Index at 29 per Alternative.me.
- MSTR up 6.8% to $1,950 USD, CLSK +5.1% to $12.45 USD.
Cryptocurrency stocks rose 4% on average Oct. 10, 2024, as Bitcoin traded at $75,158 USD after its April halving, per MarketBeat screening tools. Fear & Greed Index stood at 29, per Alternative.me.
Ethereum traded at $2,307.65 USD, down 0.6%. XRP stood at $1.41 USD, down 0.7%. BNB reached $626.38 USD, up 0.8%. USDT held at $1.00 USD. CoinGecko provided prices for the New York session Oct. 10, 2024.
Bitcoin's fourth halving occurred April 19, 2024. Block rewards fell to 3.125 BTC every 210,000 blocks.
Top Cryptocurrency Stocks Screened by MarketBeat
MarketBeat ranked stocks by volume and 30-day momentum. Marathon Digital Holdings (MARA) rose 4.2% to $22.15 USD, market cap $6.2 billion USD. Riot Platforms (RIOT) gained 3.5% to $10.80 USD, market cap $3.1 billion USD.
CleanSpark (CLSK) advanced 5.1% to $12.45 USD, market cap $2.8 billion USD. Coinbase Global (COIN) rose 2.3% to $178.50 USD, market cap $44.5 billion USD. MicroStrategy (MSTR) gained 6.8% to $1,950 USD, market cap $32.9 billion USD. MarketBeat editor Sam Quirke listed these in an Oct. 10, 2024, update, noting post-halving performance.
- Stock Ticker: MARA · Price (USD): 22.15 · 24h Change: +4.2% · Market Cap (USD): 6.2B
- Stock Ticker: RIOT · Price (USD): 10.80 · 24h Change: +3.5% · Market Cap (USD): 3.1B
- Stock Ticker: CLSK · Price (USD): 12.45 · 24h Change: +5.1% · Market Cap (USD): 2.8B
- Stock Ticker: COIN · Price (USD): 178.50 · 24h Change: +2.3% · Market Cap (USD): 44.5B
- Stock Ticker: MSTR · Price (USD): 1,950 · 24h Change: +6.8% · Market Cap (USD): 32.9B
MarketBeat data as of Oct. 10 close.
Bitcoin Halving Reduces Supply
Bitcoin has a 21 million coin cap. CoinGecko reports 19.7 million BTC in circulation. Halvings cut issuance; after 2020 halving, BTC rose 650% in 18 months to $69,000 USD peak, per CoinGecko price history.
Glassnode co-founder Rafael Fadul said in a September 2024 studio report that whales accumulated 50,000 BTC since halving. Miners cut operations, lowering hash rate 5% in Q3 2024, per Cambridge Centre for Alternative Finance.
Fear & Greed Index Breakdown
Alternative.me computes the index using volatility (25%), momentum (25%), sentiment (15%), dominance (10%), and trends (25%). Score of 29 indicates fear, below neutral 50.
Alternative.me archives since 2018 show scores under 30 led to 35% average rebounds in 30 days. CryptoQuant CEO Ki Young Ju posted on X Oct. 9, 2024, that low fear matched $450 million USD BTC exchange outflows last week.
Miner Cybersecurity Challenges
Halving halved rewards, cutting revenues 50%. Chainalysis head of research Elizabeth McCauley wrote in the 2024 Crypto Crime Report that ransomware hit mining firms up 22% year-over-year, causing $60 million USD losses.
Krebs on Security reported DDoS attacks on 15 major pools in Q3 2024. MarketBeat recommends multi-signature wallets and cold storage. Ethereum's 2022 proof-of-stake shift cut energy 99.9% but saw $1.7 billion USD in smart contract exploits in 2024, per Chainalysis.
ETF Inflows Support Prices
BlackRock IBIT ETF drew $12.4 billion USD inflows since Jan. 11, 2024, launch. Fidelity FBTC added $8.2 billion USD. ETH ETFs, approved July 23, 2024, gained $1.2 billion USD first week, per ETF.com.
EU MiCA rules start phasing in 2026, aiding XRP at $1.41 USD. BNB gains from Binance.US relaunch. Federal Reserve minutes released Oct. 9, 2024, indicated 25 basis point cut in November.
Glassnode metrics show 2.1 million BTC held long-term. Fadul called cryptocurrency stocks proxies for BTC at $75,000 USD levels.
Frequently Asked Questions
Which cryptocurrency stocks does MarketBeat highlight?
MarketBeat screens by volume and momentum: MARA +4.2%, RIOT +3.5%, CLSK +5.1%, COIN +2.3%, MSTR +6.8% on Oct. 10, 2024.
What does Fear & Greed Index at 29 indicate?
Alternative.me index at 29 signals fear. Archives show 35% rebounds follow scores under 30.
How has halving impacted miner cybersecurity?
Rewards halved to 3.125 BTC. Chainalysis reports 22% rise in ransomware, $60M losses in 2024.
What supports BNB at $626.38 USD?
BNB rose 0.8% on Binance volume amid BTC at $75,158 USD and regulatory tailwinds like MiCA.
