On October 2nd, the cryptocurrency market experienced a "roller coaster"行情, with major token prices fluctuating wildly.

Bitcoin has shown a significant volatility pattern in intraday trading. Earlier, its price briefly climbed to a high of $119,747, demonstrating an upward momentum. However, this surge could not be sustained, and there was a notable pullback afterward. As of the report, Bitcoin's price fluctuated around $118,744, having retreated nearly $1,000 from the intraday high. This substantial price fluctuation reflects the fierce competition between bullish and bearish forces in the market.

At the same time, Ethereum's trend shows a high degree of synchronization with Bitcoin. It also experienced a brief surge during the day, reaching a peak level of $4,418. However, soon after, there was a rapid decline, dropping to a low of $4,364, a decrease of more than $50. As of now, Ethereum's trading price hovers around $4,374. This pattern of rising first and then falling mirrors that of Bitcoin, reflecting the rapid changes in market sentiment.

The severe volatility in the cryptocurrency market today indicates that investor sentiment remains sensitive, and there is a divergence among market participants regarding short-term price trends. This uncertainty may stem from multiple factors such as the global economic situation, changes in regulatory policies, or the trading behavior of large institutional investors. In such a turbulent market environment, investors need to remain vigilant and closely monitor market trends and potential influencing factors.