Daily Market Summary – October 20, 2024

As of October 20, 2024, the cryptocurrency market continues to show mixed movements across various coins, with Bitcoin (BTC) maintaining a solid dominance and certain altcoins experiencing notable volatility. Here’s a breakdown of key statistics and events from the day, along with insights into market sentiment and liquidations.

The cryptocurrency market showed mixed movements on October 20, 2024, with Bitcoin (BTC) maintaining its dominance and certain altcoins experiencing notable volatility. Here's a summary of key statistics and events from the day.

Total crypto market cap stands at $2.35 trillion, with over 30,646 currencies actively traded.

Over the last 24 hours, the market saw a trading volume of $42.15 billion.

Bitcoin's price is at $68,391, with a dominance of 57.6%, while Ethereum's price is at $2,649, with a dominance of 13.6%.

ETH gas fees are low at 10 GWEI, supporting DeFi activity, with a total value locked (TVL) of $142.91 billion in DeFi protocols.

The Fear and Greed Index reflects market sentiment, with a score of 73, indicating the "Greed" phase.

Several cryptocurrencies experienced notable bounces and dips in the last 24 hours. ApeCoin (APE) led the dip, dropping by 6.09% but making an impressive bounce back of 70.12%. Jupiter (JUP) experienced a slight dip of 1.28% but rebounded by 9.54%. Other altcoins like Immutable X (IMX) and Beam (BEAM) showed minimal movement, dipping by 0.36% and 1.22%, respectively, and bouncing back by small margins.

Regarding liquidations, APE led the list with total liquidations amounting to $5.53 million, followed closely by BTC with $5.52 million. Other notable liquidations included DOGE at $4.80 million, SOL at $3.89 million, and DIA at $2.22 million, highlighting the continued volatility in the market.

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