RAY, ORDI & DOGE are in the news as the Cryptocurrency market remains highly dynamic

with notable fluctuations in key areas such as the market capitalization, the 24-hour volume, the BTC dominance rate, and percentage liquidations.

The cryptocurrency market continues to be highly dynamic, with notable fluctuations in key areas such as the market capitalization, the 24-hour volume, the BTC dominance rate, and percentage liquidations.

Here's a daily summary on November 9, 2024, covering some of the most interesting cryptocurrency market movements.

1. Cryptocurrency Market Capitalization Surges Past $2.6 Trillion

According to Coinmarketcap data, the market capitalization of all cryptocurrencies, as of today, is already reaching an incredible $2.61 trillion, with the 24H volume of crypto trade reaching $126.37 billion.

2. Bitcoin (BTC) Price Hovers Around $76K, ETH Price at $3K

Prominent cryptocurrencies include Bitcoin (BTC) and Ethereum (ETH); BTC's price is $76,562, with a dominance of 58.1%. ETH is at a price of $3,034, and it holds 14% of the total market cap.

3. Total Value Locked (TVL) in DeFi Surges Past $164 Billion

The Total Value Locked (TVL) in DeFi is $ 164.23B, and this shows that investors continue to show interest in decentralized finance.

4. Gas Fees in the Ethereum Network Drop to 10 GWEI

On the other hand, gas fees are considerably lower in the Ethereum network at 10 GWEI, which makes it easier for transactions to take place.

5. Fear and Greed Index Shifts Towards 'Greed' Zone

The sentiment in the market is slightly more on the ‘’Greed’’ side according to the Fear and Greed index, which is currently at 75. This shows positive investors' sentiment, and it has risen from a score of 72 in the last 24 hours to 75 a week ago.

6. RAY, ORDI, HMT, WLD, MNT Top Performers in the Last 24 Hours

Out of the most volatile assets, RAY has emerged as the leader, with a rise in RAY price by 22.55% after a small decline of -0.34%. Following closely is ORDI at a 13.58% bounce and a -2.18% dip.

7. ETH, BTC, SOL, DOGE, and Drift Protocol Top Liquidations in 24 Hours

Looking at the trading data in the past 24 hours, Ethereum massively recorded the highest liquidation rate at $45.83M, with Bitcoin coming in second at $35.69M. Another coin that also experienced high liquidation was Solana (SOL), with a total of $13.21M, Dogecoin (DOGE) $12.33M and Drift Protocol $10.12M.

8. BTC Longs and Shorts Remain Neck-and-Neck

Trading sentiment for Bitcoin reveals a tight contest between the bulls and bears. In summary, the BTC longs remain 49.74% while on the other hand, the BTC shorts remain 50.26%.

9. Cryptocurrency Market Overview: High Volatility, Top Tokens Bounce Back

Today’s market overview looks positive; high volatility is a threat and a benefit at the same time. Such tokens as RAY, ORDI, and WLD demonstrate high bounce; however, ETH and BTC dominate in liquidations. Of course, the volatility should be taken with caution as per usual, especially for the market participants.

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