CandleFocus Bitcoin and Ethereum Decline as Altcoin Volatility Grows
2024-11-05
Author: Content Editor
The cryptocurrency market experienced mixed performance, with Bitcoin and Ethereum facing declines while altcoins like ENA, DOGE, and SUI showed volatility. Bitcoin maintained a dominant market share of 60.6%, trading at $68,519, while Ethereum followed with a 13.3% market share and a price of $2,458. The overall market cap of all cryptocurrencies stood at $2.24 trillion, with a 24-hour trading volume of $70.06 billion. DeFi Total Value Locked (TVL) remained steady at $130.55 billion. Several altcoins saw significant price action, with ENA and SUI experiencing declines, while DOGE and PENDLE managed slight recoveries. The market also saw notable liquidations, with BTC leading the way followed by ETH, DOGE, and SOL. Despite market volatility, the Fear and Greed Index scored 66, indicating optimism among investors. However, caution is advised due to the volatility in altcoins and significant liquidations. Bitcoin and Ethereum continue to dominate the market, while smaller coins reflect speculative interest. Overall, investor sentiment remains positive but tempered by market turbulence.
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