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COINTURK NEWS > Altcoin News > Market Participants Remain Optimistic About Cryptocurrency
Altcoin News

Market Participants Remain Optimistic About Cryptocurrency

In Brief

  • The cryptocurrency market shows strong upward trends with significant gains.

  • Major cryptocurrencies like Bitcoin and Ethereum maintain healthy trading levels.

  • Investor confidence continues to rise amid positive market dynamics.

Ömer Ergin
Ömer Ergin 8 months ago
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Today, market participants around the world continue to maintain optimism in the cryptocurrency market. Bitcoin (BTC) $105,151 successfully remains above $68,000, while significant cryptocurrencies like Ethereum (ETH) $2,411, Solana $144 (SOL), and XRP experience daily increases ranging from 3% to 7%. Notably, ApeCoin (APE) has gained nearly 50%, making it the biggest winner of the day.

Contents
General Market OverviewPerformance of Major CryptocurrenciesTop Gainers and Losers of the Day

General Market Overview

The total value of the global cryptocurrency market has risen by 1.23% to reach $2.37 trillion. Market volume increased by 57.91% over the last 24 hours, reaching $65.76 billion. Monday’s market reflected a strong upward trend influenced by a favorable trend known as “Uptober.” Bitcoin temporarily touched $69,000, while Ethereum surpassed the $2,700 mark.

Performance of Major Cryptocurrencies

Bitcoin is trading at around $68,903, with a modest increase of about 1%. Ethereum rose by 3.5% to reach $2,732. Solana experienced a 6.5% jump, climbing to $169, while XRP traded at $0.5474 with a 1% gain. Ripple $2‘s Chief Counsel Stuart Alderoty stated, “It is possible for Judge Analisa Torres to approve or expand her decision,” boosting expectations for XRP.

Top Gainers and Losers of the Day

ApeCoin stands out with a 50% increase. dYdX and Jupiter also saw significant gains of 30% and 10%, respectively. Conversely, Litecoin fell by 2% to $73.66, while MANTRA and Aerodrome Finance experienced about a 1% loss.

Hourly data indicates that Bitcoin has increased by 0.25% and Ethereum by 0.2%. These small increases have bolstered investor confidence in the positive market trend.

A generally positive atmosphere prevails in the cryptocurrency market. Investors’ interest and confidence remain high. The market’s upward movement signals future opportunities, yet regulatory developments affecting the market should be monitored closely.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 21 October, 2024 - 9:08 am 21 October, 2024 - 9:08 am
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