Bitcoin Dominates Crypto Market with 57.6% Share as Total Volume Hits $66.75B

The cryptocurrency trading volume was considerably active on 19th October 2024, with a trading volume across the entire cryptocurrency market in the last 24 hours reaching $66.75 billion. Bitcoin ($BTC) still leads the pack with a value of $68,367 and a market share of 57.6%. Phoenix, a crypto analytical platform, shared the details of the crypto market through its official X account.

Ethereum Follows Bitcoin’s Lead with Steady Growth

Ethereum ($ETH) is the second most popular crypto coin by market capitalization, with a current price of $2,642 and a market share of 13.6%. The market’s value stands at $2.35 trillion, with more than 30646 currencies in circulation.

The current market value locked in DeFi equals $142.86 billion, proving the sector’s relevance. Volumes in the DeFi segment continue to affect the overall market, while interest in $SUI, $SOL, and $DOGE tokens is growing. The market is also actively involved in tokens like $WLD, $AXS, and $PENDLE, which have changed prices over the past 24 hours.

Other Top Crypto Gainers and Liquidations

Volatility drives market behavior, and several cryptocurrencies have experienced price movements. The biggest gainer in the past 24 hours was $WLD, with a 1.94% price rise, followed by $AXS at 0.94%. $GALA and $ONDO experienced dips of 1.48% and 1.46%, respectively. These fluctuations, though significant, are seen as part of the general market behavior due to liquidations.

Liquidations in the past 24 hours totaled over $62.33 million, with BTC leading at $24.33 million in liquidated positions, followed by $ETH at $14.35 million. Other prominent liquidations include DOGE at $7.7 million and $SOL at $5.24 million. This activity reflects the ongoing shifts in market positions as traders adjust to the prevailing market conditions. The overall sentiment in the crypto market is still positive, as the Fear and Greed Index scores 73, which is greed.