As of October 20, 2024, the cryptocurrency market continues to show mixed movements. Bitcoin maintains its dominance while certain altcoins experience notable volatility.

Current State of the Cryptocurrency Market

The total cryptocurrency market cap is $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, indicating continued interest in crypto assets despite fluctuations in individual coin prices. Bitcoin is priced at $68,391 and holds a dominance of 57.6%. Ethereum, on the other hand, is priced at $2,649 with a dominance of 13.6%. The ETH gas fees are relatively low at 10 GWEI, supporting decentralized finance (DeFi) activity, with the total value locked (TVL) in DeFi protocols at $142.91 billion.

Market Sentiment and Notable Fluctuations

The Fear and Greed Index scores 73, indicating a 'Greed' phase in the market. This is a considerable shift from the score of 49% thirty days ago, suggesting increasing bullish confidence among traders. The balance between BTC longs and shorts shows a slight edge to shorts (50.73% vs. 49.27%). Notable cryptocurrencies included ApeCoin, which dipped by 6.09% and rebounded by 70.12%, and Jupiter with a slight dip of 1.28% and a rebound of 9.54%. Other altcoins, such as Immutable X and Beam, showed minimal movement.

Liquidations and Cryptocurrency Volatility

In terms of liquidations, APE led 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. These figures highlight the continued volatility in the market as traders face margin calls on highly leveraged positions.

The crypto market remains dynamic and volatile, with major assets like Bitcoin and Ethereum maintaining their positions while altcoins like APE and JUP experience significant price swings. With the market sentiment in the 'Greed' zone, investors should remain cautious, particularly in light of the high liquidation figures, which signal potential over-leverage in the market.