On the morning of October 6, 2024, the crypto market exhibited steady movements among major digital assets such as $CFX, $FTM, $BONK, $AVAX, $BGB, $ETH, $BTC, $SUI, $CATI, and $NEIRO.

Crypto Market Analysis

From time to time, the cryptocurrency market shows significant changes. Today, the market capitalization stands at $2.15 trillion, and the trading volume over the past 24 hours reached $35.85 billion. Bitcoin continues to dominate the market with a 56.9% share and a price of around $62,020. Among other assets, $CFX rose by 9.13%, and $FTM by 5.30%. Meanwhile, $AVAX and $BONK saw minor decreases of -0.34% and -4.55% respectively.

Fear and Greed Index

Currently, the overall market atmosphere remains neutral, as indicated by a 52 on the fear and greed index. This suggests a balanced investor outlook. Additionally, moderate fees standing at 5 GWEI may lead to increased activity in DeFi and NFT spheres.

Market Reactions

Ethereum leads in liquidations with a total volume of $6.16 million, followed by Bitcoin with $4.83 million. Meanwhile, smaller-cap assets like $CATI and $NEIRO also experienced significant liquidations at $1.98 and $1.48 million, respectively, suggesting that traders of smaller market caps should proceed with caution.

The cryptocurrency market continues to show resilience. Despite some fluctuations, overall market capitalization remains substantial, and investor interest is consistently maintained.