LIVECrypto Market update: current status of bitcoin, Altcoins, and Top Performers
As we approach the end of october, the uptober narrative is starting to manifest itself, and optimistic investors have been proven right for now, Despite ongoing adversities, the cryptocurrency market are experiencing a resurgence. BTC is hovering around the $30,000 mark, and many cryptocurrencies have seen double digit gains. so, what is the current status in the market ?
Crypto Currencies Current Status
Bitcoin (BTC) closed at $29,900. surpassing the previous closing price. the total trading volume of cryptocurrencies is still around $40 billion, indicating a significant number of cuatious investors.
The cumulative value of BTC and altcoins reached $1.15 trillion. however, due to BTC's dominance, BTCD is reaching its highest level in the past two years, with over 51% dominance.
BTC, which has gained 11% weekly, may witness surprising rallies in altcoins if it does not spring any negative surprises as we approach the fed meeting on novermber 1st. many cryptocurrencies have found opportunities for a sudden recovery while lingering at thier all time lows. This could lead to a larger percentage increases for prices at the bottom.