The total investment in the global cryptocurrency market on November 17, 2024, stood at $3.07 trillion. The 24-hour volume was $181.37 billion, indicating increased trading activities. The situation in the market has now reached “Extreme Greed,” with the Fear and Greed index noted at 78. Phoenix, a crypto analytical platform shared the stats of the crypto market through its official X account.
Daily Summary on November 17, 2024$OM $BONK $XLM $QNT $RAY $ETH $BTC $XRP $DOGE $SOL#dailysummary #DeFi #Crypto pic.twitter.com/uAJNeLBQGY
— PHOENIX – Crypto News & Analytics (@pnxgrp) November 17, 2024
Bitcoin ($BTC) Dominates the Crypto Market with Over $91K
Bitcoin ($BTC) remains the top cryptocurrency, trading at $91,215 with a market dominance of 58.9% and Decentralized finance Total value Locked of $176.20B. This highlights its strong market position. The sustained demand for Bitcoin highlights growing investor confidence as its price trends upward.
Ethereum ($ETH) traded at $3,147, holding a market dominance of 12.4%. The network’s gas fee was notably low at 9 GWEI, reflecting efficient transaction costs. This consistency in Ethereum’s performance underscores its ongoing utility in decentralized finance (DeFi) and other blockchain applications.
Crypto Market Movers and Price Trends
$OM led the top-performing cryptocurrencies with a 52.12% price increase, followed by $BONK at 34.77% and XLM at 14.47%. While, $QNT and $RAY saw recorded 12.59% and 16.77%, respectively. These fluctuations highlight varying investor sentiment across digital assets.
In the past 24 hours, total liquidations across major cryptocurrencies reached $152.52 million. Ethereum ($ETH) led with $72.25 million in liquidations, followed by Bitcoin ($BTC) with $68.46 million. Ripple ($XRP) recorded $52.77 million, reflecting increased market volatility. Moreover, $DOGE and $SOL recorded $27.20 million and $21.83 million
The crypto market’s impressive figures and dynamic activity signal sustained growth and investor interest. Bitcoin’s price is rising, while Ethereum remains steady, supporting market stability. However, liquidation trends highlight the need for careful trading during volatility.
