OnNovember3,2024,thecryptocurrencymarketexperiencednotablebouncesandsignificantliquidationsacrossvariousassets.AccordingtoPhoenix,acryptomediaoutlet,$APEledthechargewithanimpressivebounceof8.49%.Thisriseshowsthatthereisincreasingattentionandupwardtrendinthismarketwhichmeansthatinvestorsareinterestedinthisparticularasset.
DailySummaryonNovember3,2024$APE$IMX$RAY$BEAM$ORDI$BTC$ETH$DOGE$SOL$SUI#dailysummary#DeFi#Cryptopic.twitter.com/MR35vT9S07
—PHOENIX–CryptoNews&Analytics(@pnxgrp)November3,2024
$IMXRises6.08%,ReflectingTraderOptimismandCloselyFollowing$APE
Insecondplace,$IMXhadanincreaseof6.08%.Thisincreaseisattributedtooptimismfromthetradersandmaymeanexpansionforthetoken.Anotherwhodistinguishedhimselfwas$RAYwhichincreasedby5.65%Thisonlyaddedtotheoverallpositiveoutlookinthemarket.Thesebouncesindicatethattradersareinterestedinthealtcoinsandastheysearchfornewopportunitiesoutsidethebiggestcoins.
Otheraltcoinsalsopostedgoodresultsonthisdayaswell$BEAMincreasedby3.79%andremainsanobjectofinterestforinvestors.Atthesametime,$ORDIhasa3.78%improvement,whichalsoshowstheupwardmovementin$ORDI’sperformance.Thesemovementsindicatethatvariousvaluesinthecryptosphereareattractingtheattentionoftradersinsearchofnewinstruments.
$BTCLeadsLiquidationswith$62.17MilliononNovember3
Incontrasttosuchbounces,theliquidationenvironmentwascharacterizedbyratherimpressivenumeration.Bitcoin($BTC)wasbyfarthemostliquidatedtokenonthelistwithliquidationsworth$62.17million.Thisfigurealsoshowsthecurrentoscillationofthemarketandrepresentstraders’responsetohigh-speedfluctuationsofprices.SecondonthelistwasEthereum($ETH)at$27.21million,showingthestrugglesofthesecondmostvaluablecryptocurrency.
Additionally,$DOGEwasliquidatedfor$10.11million,andSolana$SOLfor$8.26million,whichshowsthatmanytradersarestillworriedaboutthepriceriskoftheseassets.Finally,$SUImadeliquidationsworth$4.56millionwhichispartoftheoverallliquidationsinthemarket.
Lastly,thefluctuationinthecryptocurrencymarketcanbefurtherseeninthemovementsofbouncesandliquidationsonNovember3,asreportedbyPhoenix.Whilesomecoinsareonanupwardtrajectory,othersareexperiencingtremendousdumping.Suchanenvironmentmeansthattherearebothopportunitiesandrisksfortradersintheworldofcryptocurrencies.
blockchainreporter.net