Crypto News Today (Oct 21st, 2024): BTC Back at $68k, Memecoins and Altcoins Show Double-Digit Gains!

The global cryptocurrency market has experienced a positive shift, with a 0.69% increase bringing the total market cap to $2.36 trillion. The 24-hour trading volume saw an impressive 80.85% surge, reaching $76.3 billion. Market sentiment continues to trend in the “Greed” zone, as indicated by the Fear & Greed Index at 63.

Bitcoin Overview: BTC Remains Below $70k, Despite $20B ETF Inflow?

Bitcoin’s price remains steady, slipping slightly by 0.24% to $68,210.67, though it briefly touched above $69,000 for the first time in a month. The correction despite the $20B ETF inflow has been a let-down for investors. Irrespective of this minor setback, Bitcoin dominance holds at 57.2%. Interestingly, Bitcoin’s 24-hour trading volume spiked by 92.86%, suggesting heightened market activity. Though the all-time high of $73,750.07 remains distant, the market seems poised for potential upward movement.

Keen about BTC’s future price targets? Our Bitcoin Price Prediction answers that and much more!

Altcoin Highlights: Apecoin & MEW Memecoins Lead Gainers

ETH price continues its upward trajectory, rising 2.23% to $2,706.51, with Ethereum’s dominance now at 13.8%. Solana also saw a solid 4.74% rise, hitting $166.34, while XRP joined the rally with a 2.99% gain, now at $0.5561.

Curious about the long-term price targets of ETH? Read our Ethereum Price Prediction

Memecoins and altcoins have once again captured the spotlight, with several experiencing impressive gains. Apecoin led the top gainers with a 26.67% jump, followed by dydx, which surged 17.39%. Memecoin MEW also climbed 10.17%, adding fuel to the ongoing meme coin rally.

Top Gainers:

• Apecoin: $1.74 (+26.67%)
• dydx: $1.20 (+17.39%)
• MEW: $0.009384 (+10.17%)

Top Losers:

• First Neiro on Ethereum: $0.001747 (-7.43%)
• Immutable: $1.58 (-3.52%)
• Aerodrome Finance: $1.26 (-3.47%)

As the market remains in a “Greed” phase, investors are keeping a close watch on Bitcoin’s next moves, while altcoins and meme coins continue to lead the charge, offering exciting opportunities for gains.