Bitcoin ($BTC) Dominates the Crypto Market with Over $91K

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 Twitter account.

As of November 17, 2024, the total cryptocurrency market capitalization stood at $3.07 trillion, a testament to the growing institutional interest and mainstream adoption. The 24-hour trading volume reached $181.37 billion, indicating a significant increase in trading activities.

According to the Fear and Greed index, the market sentiment has now shifted to “Extreme Greed,” with a score of 78. Phoenix, a crypto analytical platform, shared these market statistics through its official X account.

Bitcoin ($BTC) price trends and market dominance

Bitcoin ($BTC) remained the top cryptocurrency, trading at $91,215 with a market dominance of 58.9%. The institutional demand for Bitcoin was evident as its price continued to rise, reaching new highs.

Moreover, the Decentralized finance Total value Locked reached $176.20B, highlighting the growing demand for DeFi services and its contribution to the overall crypto market performance.

Ethereum ($ETH) price trends and gas fee

Ethereum ($ETH) traded at $3,147, maintaining its second position with a market dominance of 12.4%. The network's gas fee remained low at 9 GWEI, ensuring efficient transaction costs.

This sustained low gas fee throughout the day supported a high volume of transactions on the Ethereum blockchain, which is crucial for decentralized finance (DeFi) and other blockchain applications.

Top crypto market movers and price trends

Among the top-performing cryptocurrencies, $OM led the rally with a 52.12% price increase, followed by $BONK at 34.77% and XLM at 14.47%. These price movements signaled varying investor sentiment across different 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.

Furthermore, $DOGE and $SOL recorded $27.20 million and $21.83 million, respectively, as the market experienced significant price fluctuations.