On November 3, 2024, the cryptocurrency market experienced notable bounces and significant liquidations across various assets. According to Phoenix, a crypto media outlet, $APE led the charge with an impressive bounce of 8.49%. This rise shows that there is increasing attention and upward trend in this market which means that investors are interested in this particular asset.
$IMX Rises 6.08%, Reflecting Trader Optimism and Closely Following $APE
In second place, $IMX had an increase of 6.08%. This increase is attributed to optimism from the traders and may mean expansion for the token. Another who distinguished himself was $RAY which increased by 5.65% This only added to the overall positive outlook in the market. These bounces indicate that traders are interested in the altcoins and as they search for new opportunities outside the biggest coins.
Other altcoins also posted good results on this day as well $BEAM increased by 3.79% and remains an object of interest for investors. At the same time, $ORDI has a 3.78% improvement, which also shows the upward movement in $ORDI’s performance. These movements indicate that various values in the crypto sphere are attracting the attention of traders in search of new instruments.
$BTC Leads Liquidations with $62.17 Million on November 3
In contrast to such bounces, the liquidation environment was characterized by rather impressive numeration. Bitcoin ($BTC) was by far the most liquidated token on the list with liquidations worth $62.17 million. This figure also shows the current oscillation of the market and represents traders’ response to high-speed fluctuations of prices. Second on the list was Ethereum ($ETH) at $27.21 million, showing the struggles of the second most valuable cryptocurrency.
Additionally, $DOGE was liquidated for $10.11 million, and Solana $SOL for $8.26 million, which shows that many traders are still worried about the price risk of these assets. Finally, $SUI made liquidations worth $4.56 million which is part of the overall liquidations in the market.
Lastly, the fluctuation in the cryptocurrency market can be further seen in the movements of bounces and liquidations on November 3, as reported by Phoenix. While some coins are on an upward trajectory, others are experiencing tremendous dumping. Such an environment means that there are both opportunities and risks for traders in the world of cryptocurrencies.
