📊 Crypto Market Update – Binance Community

Current Prices

Bitcoin (BTC): 99,237 USD (All-time High: 103,967 – 99,237 USD)

Ethereum (ETH): 3,226.54 USD (All-time High: 3,556.04 – 3,226.54 USD)

📌 Key Points

1. The total value of the global crypto market decreased by approximately 6.1% in October, marking the first major "Red October" since 2018.

2. BTC's market dominance is approximately 59.4% and ETH's dominance has slightly decreased to 12.6%.

3. Investments in crypto by hedge funds are increasing — approximately 55% of funds have invested in crypto, but a significant portion is minor (around 2%).

4. The market is currently in a cautious mode, observing the effects of global economic concerns and decreased liquidity.

🎯 Advice for the Community

Keep an eye on major coins like BTC and ETH, as market dominance is leaning towards them.

In a "Risk Off" market, leveraged positions and shorts may be at greater risk.

Diversify your investments; do not rely solely on one coin.

Important news such as central bank policies, regulatory updates, and token unlocks can have an immediate impact on the market.

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#Crypto #Bitcoin #Ethereum #Binance #CryptoNews #MarketUpdate #Altcoins #MarketAnalysis #CryptoCommunity #BTC #ETH #CryptoTips #DeFi #CryptoTrading #BinanceSquare