Market Update October 18

Market updates
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The cryptocurrency market has seen a week of mixed movements, with some major coins experiencing significant gains while others have remained relatively stable.

Bitcoin has continued to maintain its bull run as its price increased by 12.19% over the past week, reaching $68,170.

This surge can be attributed to a combination of positive news, institutional adoption, and strong demand from retail investors.

Ethereum, the second-largest cryptocurrency, has also seen a rise in its price, gaining 9.15% and reaching a price of $2,630.

At the time of writing, the total market capitalization of all cryptocurrencies stands at $2.33 trillion, with a 0.95% increase over the past 24 hours.

Despite this growth, the 24-hour trading volume has seen a slight dip, decreasing by 5.13% to $76.4 billion.

The dominance of Bitcoin and Ethereum has also remained relatively stable at 57.7% and 13.6%, respectively.

The past week has seen some significant price movements in altcoins as well. Binance Coin (BNB), the native token of the Binance exchange, has gained 6.60% and reached a price of $589. Solana (SOL), a decentralized blockchain platform, has also seen a notable increase of 8.50% and reached a price of $34.21.

XRP has seen a modest increase of 2.82%. The meme cryptocurrency Dogecoin (DOGE) has risen by +24.35%.

Other cryptocurrencies such as Tron (TRX) and Toncoin (TON) have also seen modest increases of 0.14% and 0.67%, respectively.

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