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Deythere > News > News > October 20 Crypto Market Update: Latest Altcoin Movements
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October 20 Crypto Market Update: Latest Altcoin Movements

crypto market update for October 20 with Bitcoin BTC holding above 68000 and altcoins like Dogecoin DOGE and
Alessia Moretti
Last updated: October 20, 2024 10:27 am
By
Alessia Moretti
Published October 20, 2024
2 Min Read
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As the weekend progresses, the leading cryptocurrency, Bitcoin (BTC), continues to hold steady above the $68,000 mark, although trading volumes have decreased significantly. While it’s common for volumes to dip during weekends, the fact that prices have not fallen sharply like in previous weeks is a positive sign. So, what’s the latest in the crypto market?

Contents
  • Bitcoin Market Outlook
  • Altcoin Performance Review

Bitcoin Market Outlook

With just under two weeks until the U.S. Presidential election, crypto investors are eagerly watching the developments. Although some sources, like Reuters, suggest Kamala Harris is leading in the polls, speculative crypto markets show Donald Trump gaining significant ground. The speculative nature of the crypto market makes it an interesting place to compare traditional polling data with predictive market trends.

Despite Harris’s lead in mainstream polls, her relatively neutral stance on cryptocurrencies indicates that either election outcome may not be disastrous for crypto. Investors seem optimistic, as Bitcoin remains stable above $68,000, with the potential to test $73,777 in the coming days.

current state of the crypto market on October 20. The image features Bitcoin BTC prominently holding above 68000

Altcoin Performance Review

The last week has been eventful for altcoins. Dogecoin (DOGE) made a notable comeback, reaching $0.14 after a long time. ApeCoin was another standout, surging nearly 70%, crossing the $1.20 mark after a strong 24-hour performance. Other notable altcoins such as ENA, MEW, and WLD also experienced double-digit gains.

However, today’s trading volumes have dropped by 40%, bringing the total down to $41.6 billion. The overall crypto market cap stands at $2.34 trillion. Some altcoins, such as TAO, POPCAT, and SEI, which posted strong gains earlier, saw losses of 11% to 17% this past week.

If Bitcoin tests its all-time high (ATH) again in the coming days, we could see many altcoins posting double-digit moves. Assets like SHIB and DOGE have shown solid performance, indicating a potential for sustained recovery.

Keep following Dey There for the latest insights and analysis on the crypto market’s developments.

Bitcoin, altcoins, Dogecoin, ApeCoin, market cap

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ByAlessia Moretti
Alessia Moretti is a blockchain and cryptocurrency analyst with 7 years of experience in the field. With a strong foundation in economics and a passion for technology, Alessia has been involved in a variety of international blockchain projects, focusing on the development of decentralized applications and financial products. Her work is characterized by a deep understanding of both the technical and economic aspects of blockchain technology. At DT NEWS, Alessia provides readers with in-depth analysis of global blockchain trends and market movements, helping them stay informed about the future of digital finance.
Previous Article the ongoing Ripple vs. SEC legal battle. The image features the Ripple XRP logo on one side and the SEC logo on the other Ripple vs. SEC: Will This Legal Battle Continue Into 2025?
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