There is activity in the cryptocurrency market on October 23. Bitcoin (BTC) 
$66,895 Ethereum (ETH) remains stable around $66,000 
$2,622Major cryptocurrencies such as , Solana (SOL) and XRP had difficulty gaining value. However, smaller coins such as POPCAT and BEAM have defied this situation and made significant gains.
Market Overview
Global crypto market value decreased by 0.95% to $2.31 trillion. Total market volume fell by 17% to $70.75 billion. This decline is causing concern among investors.
Leading Cryptocurrencies
Bitcoin remained at $66,960, while Ethereum traded at $2,607. While Solana hovered around $165, XRP remained stable at $0.531. The fluctuations in the prices of these cryptocurrencies were in line with the general market trend.
Today’s Winners and Losers
BEAM and POPCAT stood out among the biggest winners of the day. BEAM gained over 6% in value, while POPCAT showed a similar increase. On the other hand, cryptocurrencies such as ApeCoin, dYdX and Mog Coin suffered serious losses.
Status of Memcoins
dogecoin 
$0.14248 Memecoins such as (DOGE) and Shiba Inu (SHIB) also experienced declines. DOGE lost 4% and SHIB lost 2%. Other popular meme coins Pepe Coin, dogwifhat and Bonk also showed a downward trend.
Prominent Movements in the Market
Bitcoin’s market dominance increased by 0.16% to 57.30%. However, there was an outflow of $79.09 million from spot Bitcoin ETFs, which put pressure on BTC. On the other hand, Bitcoin activity of large investors was in the focus of the market.
On the Ethereum side, there was an inflow of $11.94 million into spot Ethereum ETFs. This showed that ETH found support in difficult market conditions. Solana, on the other hand, is struggling with strong selling pressure.
Finally, it was observed that Bitcoin and Ethereum showed short-term recovery signals on the hourly charts. However, the general downward trend continues. This indicates that the market continues its volatile course and may present short-term opportunities.
Uncertainties continue in the cryptocurrency market. Therefore, it is important for investors to follow market developments carefully.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
