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Cardano Cardano (ADA) $0.76 ↓ -5.26%
Hyperliquid Hyperliquid (HYPE) $42.39 ↓ -5.68%
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UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↓ -0.06%
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Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -5.08%
Uniswap Uniswap (UNI) $9.92 ↓ -5.23%
Polkadot Polkadot (DOT) $3.77 ↓ -6.58%
Monero Monero (XMR) $310.15 ↓ -3.06%
Dai Dai (DAI) $1.00 ↑ 0.00%
Bitget Token Bitget Token (BGB) $4.50 ↓ -1.75%
Pepe Pepe (PEPE) $0.00 ↓ -5.62%
Cronos Cronos (CRO) $0.14 ↓ -3.92%
Aave Aave (AAVE) $274.59 ↓ -5.07%
Ethena Ethena (ENA) $0.57 ↓ -6.78%
Bittensor Bittensor (TAO) $367.16 ↓ -8.05%
NEAR Protocol NEAR Protocol (NEAR) $2.63 ↓ -5.71%
Ethereum Classic Ethereum Classic (ETC) $21.12 ↓ -5.48%
Pi Pi (PI) $0.41 ↓ -5.37%
Aptos Aptos (APT) $4.43 ↓ -6.14%
Ondo Ondo (ONDO) $0.93 ↓ -5.58%
OKB OKB (OKB) $47.96 ↓ -1.12%
Internet Computer Internet Computer (ICP) $5.28 ↓ -5.91%
Mantle Mantle (MNT) $0.75 ↓ -2.81%
Kaspa Kaspa (KAS) $0.09 ↓ -7.69%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -6.81%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.22 ↓ -6.68%
Bonk Bonk (BONK) $0.00 ↓ -14.55%
Algorand Algorand (ALGO) $0.25 ↓ -6.08%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.08%
GateToken GateToken (GT) $17.24 ↓ -2.65%
Arbitrum Arbitrum (ARB) $0.41 ↓ -6.85%
VeChain VeChain (VET) $0.02 ↓ -4.92%
Render Render (RENDER) $3.76 ↓ -7.79%
Worldcoin Worldcoin (WLD) $1.04 ↓ -7.36%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.22 ↓ -4.61%
Sky Sky (SKY) $0.08 ↓ -3.13%
SPX6900 SPX6900 (SPX) $1.90 ↓ -13.09%
Sei Sei (SEI) $0.30 ↓ -8.86%
Cosmos Cosmos (ATOM) $4.43 ↓ -5.67%
Story Story (IP) $5.74 ↑ 1.02%
Filecoin Filecoin (FIL) $2.48 ↓ -6.08%
Flare Flare (FLR) $0.02 ↓ -5.22%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.68 ↓ -6.93%
XDC Network XDC Network (XDC) $0.10 ↑ 4.04%
Jupiter Jupiter (JUP) $0.52 ↓ -8.00%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.02%
KuCoin Token KuCoin Token (KCS) $11.31 ↓ -2.08%
Four Four (FORM) $3.76 ↑ 12.05%
Quant Quant (QNT) $116.90 ↓ -6.25%
Injective Injective (INJ) $13.64 ↓ -7.84%
Stacks Stacks (STX) $0.75 ↓ -6.19%
Curve DAO Token Curve DAO Token (CRV) $0.96 ↓ -5.22%
Celestia Celestia (TIA) $1.75 ↓ -12.53%
Optimism Optimism (OP) $0.69 ↓ -10.22%
Fartcoin Fartcoin (FARTCOIN) $1.06 ↓ -7.79%
FLOKI FLOKI (FLOKI) $0.00 ↓ -10.76%
Ethereum Name Service Ethereum Name Service (ENS) $27.81 ↓ -4.00%
Immutable Immutable (IMX) $0.54 ↓ -8.43%
Conflux Conflux (CFX) $0.20 ↓ -26.82%
The Graph The Graph (GRT) $0.10 ↓ -6.50%
PancakeSwap PancakeSwap (CAKE) $2.76 ↓ -7.64%
Kaia Kaia (KAIA) $0.16 ↓ -3.77%
PAX Gold PAX Gold (PAXG) $3,326.34 ↓ -0.11%
dogwifhat dogwifhat (WIF) $0.94 ↓ -10.13%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.01%
Lido DAO Lido DAO (LDO) $1.00 ↓ -7.42%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 5.81%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.33 ↓ -9.07%
Tezos Tezos (XTZ) $0.82 ↓ -5.70%
Nexo Nexo (NEXO) $1.31 ↑ 0.57%
Sonic Sonic (S) $0.29 ↓ -7.56%
Vaulta Vaulta (A) $0.53 ↓ -3.54%
Tether Gold Tether Gold (XAUt) $3,324.43 ↑ 0.06%
Theta Network Theta Network (THETA) $0.82 ↓ -6.64%
Raydium Raydium (RAY) $2.88 ↓ -8.03%
IOTA IOTA (IOTA) $0.20 ↓ -5.68%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -9.67%
The Sandbox The Sandbox (SAND) $0.28 ↓ -6.34%
Gala Gala (GALA) $0.02 ↓ -7.60%
Pendle Pendle (PENDLE) $4.26 ↓ -4.61%
BitTorrent [New] BitTorrent [New] (BTT) $0.00 ↓ -1.96%
Aerodrome Finance Aerodrome Finance (AERO) $0.80 ↓ -5.11%
Pyth Network Pyth Network (PYTH) $0.12 ↓ -8.99%
Bitcoin Bitcoin (BTC) $117,751.51 ↓ -0.94%
Ethereum Ethereum (ETH) $3,777.16 ↓ -1.93%
XRP XRP (XRP) $3.07 ↓ -2.97%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.00%
BNB BNB (BNB) $783.92 ↓ -4.91%
Solana Solana (SOL) $177.40 ↓ -3.61%
USDC USDC (USDC) $1.00 ↑ 0.01%
Dogecoin Dogecoin (DOGE) $0.22 ↓ -5.79%
TRON TRON (TRX) $0.33 ↓ -4.73%
Cardano Cardano (ADA) $0.76 ↓ -5.26%
Hyperliquid Hyperliquid (HYPE) $42.39 ↓ -5.68%
Sui Sui (SUI) $3.72 ↓ -4.59%
Stellar Stellar (XLM) $0.41 ↓ -5.09%
Chainlink Chainlink (LINK) $17.37 ↓ -4.87%
Bitcoin Cash Bitcoin Cash (BCH) $563.09 ↓ -0.88%
Hedera Hedera (HBAR) $0.25 ↓ -7.29%
Avalanche Avalanche (AVAX) $23.28 ↓ -6.71%
UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↓ -0.06%
Litecoin Litecoin (LTC) $108.39 ↓ -1.52%
Toncoin Toncoin (TON) $3.38 ↑ 3.24%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ 0.00%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -5.08%
Uniswap Uniswap (UNI) $9.92 ↓ -5.23%
Polkadot Polkadot (DOT) $3.77 ↓ -6.58%
Monero Monero (XMR) $310.15 ↓ -3.06%
Dai Dai (DAI) $1.00 ↑ 0.00%
Bitget Token Bitget Token (BGB) $4.50 ↓ -1.75%
Pepe Pepe (PEPE) $0.00 ↓ -5.62%
Cronos Cronos (CRO) $0.14 ↓ -3.92%
Aave Aave (AAVE) $274.59 ↓ -5.07%
Ethena Ethena (ENA) $0.57 ↓ -6.78%
Bittensor Bittensor (TAO) $367.16 ↓ -8.05%
NEAR Protocol NEAR Protocol (NEAR) $2.63 ↓ -5.71%
Ethereum Classic Ethereum Classic (ETC) $21.12 ↓ -5.48%
Pi Pi (PI) $0.41 ↓ -5.37%
Aptos Aptos (APT) $4.43 ↓ -6.14%
Ondo Ondo (ONDO) $0.93 ↓ -5.58%
OKB OKB (OKB) $47.96 ↓ -1.12%
Internet Computer Internet Computer (ICP) $5.28 ↓ -5.91%
Mantle Mantle (MNT) $0.75 ↓ -2.81%
Kaspa Kaspa (KAS) $0.09 ↓ -7.69%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -6.81%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.22 ↓ -6.68%
Bonk Bonk (BONK) $0.00 ↓ -14.55%
Algorand Algorand (ALGO) $0.25 ↓ -6.08%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.08%
GateToken GateToken (GT) $17.24 ↓ -2.65%
Arbitrum Arbitrum (ARB) $0.41 ↓ -6.85%
VeChain VeChain (VET) $0.02 ↓ -4.92%
Render Render (RENDER) $3.76 ↓ -7.79%
Worldcoin Worldcoin (WLD) $1.04 ↓ -7.36%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.22 ↓ -4.61%
Sky Sky (SKY) $0.08 ↓ -3.13%
SPX6900 SPX6900 (SPX) $1.90 ↓ -13.09%
Sei Sei (SEI) $0.30 ↓ -8.86%
Cosmos Cosmos (ATOM) $4.43 ↓ -5.67%
Story Story (IP) $5.74 ↑ 1.02%
Filecoin Filecoin (FIL) $2.48 ↓ -6.08%
Flare Flare (FLR) $0.02 ↓ -5.22%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.68 ↓ -6.93%
XDC Network XDC Network (XDC) $0.10 ↑ 4.04%
Jupiter Jupiter (JUP) $0.52 ↓ -8.00%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.02%
KuCoin Token KuCoin Token (KCS) $11.31 ↓ -2.08%
Four Four (FORM) $3.76 ↑ 12.05%
Quant Quant (QNT) $116.90 ↓ -6.25%
Injective Injective (INJ) $13.64 ↓ -7.84%
Stacks Stacks (STX) $0.75 ↓ -6.19%
Curve DAO Token Curve DAO Token (CRV) $0.96 ↓ -5.22%
Celestia Celestia (TIA) $1.75 ↓ -12.53%
Optimism Optimism (OP) $0.69 ↓ -10.22%
Fartcoin Fartcoin (FARTCOIN) $1.06 ↓ -7.79%
FLOKI FLOKI (FLOKI) $0.00 ↓ -10.76%
Ethereum Name Service Ethereum Name Service (ENS) $27.81 ↓ -4.00%
Immutable Immutable (IMX) $0.54 ↓ -8.43%
Conflux Conflux (CFX) $0.20 ↓ -26.82%
The Graph The Graph (GRT) $0.10 ↓ -6.50%
PancakeSwap PancakeSwap (CAKE) $2.76 ↓ -7.64%
Kaia Kaia (KAIA) $0.16 ↓ -3.77%
PAX Gold PAX Gold (PAXG) $3,326.34 ↓ -0.11%
dogwifhat dogwifhat (WIF) $0.94 ↓ -10.13%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.01%
Lido DAO Lido DAO (LDO) $1.00 ↓ -7.42%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 5.81%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.33 ↓ -9.07%
Tezos Tezos (XTZ) $0.82 ↓ -5.70%
Nexo Nexo (NEXO) $1.31 ↑ 0.57%
Sonic Sonic (S) $0.29 ↓ -7.56%
Vaulta Vaulta (A) $0.53 ↓ -3.54%
Tether Gold Tether Gold (XAUt) $3,324.43 ↑ 0.06%
Theta Network Theta Network (THETA) $0.82 ↓ -6.64%
Raydium Raydium (RAY) $2.88 ↓ -8.03%
IOTA IOTA (IOTA) $0.20 ↓ -5.68%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -9.67%
The Sandbox The Sandbox (SAND) $0.28 ↓ -6.34%
Gala Gala (GALA) $0.02 ↓ -7.60%
Pendle Pendle (PENDLE) $4.26 ↓ -4.61%
BitTorrent [New] BitTorrent [New] (BTT) $0.00 ↓ -1.96%
Aerodrome Finance Aerodrome Finance (AERO) $0.80 ↓ -5.11%
Pyth Network Pyth Network (PYTH) $0.12 ↓ -8.99%
Home Cryptocurrency

Crypto Market Shaken by Bitcoin’s Drop, But a New Meme Coin Sees Parabolic Rally!

Gezim Osmani by Gezim Osmani
22 October 2024
in Cryptocurrency, News
Reading Time: 2 mins read
0
cryptocurrency market focusing on Bitcoin is drop and Simon is Cat token is meteoric rise. The image should include t

As Bitcoin approached $70,000 over the weekend, its unexpected drop and widespread liquidations left investors stunned. Meanwhile, the meteoric rise of Simon’s Cat token (CAT) and the critical resistance levels forecasted by analysts for the coming week have sparked interest in the crypto world.

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Table of Contents

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    • YOU MAY BE INTERESTED
    • 7 Best Cryptos to Watch in 2025 – Strategic Picks With Rising Volume and Growing Whale Interest
    • Kraken Eyes $15B Valuation Ahead of 2026 IPO: $500M Raise Underway
  • Bitcoin’s Fall and Market Impact
  • Simon’s Cat Token Rallies Against the Tide
  • What’s Next for the Crypto Market?

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Bitcoin’s Fall and Market Impact

Over the weekend, Bitcoin neared the highly anticipated $70,000 mark but failed to maintain momentum, starting the day with a 2.2% drop, settling around $67,000. This decline rippled through the market, affecting leading cryptocurrencies like Ethereum (ETH), Toncoin (TON), and Cardano (ADA). With over $165 million in long positions liquidated, the market volatility highlights the significant leverage used by investors, raising concerns about further instability.

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The CoinDesk 20 Index (CD20), which tracks the most liquid tokens with the highest market capitalization, also dropped by 2.1%. As noted in previous reports by Turkish NY Radio, increased leverage usage over the weekend is often a precursor to heightened market fluctuations.

Simon’s Cat Token Rallies Against the Tide

While major cryptocurrencies faced a decline, Simon’s Cat token (CAT) soared after being listed for futures trading on the prominent exchange Binance. CAT surged by 63%, making it one of the biggest gainers in the market. Its trading volume skyrocketed from approximately $80 million to over $422 million within 24 hours.chart 14

Simon’s Cat is officially tied to the popular Simon’s Cat brand and is backed by media giant Banijay, which generated $5.8 billion in revenue last year. Launched in August by Floki and trading firm DWF Labs, CAT has quickly gained attention in the meme coin space.

What’s Next for the Crypto Market?

Many analysts are cautioning investors that without a solid catalyst, crypto markets could remain sideways in the coming week. According to QCP Capital, a Singapore-based firm, Bitcoin (BTC) and Ethereum (ETH) have failed to surpass their July highs but are nearing resistance levels at $70,000 and $2,800, respectively. The firm predicts that these levels could attract significant interest from retail investors if broken, but in the absence of a strong trigger, the market may continue to fluctuate around these points.the cryptocurrency market is contrasting movements featuring only the Bitcoin logo with a red downward arrow and the Simo

In addition, the PMI data to be released on Thursday (October 24) could offer insights into whether the Fed is on track for a rate cut, providing some reassurance to market participants. For now, the future of the crypto market remains uncertain, with key resistance levels playing a crucial role in determining whether major crypto assets break out of their consolidation phase.

As investors keep a close eye on the developments, it’s clear that this week could be pivotal for both Bitcoin and the broader market. Stay tuned to Turkish NY Radio for the latest updates on this evolving story.

Tags: bitcoincrypto marketethereummeme coinSimon’s Cat token
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Gezim Osmani

Gezim Osmani

Senior Journalist, Content editor Hi there! My name is Gezim, and I'm a Senior Journalist covering crypto and fintech. I have a passion for technology and finance, and I've spent years following the latest trends in the industry. My goal is to make complex financial concepts accessible to my readers. I strive to provide insightful analysis and explain the latest developments in the world of crypto and fintech in a way that is easy to understand. I believe that knowledge is power, and I want to empower my readers to make informed decisions about their finances. In addition to my professional pursuits, I also love to take photos. I find that photography allows me to capture moments and emotions in a way that words cannot. Whether I'm traveling to a new city or exploring the great outdoors, I always have my camera with me. Photography is a way for me to express my creativity and connect with the world around me. When I'm not working or taking photos, I also enjoy hiking and spending time in nature. There's something about being outside and surrounded by natural beauty that brings me peace and clarity. I also love to read, and I'm always seeking out new books and articles to expand my knowledge. Overall, I'm driven by a desire to help people understand the complex world of finance and technology. Through my writing, photography, and other pursuits, I'm committed to creating content that inspires and informs my readers. I believe that everyone has the potential to achieve financial success, and I'm here to help them along the way. I would love to connect and see how we can work together to shape the future of crypto anf fintech. Let's connect and see where our shared interests and expertise can take us!

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