

APT Leads the Crypto Market with 19.60% Surge, Bitcoin Faces $12.65 Million in Liquidations Amid Volatile Market
As of October 13, 2024, the cryptocurrency market has experienced notable fluctuations, with certain assets seeing significant price bounces while others faced substantial liquidations.
The cryptocurrency market experienced significant fluctuations on October 13, 2024, with certain assets enjoying substantial price bounces while others faced large-scale liquidations, as reported by Phoenix, a leading crypto analytics platform. These contrasting movements highlight the ongoing volatility in the market.
Here's a daily summary of the key market movements:
$APT Leads the Crypto Market with 19.60% Surge
The $APT token emerged as the market's leading gainer, registering an impressive increase of 19.60%. This sharp rebound drew attention as it confirmed investors' regaining confidence in the asset.
Moreover, $TIA rose by a substantial 12.15%, indicating strong buying interest. A bullish run was also observed in $SUI, which had risen by 10.67% for the day, continuing its upward trend from the previous days.
Among other significant bounces were $SEI with 8.57% and $BRETT with 5.88%. These bounces highlighted the positive market sentiment toward these tokens despite the overall volatility.
Bitcoin Faces $12.65 Million in Liquidations Amid Volatile Market
In contrast to the price hikes, the market also witnessed high levels of liquidation, particularly for large capital investments. Bitcoin ($BTC) had the highest liquidation rates, with $12.65 million of positions being closed.
This aggressive liquidation brought attention to the volatility of Bitcoin and its impact on leveraged traders. Notably, there was significant selling pressure in Ethereum ($ETH) as well, as it posted $9.02 million in liquidations.
Despite SUI's recent rebound, it faced $6.38 million in liquidations, and even the $NEIRO token encountered substantial selling, with $4.22 million of positions being closed.
At the same time, $TURBO experienced $2.92 million in liquidations, indicating that smaller market participants are also starting to experience the heat of the current market.
These liquidations, as Phoenix pointed out, demonstrate the risks associated with excessive leverage in cryptocurrency trading, as rapid price shifts can trigger forced sales.
Investors and traders should pay close attention to such factors, both positive and negative, to navigate the volatile cryptocurrency market effectively.
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Domestic user adaptation solutions include compliance channels and localization tools. 1. Compliance channels: Franchise currency exchange through OTC platforms such as Circle Trade, domestically, they need to go through Hong Kong or overseas platforms. 2. Localization tools: Use the currency circle network to obtain Chinese information, and Huobi Global Station provides a meta-universe trading terminal.

Binance is suitable for high-frequency traders and institutional investors, OKX is suitable for derivatives traders and users with high privacy needs, Gate.io is suitable for local American investors and institutional investors; CoinGecko is suitable for long-term investors and novices, CoinMarketCap is suitable for quantitative traders and institutional investors, TradingView is suitable for technical analysis enthusiasts and high-frequency traders; XBIT and Genesis Trading are suitable for high privacy needs and institutional investors; CryptoCompare is suitable for miners and investors, and Delta is suitable for individual investors and novices.

The well-known free currency circle market websites in 2023 include: 1. Binance: Provides trading services and market data. 2. CoinMarketCap: Real-time price and market capitalization data. 3. okx: cryptocurrency news and analysis. 4. GitHub: project source code and technical files. 5. Medium: Industry experts analyze and communicate. 6. CryptoCompare: Price comparison and investment tool. 7. CoinGecko: Comprehensive data and community analysis. 8. Reddit: Social media discussion and information sharing.

Cryptocurrency price fluctuations are mainly driven by the following factors: 1. Market manipulation and capital game, such as pulling up shipments, giant whale trading and exchange pins. 2. Good news and narrative drive, including technological breakthroughs, policy progress and practical application implementation. 3. Institutional entry and capital flows, traditional financial institutions’ layout, macroeconomic hedging and cross-chain integration drive price increases. 4. Technical analysis and algorithmic trading, key resistance levels breakouts, on-chain data signals and AI-driven strategies affect price trends. 5. Market sentiment and FOMO effects, social media hype, community consensus and panic buying lead to price fluctuations.

Beginner software suitable for beginners of virtual currency include: 1. Trading platform categories: Binance, Ouyi OKX, Huobi (HTX), gate.io; 2. Information platform categories: CoinMarketCap, CoinGecko, TradingView; 3. Educational resources categories: Coinbase Learn, Binance Academy. These software can help novices trade, obtain information and learn knowledge.

Recommended mobile applications for purchasing digital currency include: 1. Binance APP, suitable for novices and professional traders, with low transaction fees and support for multiple cryptocurrencies; 2. Ouyi OKX APP, supports multi-language, provides Web3 wallets and financial projects; 3. Gate.io APP, provides market trends and price reminders; 4. Coinbase Pro APP, provides simple trading experience and rich functions; 5. Bybit APP, supports Web3 ecosystem and zero-fee pledge; 6. Bitfinex APP, provides simple version interface and social interaction functions; 7. Huobi APP, supports multiple transactions and real-time price viewing; 8. K

The core advantage of gate.io (global version) is that the interface is minimalist, supports Chinese, and the fiat currency trading process is intuitive; Binance (simplified version) has the highest global trading volume, and the simple version model only retains spot trading; OKX (Hong Kong version) has the simple version of the interface is simple, supports Cantonese/Mandarin, and has a low threshold for derivative trading; Huobi Global Station (Hong Kong version) has the core advantage of being an old exchange, launches a meta-universe trading terminal; KuCoin (Chinese Community Edition) has the core advantage of supporting 800 currencies, and the interface adopts WeChat interaction; Kraken (Hong Kong version) has the core advantage of being an old American exchange, holding a Hong Kong SVF license, and the interface is simple; HashKey Exchange (Hong Kong licensed) has the core advantage of being a well-known licensed exchange in Hong Kong, supporting France

Binance: The world's leading blockchain digital asset trading platform, with assets of US$16.59 billion, 1,463 trading pairs, and a 24-hour turnover of US$103.455 billion. Gate.io: Provides a variety of asset and trading options, including spot, futures and leveraged trading, to meet the needs of different investors. OKX: Founded in 2017, headquartered in Malta with assets of US$9.835 billion, it offers a wide range of trading products including spot, futures, options and perpetual contracts. Huobi: Huobi Group's innovative digital asset international station serving global professional trading users, headquartered in Singapore with assets of US$8.305 billion. Coinbase: Founded in 2012

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