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$BTC $ETH $APT (Dont forget to follow guys)

Today, October 22, 2024, the cryptocurrency market is seeing some mixed movements. Bitcoin (BTC) is down 2.12%, trading around $67,000, which represents a significant drop from its recent high of $69,500. This $67K level is considered a critical support zone, and traders are watching closely to see if Bitcoin will rebound or continue its downward trend. Ethereum (ETH) has also faced a steep decline, down 3.29% in the last 24 hours, trading at around $2,641. Despite this, ETH has maintained a slight gain over the past week.

Other major cryptocurrencies like Solana (SOL) and Polkadot (DOT) have seen smaller declines of 1.31% and 3.08%, respectively. Solana, despite today's dip, has been one of the stronger performers this week with a 7.01% rise, driven by its strong presence in blockchain development.

In contrast, some altcoins like Aptos (APT) have shown impressive gains, with APT up 8.38% in the last 24 hours, signaling investor confidence in its innovative blockchain technology. Meanwhile, Meowcoin and Axelar have also posted gains of 6.87% and 5.91%, respectively.

Market conditions are influenced by broader economic factors. Global central banks' policies, such as the U.S. Federal Reserve’s recent rate cuts and China’s monetary stimulus, have provided a favorable macroeconomic backdrop, which initially boosted crypto markets earlier in October. However, the market now faces uncertainty as traders monitor upcoming economic reports and central bank actions closely.

Overall, while some altcoins are performing well, the market remains cautious with major tokens like Bitcoin and Ethereum under pressure