The crypto market today has experienced a slight pullback today, with the global market cap bogging down by 1.26% to $3.13 trillion. Despite this drop, trading volume surged by 20.99% to $110.17 billion, indicating fueling activity as investors react to the market shift. In between the hustle & bustle, the Fear & Greed Index dropped to 37, suggesting growing caution among traders.
Bitcoin Holds Ground Amid Market Uncertainty
Bitcoin price saw a minor dip of 0.22% in the past 24 hours, settling at $95,260.65. Despite the fall, BTC remains resilient above the crucial $95k support level. With a market cap of $1.88 trillion and a 50.06% jump in intraday trading volume to $39.87 billion, Bitcoin’s dominance in the market has risen to 60.25%. This further, highlights that traders are still relying on BTC as a safe haven amid market volatility.
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Altcoins Show Mixed Performance
Ethereum managed to defy the broader market trend, climbing 1.20% in the past 24 hours to $2,690.93. However, Solana and XRP faced downward pressure, with SOL slipping 0.57% to $167.28 and XRP dropping 1.76% to $2.53. The mixed sentiment in the altcoin market reflects uncertainty as investors await further catalysts.
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Top Gainers: Berachain and Maker Surge
Berachain was at the forefront, skyrocketing 10.70% to $6.52. Maker came second with a 10.05% gain to $1,182.55, while Litecoin rallied 9.82% to $132.28.
Top Losers: VIRTUAL, HYPE, and FTT Fall
On the losing side, VIRTUAL suffered the biggest loss, plunging 12.24% to $0.9789. HYPE followed with an 11.94% drop to $23.14, while FTT slipped 8.93% to $1.97. The sell-offs indicate profit-taking in recently pumped assets.
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FAQs
Bitcoin is currently priced at $95,260.65.
Berachain, Maker, and Litecoin led the market, with gains of 10.70%, 10.05%, and 9.82%, respectively.
Ethereum saw a 1.20% increase in the past 24 hours, trading at $2,690.93.
