The crypto market today is trading in the red, with the total valuation dropping by 0.97% to $3.33 trillion. Despite this, market activity has surged, with 24-hour trading volume taking a 33.54% leap to $131.69 billion. The Fear & Greed Index stands at a neutral 53, reflecting marketers awaiting a clear direction.
A key driver of caution is the ongoing FOMC meeting, where no immediate rate cuts are expected, but investors are carefully watching for signals on future policy shifts. Meanwhile, U.S. equities are slightly outperforming, with NASDAQ up 1.52%, S&P 500 rising 0.94%, and the Dow Futures gaining 0.75%. However, Trump’s early exit could have hampered DJT’s numbers, which is down more than 4%.
Talking about market share, the Bitcoin dominance has inched up to 63.9%, while Ethereum lags at 9.4%, and the Altcoin Season Index remains subdued at 23/100, highlighting a lack of momentum outside the major caps.
According to CoinGlass, in the past 24 hours, 106,815 traders were liquidated across exchanges, with total losses tallying to $363.46 million. The largest single liquidation order was a $3.32 million SOLUSDT trade on Binance. This wave of forced closures reflects the vulnerability of leveraged traders in volatile markets, especially amid unclear macroeconomic signals.
Bitcoin is currently priced at $106,170.88, down 0.92% over the past day, with a market cap of $2.1 trillion and 24-hour trading volume spiking by 24.40% to $53.09 billion. Ethereum follows with a drop of 2.67%, now trading at $2,550.01. Solana and XRP have mirrored this weakness, both slipping by 3.61%, with Solana priced at $150.68 and XRP also at $150.68 at press time.
Read our Bitcoin (BTC) Price Prediction 2025, 2026-2030!
Also read our Ethereum (ETH) Price Prediction 2025, 2026-2030!
The market is reacting to macroeconomic uncertainty around the FOMC meeting, a shift in investor capital to outperforming equities, and a sharp rise in liquidations.
A total of $363.46 million was liquidated, impacting 106,815 traders, with the largest single liquidation order valued at $3.32 million on Binance.
Top gainers include Pendle, Bitcoin Cash, and Monero, while SPX6900, ImmutableX, and ZCash led the declines.
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