Today’s cryptocurrency market witnessed a slight dip over the last 24 hours, with the total market capitalization declining by 0.58% to $3.64 trillion. On the other hand, trading volumes rose significantly, up by 5.04% to $163.65 billion, reflecting increased market activity. The Fear & Greed Index remains in the “Extreme Greed” zone at 83, showcasing strong investor confidence and hinting at potential overvaluation risks.
Bitcoin remains the market’s anchor, with its dominance rising to 54.09%. Despite a modest price decline from its 24-hour high of $101,399.99, BTC is currently changing hands at $99,305.68. While its trading volume surged by 33.94%, totaling $53.84 billion.
For a peek into Bitcoin’s future, explore our Bitcoin Price Prediction.
Altcoins presented a mixed picture. Ethereum saw a price decline of 1.09% to $3,926.39, while Solana and XRP fell by 2.41% and 3.41%, respectively. Conversely, select tokens displayed strong resilience and gains.
Check out our detailed Ethereum Price Prediction.
Chainlink (LINK) led the pack among gainers with a 7.66% increase, followed by Beam (BEAM) and Thorchain (RUNE), which rose by 5.17% and 4.56%, respectively. On the losing side, Peanut (PNUT) dropped by 7.96%, HBAR declined by 5.48%, and ONDO saw a 5.04% dip.
The surge in trading activity, particularly for Bitcoin, suggests a robust interest in the cryptocurrency space, driven by high market sentiment. However, with the Fear & Greed Index remaining elevated, market participants should brace for possible corrections or pullbacks.
Stay informed by following our updates to navigate this dynamic market effectively.
The Fear & Greed Index is at 83, indicating “Extreme Greed.”
Chainlink (LINK) outperformed with a gain of 7.66% in the last 24 hours.
Bitcoin’s dominance has risen to 54.09%, reflecting its strong market position.
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