The cryptocurrency market is steady after recent ups and downs, with the total market cap standing at $3.3 trillion. However, trading activity dipped slightly, with intraday trade volume falling by 1.66% to $124.18 billion. Despite this, market sentiment remains neutral, as indicated by the Fear & Greed Index at 51.
Bitcoin, the largest cryptocurrency, experienced a 2.11% drop in the last 24 hours, settling at $94,290. Interestingly, trading volumes for Bitcoin rose by 5.19% to $48.39 billion, showing increased trading activity during the price drop.
Reports from Farside revealed that Bitcoin ETFs saw significant outflows of $287 million on Friday. Fidelity led the outflows with $208 million, followed by Ark & 21Shares at $112 million, and Bitwise Bitcoin ETF with $36 million.
Altcoins had a mixed day, with Ethereum holding steady at $3,335 after a slight dip, with a market cap is $401 billion. While Ethereum ETFs faced $47.7 million in inflow, Fidelity and BlackRock reported inflows of $27 million and $20 million, respectively.
Perhaps, Solana, XRP, and TON struggled, each recording a decline of around 2% over the past day.
Among the top performers, Bitget Token (BGB) surged by 13.68%, reaching $8.19, after Bitget announced plans for an $800 million token burn. Virtual Protocol and PEPE tokens also saw gains of 10.9% and 4%, respectively.
On the downside, Zcash (ZEC) recorded the largest loss, dropping 10.6% to $61.13. Curve DAO Token and Helium followed with losses of 9.46% and 8.8%.
The crypto market is steady with a total market cap of $3.3 trillion, though trading volumes dipped slightly. Sentiment remains neutral.
Bitcoin faced a drop due to ETF outflows and market adjustments, while altcoins like Solana and XRP saw minor declines amidst mixed market activity.
Bitget Token (BGB) surged by 13.68% after a major token burn announcement, making it a strong contender for today’s investment.
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