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  • Shrishesh Tanksalkar
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    Crypto Market Today (Dec 6th, 2024): Fear & Greed Index Hits Extreme Greed While Cryptos Fall?

    Story Highlights
    • Fear & Greed Index peaks at 81, highlighting extreme greed.

    • Bitcoin (BTC) price dropped by 4.51% to $98,024.63.

    • BGB rises as the top gainer, surging 30.31% to $2.37.

    The cryptocurrency market has witnessed a dip today, with the market cap falling by 2.23% to $3.6 trillion. Trading volume has also taken a hit, declining 5.86% to $320.02 billion. Despite these setbacks, the Fear & Greed Index remains in the โ€œExtreme Greedโ€ zone at 81, signaling heightened investor enthusiasm.

    Bitcoin Loses Ground While Dominance Stays Strong

    Bitcoinโ€™s price slipped by 4.51% in the last 24 hours to settle at $98,024.63. Its trading volume also dropped by 5.57%, reaching $120.80 billion. However, Bitcoinโ€™s dominance in the market remains robust at 53.86%, reflecting its central role despite the marketโ€™s downturn.

    For an in-depth look at Bitcoinโ€™s future, explore our Bitcoin Price Prediction.

    Altcoins See Mixed Performance

    Ethereum has managed a relatively modest decline of 1.79%, trading at $3,865.76. Solana and XRP faced sharper corrections, falling 2.44% and 6.03%, respectively. These movements highlight varying investor sentiment across major altcoins, suggesting potential opportunities and risks.

    Check out our detailed Ethereum Price Prediction.

    Top Gainers: BGB Leads the Rally

    • BGB: Soared by 30.31% to $2.37, standing out as the dayโ€™s top performer.
    • Dydx: Climbed 21.79% to $2.25.
    • WLD: Increased by 12.80%, reaching $3.87.

    Top Losers: IOTA Faces Steep Decline

    • IOTA: Dropped 11.43% to $0.438.
    • VET: Declined by 10.48%, trading at $0.06485.
    • ALGO: Fell 8.15% to $0.4433.

    FAQs

    How much is the global crypto market cap today?

    The global cryptocurrency market cap is $3.6 trillion, down 2.23% in the past 24 hours.

    Which tokens have gained the most today?

    BGB (+30.31%), Dydx (+21.79%), and WLD (+12.80%) are the top gainers.

    What is the Fear & Greed Index score right now?

    The Fear & Greed Index is at 81, indicating extreme greed.

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