The cryptocurrency market experienced a significant pullback over the past 24 hours, with the global market cap declining by 1.05%, settling at $3.27 trillion. Trading volumes also hit 8.61% to $151.27 billion, as marketers await an update on the U.S. jobs data. Successively, the Fear & Greed Index remains in “Neutral” territory at 43, reflecting a cautious sentiment among investors.
Bitcoin, price saw a negligible dip of 0.31%, trading at $94,106.34. Its market cap now stands at $1.86 trillion, a slight decrease of 0.40%. Despite a drop in trading volume of 4.70%, Bitcoin maintains its dominance, serving as a haven for investors during uncertain market conditions.
For a deeper dive into Bitcoin’s potential price trajectory, explore our Bitcoin Price Prediction.
Altcoins have faced the heat, with Ethereum slipping 1.70% to $3,271.19, Solana dropping 2.13% to $190.74, and XRP declining 2.07% to $2.30. This trend highlights a phase of consolidation as traders navigate mixed market signals.
If you are curious about Ethereum’s future outlook, check out our Ethereum Price Prediction.
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1 Bitcoin is currently priced at $94,106.34.
AI16Z (+6.03%), KAIA (+4.49%), and MOVE (+3.26%) led the market gains.
Ethereum saw a decline of 1.70%, trading at $3,271.19.
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