The cryptocurrency market recorded a nominal decline, with the global market cap slipping by 1% to $3.28 trillion in the past 24 hours. Despite this dip, trading volume surged by an impressive 18.95%, hitting $83.93 billion. That being said, the market sentiment remains balanced, with the Fear & Greed Index at 47, as investors weigh the mixed trends.
Bitcoin experienced a modest decline of 0.27%, priced at $94,220.09. Its market cap remains dominant at $1.86 trillion, though it too fell slightly by 0.30%. However, trading activity around BTC surged significantly, with a 24-hour volume increase of 59.94% to $27.84 billion. While the slight downturn reflects caution among investors, Bitcoin’s resilience amidst broader market fluctuations showcases its stronghold.
For a detailed analysis of Bitcoin’s potential trajectory, read our Bitcoin Price Prediction.
Ethereum dipped by 1.43% to $3,229.83, reflecting a cautious sentiment among altcoin investors. Solana and XRP also saw minor dips of 1.21% and 0.88%, respectively. This mixed performance highlights the volatility within the altcoin space, leaving traders searching for signs of a clear directional trend.
Discover detailed insights into Ethereum’s outlook with our Ethereum Price Prediction.
Leading the gainers, KuCoin Token rose by 3.91% to $11.28, followed by Raydium (+1.93%) and Hyperliquid (+1.62%). Conversely, VIRTUAL suffered a sharp decline of 11.82%, trading at $2.59. Other notable losers include ENA (-8.49%) and Ondo (-7.95%), reflecting mixed sentiment across mid-cap tokens.
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Bitcoin (BTC) is currently priced at $94,220.09.
KuCoin Token, Raydium, and Hyperliquid lead the gains with increases of 3.91%, 1.93%, and 1.62%, respectively.
The Fear & Greed Index is neutral at 47, indicating a balanced sentiment among investors.
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