The cryptocurrency market has taken a step back, with the market cap decreasing by 0.46% to $2.42 trillion over the last 24 hours. Amid the pullback, the trading volume also dipped by 15.93%, taking the numbers to $87.31 billion. However, irrespective of the fall in numbers, investor sentiment remains largely optimistic, with the Bitcoin Fear & Greed Index still sitting in “Greed” at 66.
Bitcoin’s momentum on the charts has slightly cooled off, as it has been trading along the $72,280.59 level after brushing the 24-hour high at $72,905.30. Although the 24-hour trading volume is down by 26.45%, we can expect a quick run to a new ATH soon. As the investor sentiment continues to lean into “Greed”.
Curious about Bitcoin’s outlook? Check out our Bitcoin Price Prediction for insights into BTC’s trajectory.
Ethereum has shown a mediocre uptrend, surging 0.19% to $2,647.28. In contrast, Solana faced a rather challenging day, dropping by 2.56% to $175.32. XRP also experienced a minor drop in prices by 0.78% to $0.5202. The lack of stability further highlights mixed sentiment in the altcoin market.
Explore our Ethereum Price Prediction to see if ETH could hit new highs.
Numerous altcoins saw a noteworthy run on their daily charts. Maker led the top 100 gainers with an 8.52% price pump to $1,252.38, Pyth Network and Chainlink followed next with 3.96% and 3.10% gains. On the losing end, Celesta faced the hardest brunt, dropping 9.27% to $4.66, with Ethena and Stacks also in the red, down 7.29% and 6.51%.
As the market awaits further developments, Bitcoin’s positioning near its peak price and the persistent “Greed” sentiment reflects an optimistic view from investors. The mixed altcoin performance, alongside notable movements among smaller coins, hints at an intriguing market setup moving into November.
Subscribe to us, to stay updated on these trends to see how shifts in the Fear & Greed Index may affect upcoming market movements!
Something strange just happened in the Bitcoin world this week as nearly 80,000 Bitcoin, mined…
In a cyber heist on June 30, hackers stole approximately $140 million (R$800 million) by breaching…
The crypto market today has experienced a broad-based downturn today, with the total industry market…
Bitcoin may seem bullish right now, but a leading crypto analyst has issued a shocking…
The Turkish Capital Markets Board (CMB) has blocked 46 websites, including the popular decentralized exchange…
Pi Network’s native token is undergoing a turbulent phase. Currently trading at $0.4710, the coin…
