Cryptocurrency News Today: The crypto market seems to be running out of the bullish steam, as the market cap takes a 0.97% dip to $2.19T. This, however, has not affected the fear and greed index, which is at a neutral score of 50. Talking about cryptocurrency prices, Bitcoin has been sustaining the $63k mark, and ETH has its $2.5k mark.
The BTC price is currently at $63,004.14 with a negative intraday change of 1.24%. The trading volumes over the previous day too have taken a setback by ~30%. The recent drop could be related to the MVRV ratio testing the 90-day moving average, which has historically been a negative sign. A closure above would call the bulls again.
Interested in BTC price targets? Our Bitcoin Price Prediction answers that and much more!
Ethereum is currently holding onto its $2.5 level firm, at the time of press it is changing hands at $2,549.90 with a change of -0.06%. Solana and XRP prices saw a dip of 1.05% and 0.74% taking their price tags to $146.96 and $0.5827.
For long-term price targets of ETH, read our Ethereum Price Prediction
Top Crypto Gainers Today:
Top Crypto Losers Today:
In conclusion, a stagnation phase can be expected over the weekend. However, we do have a piece of positive news coming, as MicroStrategy plans to raise $1 Billion to stack more Bitcoin.
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