The crypto market today has been looming because of the U.S. Consumer Price Index (CPI) inflation data, which could shape the market in the short term. This has resulted in the Fear & Greed Index standing at a neutral score of 51, highlighting marketers awaiting confirmation. Talking about the numbers, the market cap has grown by 1.87% over the day to reach $3.37 trillion. Contrarily, the business volumes sunk significantly by 26.43%, settling at $127.16 billion.
Bitcoin has been building up its momentum despite the market being in mist. In the past 24 hours, it has registered a gain of 1.90% to claim a price tag of $96,946.80. Successively, its market cap has spiked by 1.95% to $1.92 trillion. However, the volume of traders took a shot of 23.76% to $55.16 billion, hinting at the possibility of a pullback owing to an oncoming inflation report.
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Ethereum price on the daily charts rose 1.89% to $3,227.81, strengthening its position as the leading altcoin. Solana too followed the footsteps by surging 1.85%, to reach $188.89. However, XRP stole the show with an exceptional 11.71% surge, claiming $2.83.
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While the bull chip coins had a meaty run, smaller-cap tokens underwent varied performances. XDC Network appeared as the top gainer, shooting 17.51% to $0.1153. AI16Z and DeXe also registered substantial gains of 16.01% and 14.47%, respectively. In contrast, Fartcoin and Ondo encountered sell-offs, that led to prices dropping by 7.06% and 3.04%, while Sui fell by 1.85%.
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The global cryptocurrency market cap is $3.37 trillion, up 1.87% in the last 24 hours.
XDC Network led the market with a 17.51% surge, followed by AI16Z and DeXe.
The Fear & Greed Index stands at 51, reflecting neutral market sentiment.
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