The crypto market today has been showing mixed signals, with a significant decline in the prices of numerous cryptocurrencies. The global crypto market cap is presently down by 1.89% in the past 24 hours, taking the numbers to $3.19 trillion. Amidst the minor slump, investors have been seizing the opportunity to buy some dips, as a result, the intraday trading volumes have increased 6.85% taking the numbers to $224.03 billion. In the above developments, the Fear & Greed Index still alerts an extreme greed score of 80.
Bitcoin price after brushing the local highs, has dropped by 2% since the previous day to $92,479.61. Despite the traceback, BTC has managed to acquire 7.94% more trade volumes worth $91.22B. Ethereum, the largest altcoin slipped by 0.98% on the daily charts, indicating bearish sentiments. Solana and XRP also witnessed sharper declines, dropping by 3.46% and 5.60%, respectively.
For traders tracking Bitcoin’s next move, its 24-hour low of $90,770.82 might act as a crucial level to watch. Explore our Bitcoin Price Prediction for insights into its future trajectory.
Amidst the crypto market’s correction, Fantom has emerged as the top performer among the top 100 with a 9.57% gain. Algorand and Injective followed suit, posting 7.97% and 7.90% gains, respectively.
On the downside, Stellar suffered the steepest drop, plummeting by 12.95%. The Sandbox and Dogwifhat also faced significant losses, declining by 9.70% and 9.31%, respectively.
The crypto market remains volatile, with Bitcoin’s recent dip impacting investor sentiment. Altcoins continue to exhibit diverse trends, with some gaining momentum while others face intense selling pressure.
As the Fear & Greed Index signals extreme greed, market participants should remain cautious of potential corrections. Subscribe to us, to stay tuned for daily updates to keep pace with the ever-evolving crypto market dynamics.
The market is experiencing a mix of profit-taking and increased trading activity, alongside fluctuating investor sentiment marked by extreme greed.
Fantom led gains with a 9.57% rise, followed by Algorand (+7.97%) and Injective (+7.90%).
Yes, extreme greed often precedes market corrections. Monitoring key support and resistance levels is advised.
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