Cryptocurrency Market Today: The cryptocurrency industry has experienced a sharp decline following the Israel-Iran war and the U.S. stock market taking a hit. As a result, the total market cap dropped by 4.8% to $2.15 Trillion. Amidst the turmoil, investor sentiment has shifted toward fear, which is evident from the fear and greed index which has dropped to 39.
Bitcoin price saw a sizable drop of 4.17% in the past 24 hours, trading at $61,256.08. This slide is accompanied by a rise in trading volumes, surging 53.45%, showing a heightened level of activity as investors react to the price drop. With this pace, analysts are speculating on whether BTC can regain its strength or fall further to the $53k level if market sentiment continues to slide.
Curious about BTC’s future price targets? Our Bitcoin Price Prediction answers that and much more!
The largest altcoin, Ethereum wasn’t spared, dropping 7.02% to $2,452.77. Ethereum’s market cap is now under pressure to maintain support above $2,400. Solana also suffered the brunt, dropping 7.06% to $145.99. XRP followed suit with a 6.68% decline, now priced at $0.5907.
Curious about the long-term price targets of ETH? Read our Ethereum Price Prediction
Top Gainers:
Amid the broader market losses, Wormhole (WORM) stands out as the day’s top gainer, jumping 22.13% to $0.3808. Mantra (OM) managed a modest increase of 1.94%, trading at $1.28, while Conflux (CFX) rose 0.83% to $0.1856.
Top Losers:
On the downside, Beam (BEAM) dropped 17.73% to $0.01705, making it the top loser for the day. Arweave (AR) followed closely, shedding 16.94% to $19.23. Starknet (STRK) also faced a sharp decline, down 16.37%, now priced at $0.3899.
Stay tuned for more updates as the market volatility continues to shape the crypto landscape.
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