The cryptocurrency market saw a slight dip in momentum over the past day, with the global market cap declining by 0.72% to $2.42 trillion. Trading activity has also softened, as 24-hour volume shrank by 20.5% to $83.11 billion. Despite this, investor sentiment remains strong, with the Fear & Greed Index showing a reading of 66, reflecting a “Greed” phase that could hint at cautious optimism among market participants.
Bitcoin managed to gain a modest 0.34% in the past 24 hours, bringing its value to $72,526.77. While the trading volume saw a decline of 28.17%, BTC still shows resilience near its 24-hour high of $72,905.30. With the current market sentiment favoring “Greed,” Bitcoin’s position above the $70k mark suggests a continued interest in the digital asset, even as the volume dips signal a quieter trading day.
Will Bitcoin keep pushing past the $72k mark? Check our Bitcoin Price Prediction!
Top altcoin Ethereum’s price has slipped by 1.15% over the previous day to land at $2,644. Ethereum-killer Solana also faced a slight price drop of 0.36% to $176.05. XRP on the other hand, eased by 0.56%, settling at $0.5203. Other altcoins show mixed numbers, as traders closely watch Ethereum’s price trend for potential recovery.
For more insights on ETH’s future performance, don’t miss our Ethereum Price Prediction.
Kaia leads the top 100 gainers today with a 13.27% rise to $0.1413, followed by Mog Coin, up 12.81% to $0.0000002168, and Kaspa, which increased by 7.37% to $0.1152.
On the flip side, Ethena saw the largest decline, dropping by 7.69% to $0.3644. Celestia followed with a 7.65% drop to $4.62, and Aerodrome Finance dipped by 5.36%, landing at $1.20.
As the market maintains a “Greed” sentiment, Bitcoin’s steady ascent and notable altcoin gains hint at a cautious yet optimistic trend. Subscribe to us, to keep an eye on these daily updates for your pulse on the market’s moves!
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