The cryptocurrency market has incurred a minor pullback, after a healthy sprint the previous day. As a result, the total market cap of the business is hovering around $3.6 trillion, at the time of publication. Amidst the setback, the trade volumes too have shot down by 5.86%, settling at $203.43 billion. The falling numbers have hammered investor sentiment, which is clearly evident with the Fear & Greed Index now highlighting a “Greed” score of 78, from the previous day’s score of 81.
After a steamy run to its 24-hour peak of $102,524.91, Bitcoin price has dropped to $99,972.22 during press hours. The move was also catalyzed by its trading volumes sinking by 16.04% to $68.47 billion. Contrarily, Bitcoin ETFs made it to the headlines, with notable inflows. BlackRock’s “IBIT” ruled the show, with a $431.6 million inflow, and Grayscale’s “BTC” followed next with $110.8 million. Tallying up, Bitcoin ETFs posted a net inflow of $597.5 million, maintaining a positive 11-day streak.
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Ethereum, the largest altcoin saw a subtle dip of 0.56% in its price to $3,911.47. Solana on the other hand incurred a slip of 2.50%, while XRP saw a steeper 4.17% fall. While the blue-chip altcoins registered reddish numbers, the market did boast top performers.
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Successively, the front runners from the top 100 include VIRTUAL, LDO, and CORE, rising 12.88%, 8.80%, and 6.24%, respectively. On the losing side, MOVE, ALGO, and TAO saw plunges exceeding 9%, highlighting volatility among smaller-cap tokens.
The Fear & Greed Index score is at 78, highlighting “Greed” sentiment in the market.
VIRTUAL topped the list of gainers with a 12.88% increase.
Bitcoin ETFs saw a total inflow of $597.5 million, driven by BlackRock and Grayscale.
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