Crypto Market Today (Dec 6th, 2024): Fear & Greed Index Hits Extreme Greed While Cryptos Fall?

The cryptocurrency market has witnessed a dip today, with the market cap falling by 2.23% to $3.6 trillion. Trading volume has also taken a hit, declining 5.86% to $320.02 billion. Despite these setbacks, the Fear & Greed Index remains in the “Extreme Greed” zone at 81, signaling heightened investor enthusiasm.

Bitcoin Loses Ground While Dominance Stays Strong

Bitcoin’s price slipped by 4.51% in the last 24 hours to settle at $98,024.63. Its trading volume also dropped by 5.57%, reaching $120.80 billion. However, Bitcoin’s dominance in the market remains robust at 53.86%, reflecting its central role despite the market’s downturn.

For an in-depth look at Bitcoin’s future, explore our Bitcoin Price Prediction.

Altcoins See Mixed Performance

Ethereum has managed a relatively modest decline of 1.79%, trading at $3,865.76. Solana and XRP faced sharper corrections, falling 2.44% and 6.03%, respectively. These movements highlight varying investor sentiment across major altcoins, suggesting potential opportunities and risks.

Check out our detailed Ethereum Price Prediction.

Top Gainers: BGB Leads the Rally

• BGB: Soared by 30.31% to $2.37, standing out as the day’s top performer.
• Dydx: Climbed 21.79% to $2.25.
• WLD: Increased by 12.80%, reaching $3.87.

Top Losers: IOTA Faces Steep Decline

• IOTA: Dropped 11.43% to $0.438.
• VET: Declined by 10.48%, trading at $0.06485.
• ALGO: Fell 8.15% to $0.4433.

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