The crypto market has witnessed a significant correction recently, with Bitcoin falling to around $66,700 following strong US economic data that raised expectations of the Federal Reserve adopting a gradual approach to interest rate adjustments by June. More than $500 million was liquidated in the market during this period, including $414 million from long positions and $85 million from short positions.

Watch Out for Major Market Trends

The current Fear and Greed Index remains at 79 out of 100, signaling a heightened sense of greed and increased buying activity among investors. Market sentiment is largely positive despite the recent corrections.

Recent Market Performance Highlights

• Bitcoin's price dropped below $67,000, hovering around $66,700.
• Other major altcoins like Ethereum, Dogecoin, Ripple, Solana, and Litecoin also experienced losses.
• The CORE token surged by over 40% in the last 24 hours, while Conflux (CFX) dropped by more than 16% during the same period.
• The total crypto market volume reached $119.38 billion in the past 24 hours, marking a substantial increase of 73.11%.
• DeFi's volume contributed $10.76 billion, representing 9.02% of the total market volume.
• Stablecoins accounted for $108.8 billion in the total market volume, making up 91.14% of the 24-hour volume.
• Bitcoin's dominance increased slightly to 52.12% compared to the previous day.

These events in the cryptocurrency market are significant and have implications for traders and investors alike. Stay updated with the latest news and trends to make informed decisions.