Today's cryptocurrency market shows a slight decline amid steady interest in ETFs. The overall market capitalization decreased by 0.95%, and trading volumes fell by 2.05%.
ETF and Bitcoin: Rising Interest
Bitcoin's price today fell by 1.08% to $96,041.73, maintaining a market cap of $1.9 trillion. Despite market turbulence, institutional investor interest in ETFs remains high. Last week, Bitcoin ETFs saw an inflow of $449 million, with BlackRock’s IBIT ETF attracting a significant $1.45 billion.
Altcoins: ETH, SOL, and XRP Decline
Ethereum sunk 0.91% in the last 24 hours to $3,344.95. However, it also showed substantial ETF inflows, amounting to $62.73 million for the week. Solana and XRP followed broader trends, with SOL's price down by 1.09% to $184.21, and XRP slipping 2% to $2.21.
Top Gainers and Losers
Among top gainers today are Curve DAO, up by 10.71% to $0.8835, Aave, rising 10.02% to $339.24, and FTX Token, growing by 8.67% to $3.22. On the downside, the market saw HYPE (-17.37%), MOVE (-7.39%), and WIF (-5.30%) as today's losers.
The cryptocurrency market displays mixed results with fluctuations in altcoin prices and consistent interest in ETFs, which might be a good indicator of future shifts.
