The cryptocurrency market continues to show diverse developments, with substantial overall capitalization and price volatility among crypto assets.
Bitcoin and Ethereum Dominance
According to Phoenix Group's data on February 22nd, Bitcoin ($BTC) is trading at $96,375, holding 60.1% of the total market. At the same time, Ethereum ($ETH) is valued at $2,710, with a 10.3% market share.
Price Changes of Key Assets
Expected price changes were observed among well-known crypto assets: $MNT increased by 11.94% in the past 24 hours following a -12.63% drop. $SKY and other cryptocurrencies, such as $TEL, $ENA, and $NEAR, also showed significant price changes. The largest liquidation was observed in $BTC, totaling $132.25M within the same period.
Fear and Greed Index
The fear and greed index of the crypto market reached a level of 38, indicating increased investor caution and slowing market activity. $ETH and $SOL recorded liquidations of $120.41M and $17.62M, respectively.
The cryptocurrency market remains dynamic and subject to significant variations. The overall high price volatility and liquidity fluctuations suggest a lack of stability, requiring increased caution from investors.
