The cryptocurrency market shows stability, despite slight fluctuations in the prices of major tokens. Overall capitalization is down amid decreased trading activity.
Bitcoin Drops to $117k
Bitcoin, the largest cryptocurrency by market capitalization, has decreased by 1% today, trading at $117,871, down from $118k which it held throughout the week. Trading volume has significantly dropped by 28% from the previous day to $75.79 billion.
Altcoin Market Follows Modest Drops
XRP, the native token of Ripple, has also seen a decrease of 2.03% in the last 24 hours, currently trading at $3.06 after dropping from an intraday high of $3.14. Trading activity is down to $7.29 billion with a market valuation decrease of 1.97% to $181.44 billion. Monero has faced losses of about 7%, currently trading at $234.39.
Crypto Market Overview
The total crypto market capitalization stands at $3.95 trillion with an intraday trading volume of $208.79 billion, indicating a 27.26% change over the last 24 hours. The Fear & Greed index is at 59, suggesting that investors are holding steady amid market declines. In the last 24 hours, approximately 121,206 traders have been liquidated from their positions, totaling $453.24 million.
The cryptocurrency market remains under pressure, yet many investors maintain confidence, avoiding panic selling amid reduced trading activity.
