The crypto market today is showing negative trends with a decline in overall capitalization and a significant number of liquidations. Investors are closely monitoring interest rate cuts from the forthcoming FOMC meeting.
Current Crypto Market Situation
Today, the total valuation of the crypto market dropped by 0.97% to $3.33 trillion. Despite this, the trading volume over the past 24 hours surged by 33.54% to reach $131.69 billion. The Fear & Greed Index stands at 53, indicating investors are awaiting direction from the market.
Bitcoin is currently priced at $106,170.88, down 0.92% over the past day, with a market cap of $2.1 trillion. Ethereum also shows a decrease of 2.67%, now trading at $2,550.01.
Liquidations in the Market
In the last 24 hours, 106,815 traders were liquidated across exchanges, with total losses amounting to $363.46 million, according to CoinGlass. The largest single liquidation order was valued at $3.32 million on the SOLUSDT pair on Binance. This wave of forced closures reflects the vulnerability of leveraged traders in volatile markets, especially amid unclear macroeconomic signals.
Top Gainers and Losers in Tokens
Among tokens that showed gains are:
* **Pendle (PENDLE):** +3.51% | Price: $3.92 * **Bitcoin Cash (BCH):** +3.45% | Price: $470.34 * **Monero (XMR):** +3.34% | Price: $327.91
Conversely, the top losers include: * **SPX6900:** -15.79% | Price: $1.42 * **ImmutableX (IMX):** -10.77% | Price: $0.428 * **ZCash (ZEC):** -8.93% | Price: $42.31
Amid the current declines in the crypto market, investors remain cautious. A key focus of analysis today is the anticipated news from the FOMC and its potential impact on the market.
