The crypto market faces a persistent downturn, with market capitalization touching $3.25 trillion after a 0.29% dip.
General Trends in the Crypto Market
The crypto market continues to decline, with a current market capitalization of $3.25 trillion, and a 24-hour trading volume decreasing by 8.39% to $111.03 billion. The Fear and Greed index stands at 48 points, indicating a neutral state among investors.
Price and Market Dynamics of Bitcoin and Ethereum
Bitcoin (BTC) recorded a 0.72% increase, reaching $104,733.62, with a market dominance of nearly 64%. Ethereum (ETH) also surged by 0.67%, touching $2,520.80 with a market share of 9.4%.
New Initiatives and Prospects in 2025
Tether's CEO Paolo Ardoino introduced a new offline password manager to reduce dependence on centrally controlled storage. In South Korea, the launch of won-based stablecoins and cryptocurrency ETFs is anticipated for 2025. Linda Yaccarino, CEO of the social media platform X, announced upcoming direct investment and trading operations for users.
The crypto market showcases mixed dynamics with significant changes, creating both challenges and new opportunities for market participants.
