The crypto market is experiencing a slight dip as Bitcoin and Ethereum show resilience amid market fluctuations.
State of the Crypto Market
The crypto market dipped by 0.39% today, with its market capitalization dropping to $2.7 trillion. However, intraday trading volume increased by 7%, reaching $72.6 billion. The Fear & Greed Index fell to 25, indicating a bearish sentiment in the market.
Bitcoin Holds Steady
Bitcoin maintains its level above $82,000, despite a 0.26% decrease over the last 24 hours, highlighting its dominant market stance with a valuation of $1.73 trillion.
Ethereum and Major Altcoin Moves
Ethereum rose by 0.83%, reaching $1,899.90. Meanwhile, some altcoins like XRP and Solana showed declines of 2.59% and 2.70%, respectively. PancakeSwap leads the gainers with a 19.80% increase, followed by TRON at 5.17% and OKB at 4.63%. On the losing side, PI fell by 15.62%, and BERA declined by 12.09%.
Despite the overall market decline, many major cryptocurrencies are maintaining their positions. Bitcoin continues to display its resilience, while Ethereum shows a positive trend.
