The crypto market continues to show stability. Despite investor caution, news of the Bitfinex hack and price movements shape its dynamics.

Crypto Market Overview

The global crypto market cap sits at $2.14 trillion, reflecting stability in recent days. However, the Fear & Greed Index is at 37, indicating investor fears. Meanwhile, legal proceedings around the Bitfinex hack continue, with U.S. prosecutors suggesting an 18-month prison sentence for Heather Morgan for her involvement in laundering 120,000 stolen bitcoins.

Bitcoin Price Update

Bitcoin's price holds firm above the $61k mark. Despite minor fluctuations, BTC remains within a predictable range. Investors are keenly observing the psychological resistance at $65k, an important level for traders.

Altcoins: Gainers and Losers

Ethereum shows positive momentum with a 0.75% rise, reaching $2,416.99. Other altcoins like Solana and XRP have also gained, up by 1.51% and 0.5352%, respectively. Celestia leads the gainers with an 8.05% increase, followed by Dogwifhat at 6.24% and Sui at 5.60%. However, not all moved positively: Fantom fell 5.81%, with Helium and FTX Token also down by 3.87% and 2.54%, respectively.

As the market balances between gains and losses, traders watch for signs of stronger momentum. The recent Fidelity data breach investigation adds complexity to the market's dynamics.