On September 5, the crypto market faced a substantial downturn, indicating growing caution among investors. The total market cap decreased by 2.08%.
Overall Market Situation
The global crypto market cap fell to $3.81 trillion, while trading volume dropped by 23.06% to $114.55 billion. Major cryptocurrencies also saw declines: Bitcoin's price fell by 2.01% to $110,873, and Ethereum decreased by 3.13% to $4,298.66.
Top Winners and Losers
Despite the overall downturn, some altcoins managed to rise. Ethena (ENA) led the gainers with a 7.36% increase to $0.7363 and a trading volume of $1.38 billion. OKB climbed by 6.33%, and World Liberty Financial gained 4.93%. Among the losses, Kaspa dropped by 7.90%, while Aerodrome Finance fell by 6.55%.
Investor Sentiment
The Fear and Greed Index is currently at 41, indicating neutral sentiment. Meanwhile, the Altcoin Season Index is at 52, suggesting a balanced potential for altcoin growth. In crypto ETFs, there were outflows totaling $592.2 million, signaling reduced investor interest in digital assets.
The current state of the crypto market, including declines and investor caution, highlights the volatility and uncertainty in the sector. Mixed reactions could influence future investments.
