The cryptocurrency market is showing positive trends with a modest increase in capitalization and trader activity over the last 24 hours.
Overview of the Crypto Market
The total market capitalization of the cryptocurrency market exceeded $4.05 trillion, marking a 3.3% increase. Trading volumes reached nearly $161 billion a day, indicating strong investor participation.
Performance of Major Cryptocurrencies
Bitcoin (BTC) gained around 3.45%, trading at $116,585. Ethereum (ETH) rose by 12.1%, trading at approximately $4,750.55. XRP also gained traction, climbing 4.7% to roughly $3.03. According to CoinGecko, BTC's trading volume increased by 27% to $77.04B, while ETH saw a 54% rise to $59.71B.
Current Trends and Market Sentiment
The Fear and Greed Index stands at 46, indicating a neutral mood in the market. The Altcoin Season Index at 45 suggests Bitcoin is still dominant. Traders are closely monitoring macroeconomic indicators, while the surge in trading volumes and the return of institutional players confirm market development.
The cryptocurrency market is showing growing investor interest, accompanied by increasing trading volumes and a desire for further achievements.
