The cryptocurrency market is experiencing a decline amidst falling market capitalization and increasing investor fear. However, amid overall instability, Onyxcoin shows significant growth.
Overall Market Status
Today, the cryptocurrency market is down 1.16%, with a market capitalization of $2.58 trillion. Trading volume has decreased by 37.50% to $102.16 billion. The Fear & Greed Index has dropped to 21, indicating rising caution among investors.
Onyxcoin Surge
Onyxcoin (XCN) has emerged as the top gainer, surging 69.92% to a price of $0.01891. The trading volume for the day reached $456.08 million, an increase of 270.52% from the previous day. Over the past 24 hours, the price has ranged from $0.01106 to $0.01952.
XRP and Bitcoin Situation
Ripple Labs and the SEC have jointly moved to request a pause in the appeal proceedings with the U.S. Court of Appeals. The proposed deal reduces Ripple’s civil penalty from $125 million to $50 million. XRP is currently trading at $1.99, down 0.39%, with a 24-hour trading volume of $4.12 billion. Conversely, Bitcoin has slipped 1.88% to $80,530, despite positive consumer inflation data in the U.S. However, Bitcoin's trading volume has dropped 42.65%, indicating investor caution.
Despite the overall downturn in the cryptocurrency market, Onyxcoin shows impressive growth. At the same time, XRP and Bitcoin remain under pressure, suggesting investor sentiment instability.
