The crypto market has fallen following a previous rise. Its market capitalization is now $2.89 trillion, with intraday trading volume up by 10.07%, reaching $129.65 billion.
Bitcoin Price Correction
Bitcoin’s price has dropped by 4.42% in the past 24 hours to $88,331.21. The trading volume of $58.51 billion did little to change the daily chart. Donald Trump’s executive order on establishing a Bitcoin reserve hasn't affected its price.
Altcoin Season: Not Yet Here
According to Coin Market Cap's 'Altseason Index', the current score is 14 out of 100, indicating Bitcoin season. Major altcoins have also declined: Ethereum fell by 6.26% to $2170.17, XRP dipped by 1.54% to $2.50, and Solana slid by 5% to $142.48.
Market Gainers and Losers
Despite the general decline in cryptocurrencies, some have gained. Among the gainers are: SUI ($2.76, +3.08%), CRO ($0.08641, +2.01%), LEO ($9.92, +0.03%). Meanwhile, the losers include: Sonic ($0.5264, -14.31%), AAVE ($208.43, -12.37%), ONDO ($1.04, -12.29%).
Despite recent market corrections, investor interest remains strong, as highlighted by increased trading volumes. Market sentiment continues to be influenced by external economic factors.
