The cryptocurrency market continues to raise alarms due to constant price fluctuations of top tokens, keeping investors and traders on edge.
Situation with Bitcoin and Ethereum
Bitcoin price is testing the $115,000 mark with a high of $115,322, but is unable to hold above this level. This resistance/support level is crucial for monitoring. Similarly, Ethereum has consolidated around the $3.6k mark.
Pump of Pump.fun Token
The Pump.fun token saw a rise of over 10% in the last 24 hours, despite a 22.79% drop in trading volume to $449.68 million. This indicates an increase in the accumulation of PUMP tokens among investors.
Current Trends and Market Statistics
According to the latest data, the trading volume of the crypto market has decreased by 7.78% to $135.55 billion. The overall cryptocurrency valuation has dropped to $3.72 trillion with a 0.67% decline. The Fear & Greed Index is currently at 52 (Neutral), indicating weak buying and selling pressure.
The cryptocurrency market remains unpredictable, combining sharp declines with growth in certain altcoins. Investors should proceed with caution and closely monitor the changes.
