The cryptocurrency market begins a new week with price consolidation, while mid-cap tokens show activity, drawing investor attention.
Overview of Bitcoin and Ethereum Prices
Bitcoin price fluctuated around $118,000 with over 1% change in the last 24 hours. Its trading volume increased by 40%, reaching $65.71 billion, indicating a rise in trading activity. Ethereum stabilized above $3,800, increasing its market share to 11.7649% with a market capitalization of $460.42 billion.
Trends in Altcoins
XRP and Solana cryptocurrencies display a similar price trend. Meanwhile, the token Optimism shows impressive growth, with its price rising over 9% and trading volume reaching $1.11 billion, an increase of +738%.
Overall Situation in the Crypto Market
According to the latest data, the global crypto valuation stands at $3.89 trillion with an intraday trading volume of $171.61 billion (+40.36%). The Fear & Greed index is at 67, indicating a positive sentiment in the market. Over 119,000 traders were liquidated in the past 24 hours, with total liquidations amounting to $353.13 million, the largest single liquidation occurring on the HTX exchange with the ETH/USDT pair valued at $2.68 million.
At the start of the week, the cryptocurrency market shows consolidation with positive trends for many mid-cap tokens. It is crucial to monitor developments in the next 24 hours to understand the market's future trends.
