Today, the cryptocurrency market saw a decline in the value of Bitcoin and significant altcoins like Ethereum and XRP amid anticipation of U.S. employment statistics.
Market Overview
The global cryptocurrency market cap has dropped by 1.68%, now at $3.25 trillion. Total trading volume has decreased by 11% to $155 billion. The Fear and Greed Index stands at 43, indicating a neutral sentiment in the market.
Status of Major Cryptocurrencies
Bitcoin is currently trading around $93,433, with its market cap falling below the $2 trillion mark to $1.85 trillion. Meanwhile, Ethereum is priced at $3,245, experiencing a 2.55% decline within 24 hours. XRP is at $2.28, down by 3%, while Solana has seen a 4% drop, now priced at $188.
Top Gainers and Losers in Cryptocurrency
In the last 24 hours, notable gainers include Kaia, Litecoin, and BitTorrent. Conversely, the largest losses are recorded by THORChain, SPX6900, and Bittensor. Among meme coins, Dogecoin and Shiba Inu have shown mixed reactions, with Dogecoin declining about 4%, trading at $0.326, while Shiba Inu remained stable.
The overall declines in the cryptocurrency market today have prompted caution among traders as they anticipate U.S. employment data and potential interest rate changes. Market participants are closely monitoring the impact of economic indicators on cryptocurrency valuations.
