The crypto market today is facing bearish pressures driven by the U.S. Non-Farm Payrolls report and rising liquidations. Overall market cap slipped by 4.09%.
Bitcoin Price Decline
Despite actions by the U.S. government, Bitcoin reserves couldn’t prevent liquidations totaling $239.92 million. BTC's current price is $82,506.72, down by 4.03% over the day, with its market cap dropping to $1.63 trillion.
Altcoins Decline
The altcoin market has also been pressured. Ethereum faced liquidations of $108.01 million, dropping over 5% to $2066.30. XRP and Solana followed, trading at $2.19 and $128.28, with changes of -5.61% and -7% respectively.
Top Gainers and Losers
Despite the overall negative trend, some tokens posted gains. Story IP surged by 9.61%, followed by Ethena and XAUt with increases of 5.11% and 0.01%. On the losing side, JASMY, KAS, and Maker led with losses of 13.66%, 12.41%, and 11.75% respectively.
The crypto market continues to face pressures, as indicated by the 'Fear & Greed Index' with a level of 17, showing extreme fear phase.
