The cryptocurrency market has shown negligible changes over the past day, gaining 0.27% to reach a market capitalization of $3.05 trillion. Trading volume notably slipped by 16.41% to $148.37 billion. However, market sentiments remain optimistic, with the Fear & Greed Index reading at 82, indicating 'Extreme Greed'.
Overview of the Current Crypto Market
The crypto market remains largely unchanged over the past day, with the total market cap reaching $3.05 trillion, bolstering investor confidence. Despite this, the drop in trading volume highlights potential hesitation among market participants.
Bitcoin and Market Volatility
Bitcoin has posted a modest change over the past 24 hours, trading at $90,574.74. Its market cap continues to hold strong at $1.8 trillion, though the dominance has stepped back to 58.69%. A significant drop in intraday trading volume by 16.41% signals potential hesitancy among market players. Notably, transaction volumes for BTC under the $100k level have surged to a 3-year high, hinting at positivity among small investors.
Ethereum and Altcoins: Mixed Results
Ethereum saw a subtle 0.15% rise, reaching $3,115.12, maintaining its upward momentum. Solana gained attention, making a 2.70% increase to reach $243.65, supported by continued investor trust. XRP also edged higher by 1.55%, priced at $1.15. Among top gainers, MANTRA led with an exceptional 32.69% increase to $4.24, followed by Hedera with a 26.03% rise to $0.107 and Stellar climbing 12.78% to $0.2207. Conversely, Jupiter saw the most significant loss, falling by 6.19% to $1.21, with Brett and Helium also declining by 6.16% and 6.13%, respectively.
Market dynamics continue to keep traders on their toes amid shifting trends. While trading volume has declined, optimistic sentiments and growing trust in certain assets continue to draw market participants’ attention.
