The cryptocurrency market has seen a decline in capital over the past 24 hours, yet Bitcoin remains firm. The overall market capitalization decreased by 0.79% to $3.4 trillion.
Current Market Situation
Trading volumes fell by 11.80% to $118.37 billion, yet the Fear & Greed Index remained in the 'Greed' territory with a value of 63.
Bitcoin's Stability
Bitcoin saw a slight price increase of 0.06%, reaching $98,324.87. Trading volumes declined by 16.40% to $37.04 billion. U.S. spot Bitcoin ETFs reported net outflows of $338.4 million.
Altcoin Dynamics
The largest altcoin, Ethereum, dropped by 1.6% to $3,438.73. Solana and XRP fell by 2.23% and 2.05% respectively, indicating a broader bearish trend. Among gainers, BGB surged by 20.49% to $6.34.
Despite the overall decline, Bitcoin shows resilience, although the drop in trading volumes calls for cautious optimism. Altcoins continue to fall, but some, like BGB, show significant growth.
