The crypto market continues to show high activity, reaching a $103.09 billion daily trading volume. Despite a drop in the fear and greed index, Bitcoin and Ethereum retain their positions.
Bitcoin Dominance and Current Status
Bitcoin maintains a 60.1% share of the total market value. Its current market value stands at $95,679, continuing to dominate market sentiment. Trading statistics indicate a balance of long positions (49.47%) and shorts (50.53%).
Ethereum's Stability and Market Role
Ethereum holds a 10.4% share of the market with a current price of $2,712. Ethereum maintains low transaction costs, offering favorable conditions for decentralized app users and NFT traders. Long-term growth relies on scalability enhancements and Layer 2 platform implementations.
Aptos' Growth and Market Volatility
Aptos experienced the highest growth rate over the last 24 hours, rising by 16.85%. The price recovery occurred after an initial -0.64% drop, showcasing strong buying interest. High volatility also led to liquidations exceeding $170 million, with BTC and Ethereum leading the losses.
Despite high liquidations and cautious market sentiment, the crypto market remains active with dominant positions of Bitcoin and Ethereum. The registered growth of alternative coins emphasizes the ongoing dynamic and potential for new trends.
