The cryptocurrency market today has undergone significant turbulence, which called for the market cap to sink by 2.63% to $3.67 trillion. The turmoil was seen hindering the trader activity, as the volumes also dipped by 1.32% to $203.4 billion. The Fear & Greed Index, however, didn’t budge much, as it continued to signal a score of 80, indicating the presence of extreme greed amongst market players.
Binance Delists WRX, AKRO, and BLZ
In a shocking move, Binance has cited the delisting of 3 tokens—WRX, AKRO, and BLZ—from its exchange. This has caused an instantaneous market reaction, with WRX plummeting 40%, AKRO losing 25%, and BLZ dropping 24% within hours.
Bitcoin Takes Another Dip?
Bitcoin price witnessed a 1.98% dip to $104,923.94, while the intraday trade volumes shot down by 2.78% to $77.35 billion. Despite the pullback, Bitcoin continues to remain a haven, as it continues to hold a lion’s share of the market at 56.47%.
For insights into Bitcoin’s future, explore our Bitcoin Price Prediction.
Altcoin Watch: Winners and Losers
Ethereum price slipped by 3.12% on its daily charts to $3,884.64, amidst the broader market uncertainty. Solana too followed the trend, dipping 1.57% to $217.45. XRP on the other hand, faced a sharper decline of 4.39% to $2.57.
For Ethereum’s detailed analysis, check out our Ethereum Price Prediction page.
Top Gainers & Losers:
PENGU emerged as the flag bearer for gainers, skyrocketing by 587.47%. Meanwhile, BGB and MOVE posted notable gains of 13.74% and 7.72% respectively. On the flip side, HNT lost -11.33%, PYTH -10.48%, and DYDX -9.80% from their price tags.
FAQs
Binance has not provided specific reasons for the delisting, but such decisions typically stem from regulatory concerns or insufficient trading activity.
The Fear & Greed Index is at 80, cautions against “Extreme Greed” in the market.
PENGU led the gains, surging by an impressive 587.47% in the last 24 hours.
