The cryptocurrency industry continues its cautious sentiment, with the market cap ticking upward by 0.29%, now at $3.4 trillion. Despite this modest growth, trading volume has plummeted by 25.49% in the last 24 hours, reaching $123.4 billion. Market sentiment remains balanced, as reflected by the Fear & Greed Index, which stands at a neutral score of 51, suggesting a wait-and-see approach from investors. Talking about the U.S. CPI inflation numbers now stands at 2.7%.
Bitcoin Holds Its Ground Amid Macro Concerns
Bitcoin has maintained its position, registering a marginal 0.27% increase in the last 24 hours. With its price now at $96,565.19 and a market cap of $1.91 trillion, the cryptocurrency solidifies its role as a market anchor. Meanwhile, high open interest in Bitcoin futures highlights the risks posed by excessive leverage in the derivatives market.
For a detailed look at Bitcoin’s price movements, check out our Bitcoin Price Prediction.
Mixed Trends in Altcoins
Ethereum has posted a negligible 0.02% gain, holding steady at $3,189.39, while Solana and XRP displayed contrasting movements. Solana experienced a minor dip of 0.24%, trading at $186.20, whereas XRP surged by 7.30%, reaching $2.75. XRP’s notable performance underscores its continued appeal to investors amidst ongoing market fluctuations.
Explore our Ethereum Price Prediction to understand its future trajectory.
Top Gainers
- DeXe: $15.97 (+15.05%)
- AI16Z: $1.32 (+13.30%)
- VIRTUAL: $2.94 (+9.97%)
Top Losers
- JASMY: $0.02701 (-8.91%)
- FARTCOIN: $0.9975 (-7.62%)
- RENDER: $6.77 (-4.52%)
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FAQs
The global cryptocurrency market cap is $3.4 trillion, up by 0.29% in the last 24 hours.
DeXe, AI16Z, and VIRTUAL lead today’s gainers with significant percentage increases.
The Fear & Greed Index stands at 51, indicating neutral market sentiment.
