The crypto market today took a route to the south, with the market cap leaning down by 2.89% to $3.13 trillion. However, trade in the industry remained high, as the intraday volume jumped 8.71% to $105.22 billion. Amid the hustle and bustle of the business, the Fear & Greed Index remains at 35, indicating that marketers are still in “Fear”.
Bitcoin Price Holds $95k, Despite Whale Activity?
Bitcoin has been holding its position firm at the $95K level despite a 2.57% drop in the last 24 hours. Whales have increased their short positions, suggesting a guarded outlook among large investors. Irrespective of the market conditions, BTC’s dominance continues to stands stout, which is currently at 60.43%, highlighting its continued influence over the broader market.
For a peek into Bitcoin’s future price, check out our Bitcoin Price Prediction 2025-2030.
Altcoins Take a Hit as Ethereum and Solana Decline?
Ethereum has dropped by 3.75% in the past 24 hours, changing hands at $2,604.56, while Solana saw a 4.38% price slip to $195.51. XRP also fell by 3.48%, to $2.41. The larger altcoin market mirrors a bearish sentiment as traders take calculated risks.
Concerned about your ETH holdings, read our Ethereum Price Prediction 2025-2030 for potential price targets.
Top Gainers and Losers
While the market has been facing rough waters, some cryptos did witness some gains. FTX Token surged 5.11% to $2.07, followed by Sonic at +2.96% and Monero at +1.76%. On the losing side, ENA plummetted by 11.58% to $0.4356, with CRV and TIA also facing double-digit declines.
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FAQs
Bitcoin is currently priced at $95,676.86, with a 2.57% decline in 24 hours.
FTX Token (+5.11%), Sonic (+2.96%), and Monero (+1.76%) are among the top gainers.
Despite increased short positions by whales, BTC has managed to hold the $95K support, indicating buying interest at this level.
