The overall cryptocurrency market saw a slight decrease in the last 24 hours, with its total market value standing at $4.05 trillion, a 1.52% dip. Despite the cooldown, trading remains robust, with a total volume of nearly $296 billion, indicating strong investor engagement. Bitcoin dominance is currently at 59.5%, while Ethereum holds about 13.5% of the market share.
Bitcoin (BTC) saw a minor dip of 0.23% to trade at about $116,466, maintaining its key support level. Ethereum (ETH) also experienced a slight pullback, dropping 0.25% to trade at approximately $4,542, according to CoinMarketCap. Meanwhile, other major altcoins are showing mixed but relatively stable performance.
Crypto Price Performance of Top 10
- Bitcoin (BTC): Bitcoin is trading at $116,277.41, registering a 24-hour dip of 0.03%. Trading volume stands at $41.42B.
- Ethereum (ETH): Ethereum is trading at $4,534.95, registering a 24-hour dip of 0.31%. Trading volume stands at $30.57B.
- XRP (XRP): XRP is trading at $3.02, registering a 24-hour dip of 0.38%. Trading volume stands at $5.27B.
- BNB (BNB): BNB is trading at $989.25, with a slight 24-hour dip of 0.22%. Trading volume is at $3.30B.
- Solana (SOL): Solana is priced at $241.84, registering a 24-hour dip of 0.23%. Trading volume is strong at $8.37B.
- Dogecoin (DOGE): Dogecoin is trading at $0.2710, recording a 24-hour dip of 0.07%. Trading volume is at $3.74B.
- TRON (TRX): The TRON price is at $0.3475, marking a 24-hour dip of 0.05%, with a trading volume of $966.13M.
- Cardano (ADA): Cardano is trading at $0.9013, registering a 24-hour dip of 0.56% with a trading volume of $1.88B.
- Hyperliquid (HYPE): Hyperliquid is trading at $56.26, marking a 24-hour gain of 0.02% with a trading volume of $349.22M.
- Chainlink (LINK): Chainlink is trading at $23.83, recording a 24-hour gain of 0.02% with a trading volume of $1.11B.
Most Trending Cryptos Today
The top trending coins in the last 24 hours show significant volatility and interest in diverse assets. Leading the pack are Trust Wallet Token (TWT) at $1.16, which surged by an impressive 30.36%, and APX at $0.6942, which jumped by 22.01%. Other notable trending coins include Artyfact (ARTY) at $0.1806, up by 12.63%, and OpenLedger (OPEN) at $0.9055, which rose by 5.82%.
Market Sentiment and Institutional Flows
The Fear and Greed Index stands at 52, which indicates a Neutral mood in the market. However, the Altcoin Season Index is high at 74, suggesting that altcoins may be outperforming Bitcoin in the current climate. Reflecting the slight downturn, the CoinMarketCap 200 Index (CMC20) is indicating a 1.43% decrease.
With Bitcoin holding steady above $116K and the broader market taking a slight pause, investors seem to be in a holding pattern. The neutral sentiment, combined with a high Altcoin Season Index, points to a potential shift in focus towards non-Bitcoin assets. While the market consolidates, the robust trading volumes suggest that underlying strength and interest remain high. The key question is whether this is a temporary pause before the next leg up or the beginning of a larger correction.
Also read: BTC, ETH Options Expiry Worth $4.3B Could Spark Volatility
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