The cryptocurrency market faced a setback today after a recent bullish trend. The overall market capitalization currently stands at $2.89 trillion, with a 10.07% increase in intraday trading volume to $129.65 billion. This dip in the market comes amidst significant events such as Donald Trump signing an executive order, Jerome Powell’s speech, the U.S. jobs report, and the Federal Reserve’s Monetary Policy Report. As a result, the Fear & Greed Index remains in the fear territory with a score of 30.
Bitcoin’s price has corrected to $88,331.21, representing a 4.42% decline in the past 24 hours. Despite a $58.51 billion worth of trade volumes, BTC did not react significantly to Trump’s executive order to establish a Bitcoin reserve, aimed at aligning Bitcoin with traditional gold reserves.
The Altcoin Season Index by Coin Market Cap currently sits at 14 out of 100, indicating that the market is still dominated by Bitcoin. Major altcoins like Ethereum, XRP, and Solana experienced losses, with Ethereum down 6.26% to $2170.17, XRP dropping 1.54% to $2.50, and Solana sliding 5% to $142.48.
In terms of top gainers and losers, a few outliers stood out amidst a sea of red:
Top Gainers:
– SUI: $2.76 (+3.08%)
– CRO: $0.08641 (+2.01%)
– LEO: $9.92 (+0.03%)
Top Losers:
– Sonic: $0.5264 (-14.31%)
– AAVE: $208.43 (-12.37%)
– ONDO: $1.04 (-12.29%)
Overall, while the majority of cryptocurrencies faced losses, there were a few exceptions that posted gains. Stay updated with the latest cryptocurrency news and trends by subscribing to our platform for regular updates.
FAQs:
1. How much does 1 BTC cost today?
Bitcoin is currently priced at $88,331.21, reflecting a 4.42% decline in 24 hours.
2. Which cryptocurrencies gained the most today?
SUI, CRO, and LEO recorded the highest gains today.
3. What is the market sentiment today?
The Fear & Greed Index has dropped to 30 (Fear), indicating cautious investor sentiment.
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