The cryptocurrency market experienced a mixed mood today as the global market cap dropped by 1.70%, settling at $3.31 trillion. Trading volumes also fell by 4.71%, reaching $165.14 billion, signaling a cautious approach from investors. The Fear & Greed Index remained unchanged at 49, indicating neutral sentiment as the market searches for a clear direction.
Bitcoin Struggles as Price Slips to $94k
Bitcoin (BTC) continues to face selling pressure, shedding 2.37% in the past 24 hours. The leading cryptocurrency is now priced at $94,297.62, with a market cap of $1.86 trillion. Despite a slight uptick in trading volume, which rose by 1.79% to $63.81 billion, Bitcoin has struggled to maintain momentum. Investors appear cautious as BTC faces resistance levels, awaiting further market cues for direction.
Altcoin Performances: XRP Shines Amidst Market Dip
Ethereum (ETH) demonstrated resilience, losing only 0.74% and trading at $3,328.24, while Solana (SOL) also saw a mild dip of 0.81%, priced at $194.62. However, it was XRP that emerged as a standout performer, gaining 1.66% to reach $2.35. This rise came as renewed interest in the token sparked optimism, suggesting potential for continued bullish momentum in the short term.
Top Gainers and Losers in Today’s Market
In terms of top performers, Strike (STRK) surged an impressive 144.31%, reaching $18.94, while XDC Network (XDC) rose by 5.26%, trading at $0.09382. Monero (XMR), known for its privacy features, also displayed strength, gaining 3.87% to $195.61.
On the losing side, AI16Z saw a sharp 20.17% drop to $1.47, while Thorchain (RUNE) declined by 10.13%, and Virtual (VIRTUAL) fell 9.95%, reflecting bearish sentiment in mid-cap tokens.
Also Read: Bitcoin Gains Traction as Czech Republic Explores Cryptocurrency in National Reserves
As the market remains volatile, investors are carefully monitoring key levels and market developments.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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