The cryptocurrency market has shown signs of stabilization after a recent slump, with the market cap rising by 2.48% to reach $3.37 trillion. Although intraday trading volumes have decreased by 42.36% to $207.62 billion, the overall market sentiment remains bullish, with the Fear & Greed Index indicating a score of 62, which is classified as “Greed.”
Bitcoin has maintained its price at $97,252.93, with a slight gain of 0.11% from the previous day. Its dominance in the market remains strong, contributing $1.92 trillion to the global market cap, despite a decrease in trading volumes by 49.55% to $62.25 billion. Investors continue to be optimistic about Bitcoin’s performance amid broader market corrections.
In the world of altcoins, Ethereum has seen a minor dip of 0.40% in its price, trading at $3,373.96, while Solana experienced a more significant decline of 2.45% to $184.95. On the other hand, XRP has gained 0.43%, reaching $2.24, demonstrating resilience compared to other assets.
In terms of top gainers and losers, MOVE has led the charts with a significant surge of 23.79%, reaching $1. VIRTUAL followed closely with a 15.06% gain, priced at $2.67, and PENGU rose by 13.75%, trading at $0.0303. However, APTOS saw the steepest drop, sliding by 6.92% to $9.89, while HBAR and KAS also faced declines of 2.86% and 2.81%, respectively, indicating a mixed sentiment in the broader altcoin market.
The current market sentiment, as reflected by the Fear & Greed Index at 62, suggests positive investor sentiment. The top-performing coins today were MOVE, VIRTUAL, and PENGU, with gains of 23.79%, 15.06%, and 13.75%, respectively. Bitcoin has gained 0.11% in the last 24 hours, trading at $97,252.93.
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