Market Overview: In the past day, the value of the world’s cryptocurrency market has dropped to $2.14 trillion, a loss of -1.07%. This decrease is accompanied by a steep loss in trading volume, which is down -20.21%, amounting to $92.17 billion in 24-hour volume. The Fear & Greed Index has dropped to 36, indicating a growing level of investor “Fear” due to growing concerns about market instability.
Bitcoin Price Analysis: BTC Sees Another Drop?
BTC price continues to tread water, now changing hands at $61,247.84 after a slight decrease of -0.49% in the past day. With 24-hour volumes down -19.41%, the market is in a cautious mood, as BTC remains below the critical $65k resistance level. Investors are keeping a close eye on Bitcoin’s next move, but for now, no significant breakout is on the horizon.
Curious about BTC’s future price targets? Our Bitcoin Price Prediction answers that and much more!
Altcoin Updates: XRP Price Drops 10%!
Ether hasn’t fared much better, dropping -3.87% to $2,394.42. The downward trend has extended to Solana (SOL), which has lost -3.39%, trading at $142.04. Ripple’s XRP experienced a substantial drop of -10.83%, now priced at $0.5381.
Keen on the long-term price targets of ETH? Read our Ethereum Price Prediction
Top Gainers:
- Flare (FLR): Surged +14.59% to $0.01686, emerging as the top gainer.
- Wormhole (WH): Climbed +8.32% to $0.3448.
- Aptos (APT): Rose +6.85%, currently priced at $8.26.
Top Losers:
- Beam (BEAM): Plummeted 15.98% to $0.01615.
- Eigen Layer (EGL): Dropped 13.03% to $3.49.
- Ethena (ETH): Slipped 11.67%, now at $0.3168.
It is to be seen if the bulls will take back control of the market as it struggles with investor hesitancy. Get informed by subscribing to our daily crypto news updates and keep a watch on the top movers!
