The cryptocurrency market today is showing steady but subdued movements. Despite a slight uptick in the global market cap to $3.21 trillion, the daily trading volume has decreased by 20.40% to $103.06 billion. This slowdown in trading activity is reflected in the Fear & Greed Index, which currently sits at a score of 38, indicating a sentiment of “Fear” among investors.
Bitcoin, the leading cryptocurrency, continues to maintain stability amidst low volatility. In the daily chart, Bitcoin is seen trading sideways around the $97,000 range, with a marginal price increase of 0.10% to $96,870.78. Although the intraday trading volume has decreased by 25.81%, Bitcoin’s dominance remains strong at 59.9%.
In contrast, altcoins are experiencing mixed performances. Ethereum has struggled, dropping by 0.75% to $2,699.52, while Solana remains relatively stable at $195.68 with a minor 0.03% decline. The standout performer among altcoins is XRP, which has surged by 4.34% to reach a price of $2.58.
Some of the top gainers in the market today include TRUMP, which saw a 6.47% increase to $16.53, JUP with a 5.75% rise to $0.897, and HNT climbing by 5.65% to $3.92. On the other hand, top losers include XCN, which dropped by 9.77% to $0.02341, CAKE down by 9.23% to $2.73, and TAO falling by 4.68% to $380.35.
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Frequently Asked Questions (FAQs):
– How much does 1 BTC cost today? Bitcoin is currently trading at $96,870.78, with a minor 0.10% increase in the last 24 hours.
– Which tokens have surged the most today? TRUMP, JUP, and HNT are among the top gainers, with TRUMP leading at +6.47%.
– How has Ethereum performed today? Ethereum’s price has dropped by 0.75% to $2,699.52 as the market struggles to gain momentum.
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