The cryptocurrency market has faced a slight correction today following a minor recovery reported yesterday. The industry’s total market capitalization has dipped by 0.94%, bringing it down to $2.68 trillion. Amid this bearish sentiment, the overall trading volume has plummeted by an alarming 10.15%, now resting at $90.36 billion. Notably, the Fear & Greed Index has also taken a significant downturn, plunging into the extreme fear territory with a reading of 18. This indicates that traders are treading carefully and are overly cautious about their next moves in this volatile market.
Bitcoin Price Drops Below $83k
Today, Bitcoin (BTC) has experienced a decline of 1.42%, now valued at $82,004.85. This drop follows a significant intraday decline that reached as low as $79,931.85. Concurrently, Bitcoin’s trading volume has seen a stark decrease of 20.58%, sliding down to $29.88 billion. Given Bitcoin’s critical influence on the overall market trends, this decrease has drawn the attention of investors and analysts alike who are keenly monitoring its trajectory.
For those looking to gain deeper insights into Bitcoin’s future potential, check out our Bitcoin (BTC) Price Prediction for 2025, 2026-2030.
Altcoins Prices Today: Ethereum Holds Firm
In contrast to Bitcoin, Ethereum (ETH) is demonstrating remarkable resilience amid the broader market’s turbulence. It has recorded an intraday price increase of 1.57%, now trading at $1,897.27. Other major altcoins have also shown mixed performance; XRP posted a notable gain of 2.99%, rising to $2.30, suggesting a positive sentiment among its supporters. However, Solana (SOL) has not fared as well, slipping by 1.17% to $125.03, further highlighting the erratic nature of altcoin performances in light of Bitcoin’s fluctuations.
If you’re curious about XRP’s future price potential, delve into our XRP Price Prediction for 2025, 2026-2030.
Top Gainers & Losers
In the crowded landscape of the crypto market, some tokens have shone brightly today. Sonic led the charge among gainers, surging by an impressive 13.32% to a price of $0.5113. Trump Token followed closely behind with a notable price increase of 9.32%. KAVA also made waves, registering an 8.82% gain. On the flip side, the losers’ side saw STORY IP leading with a decline of 6.02%. Additionally, ENA and MOVE suffered losses of 5.16% and 4.70%, respectively, illustrating the uneven playing field that characterizes the altcoin market.
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FAQs
At the time of writing, Bitcoin is priced at $82,004.85.
Sonic (+13.32%), Trump (+9.32%), and KAVA (+8.82%) are today’s top-performing altcoins.
Ethereum has gained 1.57% in the last 24 hours, currently trading at $1,897.27.
