Cryptocurrency Market Overview:
The global crypto market is seeing a slight pullback, dropping 1.80% in the last 24 hours, bringing the total market cap to $2.29 trillion. Trading volume also took a hit, decreasing by 32.89% to $75 billion. Despite this, market sentiment remains optimistic, with the Fear & Greed Index sitting at 60, indicating a greedy investor attitude.
This optimism is partly due to the upcoming U.S. elections, which have stirred positive sentiment in the sector. Bitcoin’s open interest has also hit a record $39.41 billion, reflecting heightened investor involvement.
Bitcoin Price Rise Amid Whale Activity:
Bitcoin is currently priced at $66,944.21, down slightly by 1.41% in the past 24 hours. Whale transactions have surged to their highest levels in over 10 weeks, with whales holding nearly 1.97 million BTC—a year-to-date increase of more than 800%. Additionally, U.S. spot Bitcoin ETFs have bought $1.5 billion in Bitcoin within just four days.
Altcoins Today: FTT Token Takes the Lead:
Ethereum (ETH) dipped 1.32%, now trading at $2,602.32, while Solana (SOL) dropped 2.83%, priced at $151.61. However, XRP rose by 1.69% and is valued at $0.5536.
Top Gainers:
FTX Token (FTT) leads with a 13.72% gain, trading at $2.11. XRP follows with a 1.62% increase to $0.5529, and Injective (INJ) is up 1.07%, reaching $21.30 before its Bitfinex listing.
Top Losers:
Worldcoin (WLD) dropped 8.48% to $2.17. Kaspa (KAS) followed with an 8.40% decline at $0.1224, and Starknet (STRK) fell 8.16%, trading at $0.3942.
Stay updated with our daily insights on the latest crypto market trends!
This is no financial advice. Includes third party opinion.