The crypto market is experiencing a downturn today, with the global market cap dropping to around $3.98 trillion. Here's a breakdown of the current market situation:
*Key Market Indicators:*
- *Bitcoin (BTC)*: Trading at $112,582, with a 0.5% increase in the last 24 hours. Bitcoin dominance stands at 56.3%.
- *Ethereum (ETH)*: Trading at $4,182.67, with a 0.26% increase in the last 24 hours. Ethereum dominance is at 12.7%.
- *Total Trading Volume*: $162 billion in the last 24 hours.
- *Fear & Greed Index*: Neutral at 47, indicating a cautious market sentiment.
*Top Performers:*
- *Story IP*: Jumping 12.4% to $13.87, standing out as a major asset in the green.
- *Polkadot*: Up 20.6% in the last 24 hours.
- *Immutable*: Surging 8.6% in the last 24 hours.
*Top Losers:*
- *Aster*: Down 21.4% in the last 24 hours.
- *PUMP*: Down 18.1% in the last 24 hours.
- *Cronos*: Down 12.9% in the last 24 hours.
The market's decline is attributed to a mix of regulatory pressure, leveraged positioning, and weakness across major altcoins. Investors are closely watching the Federal Reserve's next move and key US economic data, which could drive further volatility ¹ ².