Crypto Market Update: ๐ Bitcoin$BTC & Ethereum$ETH Show Strength Amid โก Volatility! ๐
Market Overview.
As of March 12, 2025, the cryptocurrency market is experiencing notable movements, with the total market capitalization reaching $2.67 trillion, reflecting a 3.45% increase. Bitcoin and Ethereum continue to dominate the space, with BTC trading at $82,326.01 and ETH at $1,893.34.
Market Sentiment: Extreme Fear Persists.
Despite the market cap's upward trajectory, investor sentiment remains fragile. The Fear & Greed Index is at 19, indicating "Extreme Fear", which suggests that many investors are still hesitant to enter the market.
ETF Tracker: Outflows Continue
Bitcoin ETFs have seen a daily net outflow of $97.70 million, with Ethereum ETFs showing no inflows or outflows. This trend suggests continued caution from institutional investors.
Market Dominance & Altcoin Season
Bitcoin maintains a dominance of 61.27%, reinforcing its position as the leading cryptocurrency. Meanwhile, the Altcoin Season Index stands at 15/100, suggesting that Bitcoin is outperforming altcoins in the current market cycle.
Ethereum Network Fees & Derivatives Market
Ethereum gas fees remain relatively low, with fast transactions costing 1.15 Gwei. Meanwhile, the derivatives market is still highly active:
Perpetual contracts open interest: $395.60 billion
Futures open interest: $4.65 billion
Volatility Remains High
Options market volatility is notable, with BTC options volatility at 64.65 and ETH options volatility at 80.04, signaling continued price swings ahead.
Conclusion
While the crypto market has seen a strong recovery, extreme fear still looms among investors. ETF outflows, high volatility, and cautious sentiment indicate that traders should stay alert for potential market shifts. Bitcoinโs dominance remains firm, but altcoins may gain momentum if confidence returns to the market.
