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After two days of rising prices, the crypto market is down today. Nearly all top 100 coins have recorded decreases over the past 24 hours. The cryptocurrency market capitalization has dropped by 4% to $3.51 trillion. The total crypto trading volume is at $132 billion.

TL;DR:

The market turns red today, most top 100 coins are down;

BTC dropped to the $107,500 level, ETH is at $2,749;

Ethereum’s bounce-back signals more than just price action;

Volatility expectations are increasing;

US spot ETH ETFs outperform their BTC counterparts: $240.29 million vs $164.57 million;

Markets are digesting the news of the US-China trade agreement and the US inflation report;

The dip may be a short-term development, but the market is at a crossroads.

Crypto Winners & Losers

In complete contrast to yesterday’s situation, all top 10 coins per market cap have seen their prices decrease over the past 24 hours.

Bitcoin (BTC) fell by 1.7%, dropping from the $109,500 level to the current price of $107,563.

Ethereum (ETH) is close by, decreasing by 1.6% to the price of $2,749.

While Dogecoin (DOGE) was the highest gainer yesterday, it saw the highest drop in this category today: 6.2% to $0.1898.

Moreover, most of the top 100 coins are down today. Only four are up, with SPX6900 (SPX) recording the highest increase of 8.1% to $1.68.