Today's cryptocurrency market: Volatility and Direction
The cryptocurrency market is in a bearish state
Today's cryptocurrency market mostly records negative signs, with total market capitalization down 0.97%, to 3.33 trillion USD. Nevertheless, trading activity remains lively with a 24-hour trading volume increased by 33.54%, reaching 131.69 billion USD. The Fear & Greed Index maintains a neutral level of 53, reflecting cautious sentiment in the investor community, waiting for clearer signals from the market. Analysts are closely monitoring the Federal Open Market Committee (FOMC) meeting, where no immediate rate cuts are expected, but still exerting psychological pressure as investors consider future monetary policy scenarios.
Impact of Volatility and Stock Market
In this context, the US stock market continues to show outstanding nuances: NASDAQ increased by 1.52%, S&P 500 increased by 0.94%, while Dow Jones futures rose by 0.75%. However, former President Donald Trump's early departure from the session put pressure on the DJT index, which fell more than 4%. This has a limited impact on the broader market trend, while adding caution for cryptocurrency traders as capital flows shift into safer portfolios.
Market Dominance: Bitcoin and Ethereum
The dominance rate of Bitcoin continues to slightly increase, reaching 63.9%, while Ethereum only accounts for 9.4%. The altcoin season index remains at 23/100, indicating a lack of energy to create breakthroughs beyond large-cap coins. This reflects that the market is not ready for small-cap altcoins and is still primarily focused on leading cryptocurrencies, especially Bitcoin.
Liquidation Pressure and Current Situation
How widespread is the liquidation?
According to data from CoinGlass, in the last 24 hours, over 106,000 traders have been liquidated with total losses amounting to 363.46 million USD. The largest transaction was a sell order of SOLUSDT worth 3.32 million USD on Binance. This phenomenon reflects the high-risk status of investors using leverage in a volatile market, especially when macro signals are unclear. This situation could persist if the fluctuations remain uncontrolled, placing significant pressure on the cryptocurrency investor community.
Today's cryptocurrency market: Major capital coins
The current price of Bitcoin is 106,170.88 USD, down 0.92% for the day, with a market capitalization of 2.1 trillion USD and a 24-hour trading volume increased by 24.40%, reaching 53.09 billion USD. Ethereum decreased by 2.67%, to 2,550.01 USD. Solana and XRP both depreciated, down 3.61%, to 150.68 USD. This situation requires investors to closely monitor the trends of leading cryptocurrencies to predict the next market movements.
Top cryptocurrencies with significant increases and deep decreases
Top gainers today:
Pendle (PENDLE): +3.51%, price 3.92 USD
Bitcoin Cash (BCH): +3.45%, price 470.34 USD
Monero (XMR): +3.34%, price 327.91 USD
Coins with significant decreases:
SPX6900: -15.79%, price 1.42 USD
ImmutableX (IMX): -10.77%, price 0.428 USD
ZCash (ZEC): -8.93%, price 42.31 USD
Cryptocurrency price prediction: 2025-2030
Analysts predict the long-term trends of Bitcoin, Ethereum, and other cryptocurrencies in the coming years, providing feasible scenarios based on technical analysis and market sentiment.
Frequently Asked Questions
Why is the cryptocurrency market down today?
The market is reacting to macroeconomic instability, particularly related to the FOMC meeting and the trend of capital flows shifting to more successful stock markets. At the same time, large liquidation numbers continue to exert negative pressure, causing investor sentiment to be cautious and more limited in trading activities.
How many cryptocurrencies have been liquidated in the past 24 hours?
In total, over 363.46 million USD has been liquidated, affecting more than 106,000 traders. Among them, the largest liquidation order was worth 3.32 million USD on Binance. This reflects significant risks for investors using leverage in a highly volatile market.
Which cryptocurrencies have increased or decreased the most today?
The leading coins in terms of increase include Pendle, Bitcoin Cash, and Monero; while those that decreased significantly are SPX6900, ImmutableX, and ZCash. This trend indicates a clear capital distribution, depending on the risk level and profit potential of each coin.
With the current situation, investors need to stay updated with the latest analyses to develop appropriate strategies and be more confident in cryptocurrency trading.
Source: https://tintucbitcoin.com/nguyen-nhan-giam-manh-cua-thi-truong-tien-dien-tu/
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