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📉 Analytical review of the current situation of the cryptocurrency market
Cryptocurrency has taken a revolutionary place in the world financial world, but its volatility has always been a test for investors. The data in the image below tells us that within 24 hours the crypto market has seen a slight but noticeable decline.
🪙 Overall market situation
The market capitalization is $3.65 trillion, which is a decrease of 0.80%.
The CMC100 index has also decreased by 0.71%, reflecting the general decline of major cryptocurrencies.
The Fear & Greed index is at 69, which indicates the state of Greed in the market — that is, people are still optimistic about investing, but there is a risk.
💰 Major Cryptocurrencies and Their Performance
BTC (Bitcoin)
Price: $117,623.29
Market Cap: $2.33T
24-Hour Down: 0.12%
Bitcoin is stable, but slightly bearish.
ETH (Ethereum)
Price: $2,944.36
24-Hour Down: 1.73%
Ethereum has been on a bullish streak in recent days, but is now under some pressure.
XRP (Ripple)
Price: $2.746
Down: 2.50%
A strong crypto, but currently on a bearish trajectory.
USDT and USDC
Both are stablecoins and have held steady at around their $1.00 price.
They are showing signs of stability, which shows investor confidence in a time of crisis.
The currency born from memes has seen a significant decline.
📊 Technical angle
The Altcoin Index is at 27/100, which shows that altcoins are performing quite poorly compared to Bitcoin.
All major coins are in a negative trend, while stablecoins appear relatively safe.
📘 Last thing
The crypto market is never completely predictable. This picture clearly shows that wise analysis, technical knowledge, and timing, rather than emotional decisions, are the keys to successful investing.
