#CryptoMarket4T The cryptocurrency market is heading towards significant achievements, as the market capitalization of cryptocurrencies recently exceeded 4 trillion dollars after the prices of some major currencies like Ethereum and XRP rose. This achievement comes as a result of positive movements in the market, with expectations for continued growth.
*Key developments in the cryptocurrency market:*
- *Market Capitalization*: The market capitalization of cryptocurrencies reached approximately 3.93 trillion dollars, with a slight decrease of 0.83% in the last 24 hours.
- *Liquidity*: The market experienced significant liquidity, with a trading volume of about 297 billion dollars in the last 24 hours.
- *Leading currencies*:
- *Bitcoin*: The price of Bitcoin fell by 1.7% in the last 24 hours, due to profit-taking and reduced activity in derivative markets.
- *Ethereum*: The price of Ethereum rose by 2.15% in the last 24 hours, supported by inflows from exchange-traded funds and wealth accumulation by whales.
- *XRP*: The price of XRP increased by 20% after the enactment of the GENIUS law, but later declined due to profit-taking and technical signals of overbought conditions ¹.
*Expectations and Future:*
- Analysts expect the cryptocurrency market to continue growing, with a positive impact on the entire industry.
- Fear and greed indicators reflect investor optimism, with the fear and greed index recording 74 out of 100