📉 A Comprehensive Overview of the General Trend
🌐 Global Market Performance:
The total market capitalization of cryptocurrencies stands at around $3.92 trillion, after a drop estimated at -5.3% over the past 24 hours.
Daily trading volume decreased to around $139 billion, with a decline of approximately -8% compared to yesterday.
📌 Performance of Major Currencies:
Bitcoin BTC: Declined by -0.9% and achieved a price below $118,300, amidst anticipation for the U.S. monetary policy decision.
Ethereum ETH: Dropped by -2% but showed relative strength supported by positive flows from ETFs.
XRP and Solana: Recorded a larger decline, at -2.5% and **-3.4%** respectively.
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🧭 Performance Interpretation: Rise or Fall?
The market is witnessing a clear drop today:
The collective decline in prices and downward performance in major currencies indicates a selling trend in the market in the near term.
The downturn reflects a state of anticipation for developments from the U.S. Federal Reserve (a new round of interest rates) and a regulatory report expected from the White House.
⚖️ Despite the relative decline:
ETH showed better resilience than BTC, due to positive expectations for ETFs.
Despite the decline, the market appears to be in a healthy correction or regulatory anticipation phase rather than a complete collapse.
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🗂️ Quick Summary
Index Status Today Interpretation
Total Market Capitalization ↓ by ~-5.3% Collective downturn and spread for sale
Bitcoin ↓ -0.9% Short-term weakness and waiting for the interest rate decision
Ethereum ↓ -2% Decline, but less affected with ETF support
Altcoins like XRP and SOL ↓ Larger (~-2.5 to -3.4%) Wider decline among alternative currencies
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✅ Is the market bullish or bearish?
Today's trend is clear: decline, especially in the benchmark prices of major currencies.
📌 Anticipation is key now: The upcoming interest rate decision or regulatory report may restore upward momentum or open the door for further declines depending on the outcomes.