Global Market Cap: Approximately $2.97 trillion, reflecting a 1.00% decrease over the last day.#
Market Sentiment: The Fear and Greed Index stands at 64, indicating a 'Greedy' sentiment and a significant recovery from April's average of 28.#
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๐ฐ #Major Cryptocurrencies#
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๐ #Key Highlights#
Bitcoin (BTC)$BTC : Trading around $95,500, Bitcoin shows resilience despite macroeconomic headwinds.
Ethereum (ETH)$ETH : Maintaining stability above $1,800, Ethereum continues to be a strong performer in the market.
XRP$XRP : Gaining traction alongside Bitcoin Pepe, XRP is drawing investor attention amid market fluctuations.
DOGE: Approaching the $0.22 resistance level, DOGE's price movement is considered a potential indicator for an upcoming altcoin rally.
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#๐ Market Trends#
Institutional Interest: A whale investor reportedly profited over $9 million from cryptocurrency investments, focusing on long positions in various tokens.
Market Sentiment: Despite a slight dip in overall market capitalization, the market sentiment remains bullish, with the Fear and Greed Index indicating 'Greedy' levels.
Altcoin Activity: Altcoins like XRP and Bitcoin Pepe are gaining traction, suggesting a diversification of investor interest beyond major cryptocurrencies.
